Top Capital of New York invests USD 145 mln in upstate New York


Top Capital of New York, LLC, a Rochester, New York-based capital investment and business development private equity firm, is investing more than $145 million in the area market, creating an estimated 200 development jobs and 260 full & part-time positions.

The company is known for their broad range of regional, national and international manufacturing, distribution, marketing, commercial real estate development and consulting services. Their most significant investment to date spans three major commercial properties— Chateau at Heritage Square, Saratoga Station Park Complex and Destination Hotel and Conference Center at Colgate Rochester Crozer Divinity School Campus.

The real estate leaders, who together have nearly two centuries of industry experience, believe in the importance of capitalising on developing quality products in growing markets, at precisely the right time. Their properties pair first-class amenities and services with innovative features that drive high-demand and value for investors, tenants, and guests. With these projects, Top Capital’s proven experience in developing unparalleled senior living, hotels and commercial real estate properties continues to grow, filling key vacancies in the expanding Upstate, N.Y. real estate market.

“When I first moved to Upstate, I recognised it as a region more people should enjoy and experience, not only as a beautiful place to live but also as a destination,” says Gene Zhou, Chairman of Top Capital of New York. “Our goal in developing these properties is to create warm, welcoming, and beautiful settings for residents and visitors to enjoy these pristine locales.”

Recently opened, the Chateau at Heritage Square in Brockport, an $18M investment, is an upscale independent and assisted living community for seniors 62+. The luxury facilities include large well-appointed apartments with fireplaces, granite counters and tiles bath. Other amenities include a fine dining restaurant and cocktail lounge that is open to the public, a patio fireplace, putting green, bocce courts, walking paths, public salon and spa, housekeeping, transportation and 24-hour on-site security.

Top Capital’s largest project in development is Saratoga Station Park Complex in Saratoga Springs, New York, a $91M investment. When complete in 2019, the property will include a luxury hotel, salon & spa, fine dining, shopping, outdoor recreation space, underground parking, luxury condominiums, and senior apartments. The property is adjacent to the train station, making it perfectly outfitted for travellers coming from New York, Boston, and Montreal. Where a vast, unwelcoming empty landscape once was, visitors will now be greeted off the train by a warm atmosphere, rich with local flair.

Also, currently developing a $36M boutique destination hotel, conference centre, salon and spa at Colgate Rochester Crozer Divinity School Campus in Rochester, N.Y., set to open in 2019. Built in 1927, this one-of-a-kind, European-inspired, 24-acre campus has been immaculately maintained to retain its original character for nearly a century. The School selected Top Capital earlier this year, after a 20-year search for a buyer that would maintain the original character of the buildings and grounds. As part of the project, they will build a new custom-designed, state-of-the-art facility on the property, so they can continue to their community legacy.

“We couldn’t be more thrilled to be breaking ground across the Upstate region,” says Zhou. “We hope these properties will serve as places locals and travellers can escape the hustle and bustle of everyday life and enjoy time with their families, friends and business associates for many years to come.”