Multiple inline retail and restaurant spaces available for lease at Park Point at RIT. Signage available fronting Jefferson Rd (Rt. 252). Park Point is a mixed-use project on the campus of Rochester Institute of Technology (RIT). Project consists of 1st floor retail space and three floors of student housing with an open courtyard for events.
Built in 2008, Park Point is located at the intersection of Jefferson Road (Rt. 252) and John Street and is in close proximity to over 5 Million SF of office and industrial space. Co-tenants include Loving Cup Bistro, Royal of India Restaurant, Mecate Mexican Restaurant, and Cornerstone Advisory Group. Park Point also is home to RIT's new 40,000 SF Administrative Offices building. Park Point is located on the corners of Jefferson Rd. and John St., next to the RIT campus. RIT has a student population of 18,600. Faculty and staff population is an additional 2,382.
Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."
Why are Real Estate Incentives Important and to Whom?
"Incentives" are vital today and in the future because:
U.S. Public: Many incentives focus on job creation and Affordable Housing
Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.