About the Project
The long-vacant 62,000 square-foot former can factory and 42,000 square-foot industrial building that dominated the north side of the village were impediments to the revitalization of Fairport.
To the new owners though, those buildings represented opportunity. But redevelopment of the property would include environmental remediation initiatives, significant sewer, infrastructure, site, building, and tenant improvements.
“A lot of people thought the vision was crazy,” said Matt Lester, managing partner of Fairport Cannery LLC. “But we saw the potential.”
Working with the developers, the Fairport IDA drafted a custom PILOT agreement with sales and mortgage tax exemptions to assist the project. Total private investment in the redevelopment was $14,250,000 with over 110 new full-time equivalent jobs projected within the first two years.
Now the former warehouse/industrial buildings are a vibrant and exciting mixed-use destination with retail, restaurant, office and flex space. In 2021, The Cannery was named as one of the Rochester NY region’s Coolest Spaces by Rochester Business Journal.
Collaboration with developers with the shared goal of creating a signature project in the heart of the village to attract new businesses and create new jobs.
“The village of Fairport’s economic development group has embraced the project,” Lester said. “Most municipalities would have put the development team through the ringer. Fairport was like, ‘What can we do for you?”