- Project
- Northeast
- Urban
- Economic and Fiscal Impact Analysis
- Real Estate Development and Housing
The Challenge
The Eastman Business Park represents a massive opportunity for new industrial and business development for the City of Rochester and the State of New York. Historically known as Kodak Park, the Eastman Business Park has a 1,200-acre campus employing over 6,000 people. However, even with this enormous potential, the park lacked a cohesive vision.
The Solution
The business park retained Camoin Associates, who partnered with Bergmann, an engineering and planning firm, to create a comprehensive master plan.
Phase 1 of the project included a real estate market analysis, existing conditions analysis, competitive assessment, and return on investment analysis for four strategic sites within the park. The Camoin Associates-Bergmann team worked with park representatives to develop a plan that recreated its identity as an internationally recognized hub for high-tech manufacturing and provided a framework for future development that used market trends to suggest uses for each site that would result in economic growth for the surrounding area.
The consulting team was then hired to complete Phase 2 of the project, which included an economic and fiscal impact analysis of the master plan upon implementation, financial recommendations and guidance, and developer engagement.
The Impact
Since the master plan was completed in 2017, the Eastman Business Park has experienced a revival.
- Precision Optical Transceivers announced it would relocate to the business park.
- GreenLight Biosciences opened a new RNA production facility at the business park. Several years later, the company announced it would be expanding its manufacturing operations at the business park.
- The Eastman Reserve, a 187-unit housing development was opened at the business park.
- Canada’s Delta-X Global Corp., announced it would establish its US research and manufacturing headquarters at the business park.
- Eastman Kodak Co. announced that its new $20 million manufacturing facility will start production in 2025.
Services Provided:
- Real estate market analysis
- Economic base and targeted industry opportunity analysis
- Economic and fiscal impact analysis
- Financial feasibility analysis
