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Park Point at RIT

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Park Point at RIT

Park Point at RIT (originally referred to as "Collegetown" or "College Park") is a commercial enterprise on the northeast corner of Rochester Institute of Technology's campus in Rochester, New York. The property is being leased to Wilmorite Properties. Park Point at RIT is a $72 million dollar project and is expected to bring in $10 million in tax revenue during the first ten years of operation.Although tenants were allowed to move in and shops began opening on August 15, 2008, the grand opening of Park Point at RIT was held on September 27, 2008, with a concert called Simone Square Bash 2008.For several years, RIT had been looking for ways to add new housing to campus for students. As early as October 2003, rumors spread through RIT's student body about expanding an existing complex, or perhaps a new student housing project. In the Winter of 2005, RIT announced a plan for 'College Town'. College Town was envisioned as "a commercial venture that would bring a variety of shopping, dining and housing to a 90-acre (360,000 m2) parcel on the northeast corner of campus." Initially, the area was designed for use primarily by RIT students and faculty; but as time progressed, the idea of College Town expanded to include not only RIT and other college students, but to also incorporate recent graduates and the local community.According to a statement from Wilmorite, the firm expects that the housing will largely be taken not only up by students from RIT, but also by students from Monroe Community College, University of Rochester and other area colleges.

Practical Information

Location: Henrietta, New York

Official site: http://www.parkpointrit.com

Owner: Wilmorite Properties (leased by RIT)

Opened: 2008

Nb of stores: 10

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Park Point at RIT –

Park Point at RIT (originally referred to as "Collegetown" or "College Park") is a commercial enterprise on the northeast corner of Rochester Institute of Technology's campus in Rochester, New York. The property is being leased to Wilmorite Properties. Park Point at RIT is a $72 million dollar project and is expected to bring in $10 million in tax revenue during the first ten years of operation.Although tenants were allowed to move in and shops began opening on August 15, 2008, the grand opening of Park Point at RIT was held on September 27, 2008, with a concert called Simone Square Bash 2008.For several years, RIT had been looking for ways to add new housing to campus for students. As early as October 2003, rumors spread through RIT's student body about expanding an existing complex, or perhaps a new student housing project. In the Winter of 2005, RIT announced a plan for 'College Town'. College Town was envisioned as "a commercial venture that would bring a variety of shopping, dining and housing to a 90-acre (360,000 m2) parcel on the northeast corner of campus." Initially, the area was designed for use primarily by RIT students and faculty; but as time progressed, the idea of College Town expanded to include not only RIT and other college students, but to also incorporate recent graduates and the local community.According to a statement from Wilmorite, the firm expects that the housing will largely be taken not only up by students from RIT, but also by students from Monroe Community College, University of Rochester and other area colleges.

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