The City of Rochester unveiled final designs today for the Inner Loop East project. The city is filling in a mile stretch of the loop, which will create six acres of land for development.
The Inner Loop was built in the late 1950's and early 1960's to help motorists get around downtown. But in the subsequent years, as the city's population drastically declined, the loop has come to be viewed as a "moat" that divides neighborhoods and separates downtown from the rest of the city.
The city will fill in the southeast portion of the loop from Monroe Avenue to Charlotte Street. The design includes a cycle track from the Howell-Monroe-Chestnut intersection to University Avenue. The track covers about three-quarters of a mile.
City officials presented two examples of the kind of development that could take place on the new land, using demographics, market trends, and other analysis. In the first scenario, 427,913 square feet would be carved up into 303 residential units, 54,000 square feet of retail, and 72,000 square feet of office space.
In the second scenario, 795,062 square feet would be turned into 625 residential units, 89,000 square feet of retail, and 85,000 square feet of office space.
The difference between the two scenarios is the density of the developments.
The project should go out to bid this summer, with construction starting in October. Construction, according to the city, will take place in three phases from 2014 to 2017.
The city received a $17.8 million federal grant for the $27 million project. The city's portion is $6 million.