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Rochester Building’s Foreclosure Battle | Real Estate News
A Rochester landmark, the Hungerford Building, faces foreclosure on October 29—but investor Peter Hungerford, named after the building’s distant relative, is racing to save it. With over $10 million in debt from a 2022 loan meant to fund 200 new apartments, costs skyrocketed after structural issues emerged and lending tightened. Critics—including former studio artists—blame neglect, though Hungerford claims the building was already deteriorating before his involvement. He’s aiming to announce a $45–50 million construction loan within 30–60 days to clear debt and restart renovations. Known for…
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