News Tidbits 10/04/2011: Breckenridge Place Clears the Funding Gap:

4 10 2011

From the Ithaca Journal:

“Ithaca Neighborhood Housing Services and not-for-profit housing developer PathStone Corporation have received enough commitments for funding needed to build the $14.5 million Breckenridge Place in downtown Ithaca.

Breckenridge Place is planned for where the Women’s Community Building is now, at the northwest corner of Seneca and Cayuga streets, and would consist of 52 one- and two-bedroom apartments in a six-story building.”

Some readers might recall that this building was placed on hold after the initial round of state grants passed them over for funding last year. Now that the funding gap has been cleared, the project should have a relatively steady path to construction and completion (one can hope). The building is still the design of Ithaca-based HOLT Architects, though from the rendering in the paper, it appears to have undergone a revision. The site of the building is currently occupied by the Women’s community Building (shown below).

So, it looks like the development of downtown Ithaca is starting off the autumn season on a strong note this year.


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2 responses

6 10 2011
ex-Ithacan

Just curious, have you heard anything about the financing for the Hotel Ithaca project?

9 10 2011
B. C.

Not recently Ex. I don’t think anything has been done with the site lately, but I failed to make it over to Green Street the last time I was in town. So I haven’t heard anything and I’m not sure what, if anything, is going on with the project.

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