News Tidbits 5/21/16: Building Bridges, or Burning Bridges

21 05 2016

209-215_2

1. 209-215 Dryden Road has a name: the Breazzano Family Center for Business Education. Let’s just call it the Breazzano Center for short. The name comes as part of a $25 million donation from Cornell MBA alum David Brezzano ’80, and is named in honor of him and his three sons, all recent Johnson School graduates. According to the Cornell Chronicle, the donation will “substantially support” the building’s construction, which construction loans on file with the county have pegged at $15.9 million. Breazzano is the president of money management and investment firm DDJ Capital Management, and did his undergrad at Union College in Schenectady, where he serves as trustee.

John Novarr is the developer for the 6-story, 76,200 sq ft building, and Cornell will occupy 100% of the structure on a 50-year lease.

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2. So, something weird is going on. The city BPW is set to discuss an encroachment for the Chapter House reconstruction at their meeting on the 23rd. However, all the paperwork included in the agenda dates from before the sale and refers to the previous owner. So either the new owner is pursuing the encroachment and the information hasn’t been updated, or this is outdated/no longer being pursued and no one’s updated the BPW paperwork. I tried calling the project architect (Jason Demarest) but he’s out of town until Saturday, and this publishes Friday night, so…dunno. Hopefully someone can provide some insight. For the record, the encroachment is for the first-floor roof overhang over the sidewalk, and will cost the developer $33,812.28.

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Open question, would a brick-for-brick rebuild had to have paid for this encroachment as well? It existed with the original structure, this was designed with heavy ILPC input, and given that project costs seem to be why this is in jeopardy…it just seems like an unnecessary obstacle. I know it’s a new build, but it’s replicating a previous encroachment for the sake of character. It seems like the project is being financially punished for that.

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3. For this week’s eye candy, the above image appears to be the city’s proposed redesign for the Brindley Street Bridge over on the West End. Pretty similar to existing newer or renovated bridges in the city (Clinton Street, South Aurora Street), with older-style lamp posts and stylized concrete railings.

Alternative 2 calls for a pedestrian bridge to replace the existing Brindley Street Bridge, which was last renovated in 1952. A new bridge for vehicle traffic would be built south from the intersection of Taughannock and West State Streets, over the inlet, and intersecting with Taber Street. The project is expected to go out to bid next year, and completed in 2018.

4. Per the Ithaca Times, the Taughannock Farms Inn out in Ulysses has some expansions and renovations planned since new ownership purchased the property back in February. Along with a bistro for lighter fare, an electric car charging station and a dock, the Times introduced plans for a 2-story, 200-person event center that would be built on the Inn’s property. The purpose of the event center is to provide additional space for events like weddings and formals, and to capture a bit of the mid-week business meeting and convention crowd. The inn itself has 22 guest rooms in five buildings.

The original inn building dates from 1873, when it was a “summer cottage” for John and Molly Jones of Philadelphia. The Joneses also owned Taughannock Falls at the time, though they would eventually deed it over to the state in the mid 1930s to create the park. The current owners are only the fourth in the 143-year history of the property.

5. A couple of big sales in Tompkins County this week. The first one was 308 Eddy Street, a 12-bedroom apartment house in Collegetown. The Lambrou family, one of Collegetown’s medium-sized landlords at ~400 beds, sold the property to the O’Connor family (a smaller landlord family) for $1,225,000 on the 18th. The O’Connor don’t tend to develop their own properties, and 308 Eddy was receently re-roofed anyway, so don’t expect any changes here, but take it as a demonstration of what a captive rental market, high land values and high taxes will do.

The other big sale was outside of Ithaca, at 1038-40 Comfort Road in Danby. A purchaser bought several land and cabin properties being touted as a high end B&B for $1,300,000. The purchases are a couple from Florida, one of which founded the Finger Lakes School of Massage in the 1990s and now heads an aromatherapy institute.

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6. According to a report from the Dryden town board liaison to their planning board, the Varna Community Association’s reception to “Tiny Timbers” at the corner of Freese and Dryden Roads has been mostly positive, apart from minor traffic concerns to the 16-house project. More lukewarm was the reception to the 36-unit Evergreen Townhouses proposal at 1061 Dryden, where concerns were raised about having enough green space, and whether it was too far outside Varna to be an appropriate location.

The neighbor two doors down has already started to fight the project, and this is probably going to play out like 902 Dryden did over the past several months. Here’s a pro tip when you’re writing up that angry screed – please stop arguing that renters are second class citizens. Just stop.

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7. Therm Incorporated will be presented plans for a stand-alone 20,000 SF manufacturing facility to the town board next week. The addition will be located at their property at 1000 Hudson Street Extension, between its main building and the quonset huts. In a rarity, the industrial-zoned property won’t need to heard to a zoning board – no variances required. The new building will replaces a 3,434 SF ceramics studio. As previously reported on the Voice, Therm expects to create 10 jobs with the expansion. Therm, located at its current facility since its founding in 1935, specializes in custom machining, primarily for the aerospace and industrial turbine industries.

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8. Not a very exciting agenda for the Ithaca city planning board this month.

1. Agenda review
2. Floor Privilege
3. Special Order of Business: Incentive Zoning & Site Plan Review Discussion (Lynn Truame)

4. Subdivision Review
A. Minor Subdivision, 312-314 Spencer Road, Charlie O’Connor (MLR)

5. Site Plan Review
A. Sketch Plan, Two Duplexes at 312-314 Spencer Road

This came up back in March – Charlie O’Connor plans on re-configuring vacant street-facing property behind two houses to build two duplexes near Lucatelli’s. STREAM Collaborative is the architect.

Originally, this was at the end of the agenda as sketch plans usually are, but the agenda was revised so that the sketch plan would be allowed to go first.

B. 201 College Avenue – Declaration of Lead Agency, Public Hearing, Determination of Environmental Significance, recommendation to the BZA

C. Elmira Savings Bank, 602 West State Street – Declaration of Lead Agency, Public Hearing, Potential Determination of Environmental Significance, recommendation to the BZA

D. Brindley Street Bridge, seen above – revised FEAF review (parts 2 and 3), recommendations to lead agency (BPW).

6. Umpteen million zoning appeals, none especially contentious
7. Chain Works DGEIS Review, Update Schedule and Special Meeting Schedule.


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2 responses

21 05 2016
Ex-Ithacan

Seems that some folks in Varna are fighting the realization that the place’s location make it a prime spot for development. Varna is not really “out of town” any longer.

26 05 2016
paulbrittingham

Helpful piece – I was fascinated by the points . Does someone know where my company would be able to grab a sample Acord 25 example to type on ?

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