Deteriorating economy forces changes in Paetec tower

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	Deteriorating economy forces changes in Paetec tower

johnlam

10-4-2008 5:51 AM

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architecture, land use, downtown, rochester, planning, urban, recession, paetec, real estate

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/ff5b1b71-a6a6-4d78-a456-13330cf1d726/CB6E2320-A5C1-4426-966E-630B9D3F273C/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://democratandchronicle.com/article/20081004/NEWS01/810040330" href="http://democratandchronicle.com/article/20081004/NEWS01/810040330" style="font-size: 11px;">democratandchronicle.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://democratandchronicle.com/article/20081004/NEWS01/810040330"><div align="center"><img src="http://content9.clipmarks.com/blog_cache/democratandchronicle.com/img/07AD1C25-E8BA-4DC5-B60E-4A65206482A6" alt="Once envisioned as a 37-story building, the new PAETEC headquarters will now be nine or 10 stories tall." /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://democratandchronicle.com/article/20081004/NEWS01/810040330"><P>Preliminary plans unveiled Friday show a 350,000-square-foot building that will be nine or 10 stories tall rather than the 37-story building Chief Executive Arunas A. Chesonis had described four months ago. But Chesonis stressed that the PAETEC portion of the building, with room to expand the company, remains the same size. About 150,000 square feet of leasable space was cut out.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://democratandchronicle.com/article/20081004/NEWS01/810040330"><li style="margin-left:16px;padding-left: 0px;">PAETEC's headquarters would be nine or 10 stories tall and located on South Clinton Avenue, about in the middle of the block currently occupied by Midtown Plaza. Whether the building will extend all the way to Clinton and East Main Street hasn't been determined yet. <BR /></LI></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://democratandchronicle.com/article/20081004/NEWS01/810040330"><li style="margin-left:16px;padding-left: 0px;">The building would be big enough for PAETEC's 850 employees currently scattered in four buildings, as well as provide space to grow to a work force of 1,500. <BR /></LI></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://democratandchronicle.com/article/20081004/NEWS01/810040330"><li style="margin-left:16px;padding-left: 0px;">PAETEC would probably lease the building back from Rhode Island developer Gilbane Inc., which helped develop the design concept.
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</LI></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://democratandchronicle.com/article/20081004/NEWS01/810040330"><li style="margin-left:16px;padding-left: 0px;">Cost is estimated at $100 million. <BR /></LI></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/CB6E2320-A5C1-4426-966E-630B9D3F273C/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>