Upstate New York gets big commercial project

Government officials at the local, county and state levels recently reached an agreement that will allow the first Costco store to open in the Rochester, N.Y., area. The 150,000-square-foot store will anchor a larger development, the $200 million CityGate, which is a mixed-use project that will include apartments, hotel space, offices and retail.

"Establishing Costco as the anchor tenant is a great step forward for this project and will help attract future developments and investments to the region," Gov. Andrew Cuomo said to GlobeSt. "This is an example of government partnering with business to bring companies and jobs to upstate New York."

CityGate will be located on the current grounds of the Monroe County Children's Detention Center, as the New York State Office of Children and Family Services OK'd its relocation to a state-owned site just outside of Rochester.

The 45-acre CityGate is located along the Erie Canal in Rochester's university and hospital district. The company at the helm of the project, Anthony J. Costello & Son Development, is spending about $1 million to restore a one-mile stretch of the Erie Canal Heritage Trail to increase the area's aesthetic appeal.

The development is expected to add more than 1,000 living-wage jobs to the area, including construction positions and full-time spots at Costco. The big-box retailer will be a huge boost to the region, as the store generates about $103 billion in sales every year from 72 million warehouse members. The sprawling stores typically offer more than 3,700 items in stock, meaning members can get everything from groceries to apparel. 

"We sell high-end items at a great value or at a great price," Jeff Elliott, assistant vice president, finance and investor relations for Costco, said in an interview with U.S. News and World Report.

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