Lofts @ Six Mile Creek (Cayuga Place) Update, 11/2014

5 12 2014

As much as I hate to entertain the currently-fashionable use of prepositions in project names, and the “@” symbol to make it modern and hip, that is the official name for what was the condo portion of Cayuga Green. More notably, the project website describes these as apartments rather than condos as initially planned. Apartment projects are easier to get financing for since it’s generally easier to find renters vs. buyers, but given some of the discussion about the need for owner-occupied units that has come up lately (the Old Library redevelopment comes to mind), this is a mild disappointment.

The 7-story, 45-unit, 49,244 GSF apartment building topped out on October 2nd. The concrete floors were poured and the balcony pads were craned into place and secured throughout the fall. Peering into the building from the parking garage, some steel wall frames have been erected on the upper floors, while rough interior work seems to be underway on the lower floors. The plastic sheathing is to break the winter winds and keep the space above freezing.

Developer Bloomfield/Schon + Partners planned to release leasing/pricing details last month, but I haven’t heard anything yet. Completion for the project is set for late Spring 2015, which according to their facebook, is a little later than intended due to material supply delays created by the rough November weather (curse you, polar jet stream). If the last photo is any indicator, the upper-floor units are going to have some fantastic northeast views.

As noted before, this project makes the completion of 15 years of planning and construction. At 45 apartment units, It’s also one of the largest non-student-related projects slated for a 2015 completion – the 35-unit Stone Quarry Apartments and the 21-unit 323 Taughannock are also pegged for 2015 completions.

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