Park Point at RIT
Park Point at RIT (originally referred to as "Collegetown" or "College Park") is a commercial enterprise on the northeast corner of Rochester Institute of Technology's campus in Rochester, New York. The property was initially being leased to Wilmorite Properties, until it was bought by American Campus Communities in 2013. Park Point at RIT is a $72 million dollar project and is expected to bring in $10 million in tax revenue during the first ten years of operation. Although tenants were allowed to move in and shops began opening on August 15, 2008, the grand opening of Park Point at RIT was held on September 27, 2008, with a concert called Simone Square Bash 2008. History For several years, RIT had been looking for ways to add new housing to campus for students. As early as October 2003, rumors spread through RIT's student body about expanding an existing complex, or perhaps a new student housing project. In the Winter of 2005, RIT announced a plan for 'College Town'. College Town was envisioned as "a commercial venture that would bring a variety of shopping, dining and housing to a parcel on the northeast corner of campus." Initially, the area was designed for