Conifer Realty, LLC (Conifer) and Community Preservation Partners (CPP), announced the planned renovation of Andrews Terrace, an iconic 526-apartment building complex on Rochester’s waterfront for senior (62+) and disabled residents (and their families).  Andrews Terrace will receive extensive renovations estimated at $101 million, with a total project investment of approximately $335 million. KeyBank Community Development Lending and Investment (CDLI) in partnership with the Urban Investment Group (UIG) within Goldman Sachs Asset Management, invested $135.6 million of four percent LIHTC equity and provided a $200 million construction loan. Additionally, KeyBank Commercial Mortgage Group closed $73.1 million Fannie MTEB and KeyBanc Capital Markets underwrote $163 million of tax-exempt bonds for this project. Federal and State Historic Tax Credit equity of $37.2 million will be provided by Chase Community Equity.