The owners of Colgate Rochester Crozer Divinity School have announced that the company that they are selling the 24 acre property to on South Goodman Street is a local development company, called Top Capital.
That company plans to invest $36 million in the property, renovating the historic campus into a hotel and conference center.
Jim Payne is director of marketing for Top Capital. He thinks the school property can become a very desirable destination.
“The buildings themselves are so beautiful that we think it’s going to make a really unique property that not only the people in the Rochester area are going to enjoy but a property that people will come from outside the region, from all around the country, maybe internationally to enjoy.”
As part of this deal, Top Capital will construct a new building on the campus to be used by the divinity school which has wanted to get away from having to manage a large, underutilized physical plant.
There is no specific timetable yet for completion of the new hotel and conference center.
