ROCHESTER, NY-Ceremonial shovels went into the ground this past Thursday on the $100-million College Town redevelopment of 14 acres owned by the University of Rochester here. The mixed-use project, being developed by a joint venture of Fairmount Properties and Gilbane Development, is scheduled for completion in late fall 2014.

“This is a historic day for the City of Rochester,” Joel Seligman, president of the university and co-chair of the Finger Lakes Regional Economic Development Council, says in a statement. “College Town is an excellent model of how public-private partnerships should work. We have enjoyed and been grateful for the incredible support we have received at every level of government, from stakeholders throughout the University community, and pivotally, from our neighbors.”

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