Preliminary plans unveiled Friday show a 350,000-square-foot building that will be nine or 10 stories tall rather than the 37-story building Chief Executive Arunas A. Chesonis had described four months ago. But Chesonis stressed that the PAETEC portion of the building, with room to expand the company, remains the same size. About 150,000 square feet of leasable space was cut out.
PAETEC's headquarters would be nine or 10 stories tall and located on South Clinton Avenue, about in the middle of the block currently occupied by Midtown Plaza. Whether the building will extend all the way to Clinton and East Main Street hasn't been determined yet.
The building would be big enough for PAETEC's 850 employees currently scattered in four buildings, as well as provide space to grow to a work force of 1,500.
PAETEC would probably lease the building back from Rhode Island developer Gilbane Inc., which helped develop the design concept.
Cost is estimated at $100 million.
clipped from: democratandchronicle.com 