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Updated over 5 years ago on . Most recent reply
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- Investor
- Rochester, NY
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The allure of Upstate
I came to Rochester NY in 1997 and at first never really envisioned myself settling in and making it home. This is the same for most young professionals that are studying at the universities and is evident in the few that stay and find jobs in our city. Most people don't realize, but Rochester's population actually peaked back in the 1800's and has been in decline ever since. We're plagued with tons of deferred housing stock, slum lords, city owned vacant lots from properties taken back, and a gluttonous oversupply of office & industrial space yet I remain optimistic for this river city's future. Right now we're in the beginning phases of setting up workforce development programs and acquiring space for redevelopments that have a community facing aspect while remain profitable enough for investors to undertake.
What is it that entices you to upstate?
What needs to change to make you more successful?
- Mark Updegraff
- Podcast Guest on Show #112
Most Popular Reply
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I am originally from Queens NY. I came across Rochester back in 2006 looking for a great city to invest in multi family properties. Since NYC is very expensive I traveled to Rochester every single weekend until I purchased my first property. Now over 50 units, I call Rochester my home. People are nice and I love the small town feeling!