M/E Properties Rochester, LLC, a real estate holding company, proposes to purchase and renovate 300 Trolley Blvd. in the Town of Gates for M/E Engineering, P.C. (M/E).
Founded in 1991, M/E is a mechanical/electrical consulting engineering firm. The firm has outgrown its leased space in the City of Rochester. The new 22,900 square foot location will allow the company to expand operations and create 11 full-time jobs over the next three years.
Headquartered in Monroe County, M/E also operates in Buffalo, Albany and Syracuse with total employment of 200 people. The Rochester location employs approximately 85 people. The project cost is $3,100,000. The applicant seeks the JobsPlus property tax abatement, sales tax and mortgage recording tax exemptions. The tenant seeks sales tax exemptions on furniture/fixtures, computers, wiring and signage. The job creation requirement is 9. The Benefit to Incentive ratio is 5.9:1.