News Tidbits 6/5/17: The Return, Part III

5 06 2017

1. The Ithaca Gun site is almost in the clear, according to the NYS Department of Environmental Conservation (DEC). The state is proposing a “no further action” status for remediation of the Lake Street site along Fall Creek gorge, where the factory maintained a presence from 1885 to 1986. Testing the guns with lead bullets for decades had the unfortunate result of contaminating the gorge with toxic levels of lead and heavy metals, and the area has been under remediation in some form for almost 20 years. The first round of cleanup for the Superfund was from 2002-2004, but insufficient cleaning resulted in a second round of cleaning in 2014. A third round to excavate more contaminated soil along the steep slopes of the gorge was undertaken by the federal EPA over the past couple of years.

To quote: “Based on the results of the investigations at the site, the interim remedial measures and post-IRM screening that have been performed, the NYSDEC is proposing No Further Action as the remedy for the site…Periodic site inspections and reporting, which include additional removals of lead shot as needed, will ensure continued protection for the environment and public health.”

Note that this only impacts the part of the site that was donated to the city as parkland. A separate remediation plan has been crafted by Travis Hyde Properties as part of their plans to build 45 units of housing on the former factory site, the “Ithaca Falls Residences“. The completion of work on the city land would allow THP to put the finishing touches on their plan, and potentially move forward with their long-incubating housing proposal.

2. There was one detail that was initially missed when going over the failed candidacy of Lisa Bonniwell to the village of Lansing Board of Trustees. While her family’s housing development, the “Heights of Lansing”, has been in perpetual stall with only about 22 of the 80 units built since approval in 2005 (and the last townhouses in 2011-12, shown above), they do plan to start work on another “six-plex” string of luxury townhouses this year – Bonniwell cast blame on the gas moratorium for the holdup. Gives them something else to focus on after their lawsuit over the Park Grove Apartments re-zoning down the road, in which the courts decided in the village’s favor.

The existing units are 3 bedrooms, 2,297-2,400 SF and sell for about $350,000-375,000. Expect the next batch to be fairly similar, though with different exterior details – each string’s exterior finishes are unique.

3. Sticking with Lansing, the Cayuga Farms townhouses are planning some modest changes – the buildings will be smaller, which will allow 20% green space and the construction of a community clubhouse. There will still be 102 units with 3 bedrooms each, 1500-1800 SF, in the upper-middle (“premium”) market segment. The plan has been held up for years while trying to find appropriate ways to address wastewater/sewage, initially floating a pricey Orenco modular site-specific plan. However, with the likelihood of a sewer main being routed up North Triphammer Road in the near-future, that would render the sewage treatment issue a moot point and allow the already-approved project to move forward with permit requests.

4. Nothing too exciting with the local planning boards at the moment. The town of Ithaca is reviewing adjustments to the Westview subdivision that would allow homebuilder to have building permits open for more than two houses at any given time, and to allow him to build houses from different project phases (locations) so long as they have road frontage, sewer and water. Apparently the 2004 stipulations have created a headache with his newest home lots.

Meanwhile in Ulysses, the town planning board will be reviewing plans for additions to the Taughannock Inn at 2030 Gorge Road. The rather whimsical structure designed by architect Jason Demarest would add a “gatehouse/stable”, with five guest rooms, a check-in area, a bar and dining space, ice cream parlor, tent space, reflecting pools and whatever else that makes it sort of romantic events center for weddings, banquets and reunions. The 1870s inn will receive a new cupola, and the projects needs several zoning variance and a noise law revisions so that they can create to 90 dB until 1:30 AM.

5. Lansing’s 1020 Craft Road was picked up by an LLC tied to a construction company out of Endicott for $615,000 back in April, so that was was a strong indicator that something was planned. That plan looks like a gut renovation and 4,410 SF in additions, as well as a paved and landscaped parking lot. Pyramid Brokerage is already advertising professional office space in the 10,500 SF building, which was built around 1980 and used for manufacturing (sheet metal fabrication), and it was looking pretty run down by the time it was purchased. The lease is for $18.00/SF, with a minimum available space of 5,250 SF, which would be a pretty good sized office. Depending on the finishes though, it might have appeal for those looking for a suburban location with easy parking – CFCU’s headquarters is next door, and several other firms are housed in neighboring buildings.

6. The county released its report of potential tax foreclosures. The long story short is that if property taxes aren’t paid, the county may seize a property (courtesy says they give a couple warning first), which may then be sold by the county at auction to pay off the back taxes, or it may be given to a municipality if the community wants it, or it may be withheld completely if it is deemed to have special ecologic value (biodiversity, wetland, “Unique Natural Areas”, etc.)

There doesn’t appear to be anything too exciting in this year’s batch. The city almost got some prime waterfront real estate at a bargain price last year, but the owner was able to pay the tax bill before the city could claim it. This year, we see several rural properties that the county would like to put deed restrictions on for stream buffers and conservation options, a pair of industrial properties in Caroline and Dryden, and a handful of single-family homes around the area. Nothing that looks especially tempting to the ambitious, although there are a handful of individuals who scoop these properties up at auction and then market them at a much higher price (with some success).


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5 responses

5 06 2017
Kyle Steele

Hi Brian- Just wanted to shoot you a quick note. First off thanks for doing the blog. I enjoy reading it whenever it comes out. I thought you might be interested to know about a sale I just completed at 750 & 770 Cascadilla St. If you want to grab a beer or coffee sometime I’d be happy to get you the story, might be a good one for the voice as well.

Cheers!

Best regards,

*KYLE C. STEELE* NYS Licensed Associate Real Estate Broker

*Assistant Manager* RealtyUSA 710 Hancock St Ithaca, NY 14850 | 607-257-0800

Mobile: 607.342.2148 Email: kyle.steele@me.com

*www.KyleSteelePhotography.com*

*www.IthacaProperties.com*

________________________________________ STATEMENT OF CONFIDENTIALITY This electronic message may contain privileged or confidential information. If you are not the intended recipient of this e-mail, please delete it from your system and advise the sender. ________________________________________

On Mon, Jun 5, 2017 at 12:01 PM, Ithacating in Cornell Heights wrote:

> B. C. posted: ” 1. The Ithaca Gun site is almost in the clear, according > to the NYS Department of Environmental Conservation (DEC). The state is > proposing a “no further action” status for remediation of the Lake Street > site along Fall Creek gorge, where the factory m” >

5 06 2017
B. C.

Hi Kyle,

I am working on the Guthrie story at this moment. Depending on how the interview goes, I may still have questions. Feel free to drop by the Voice birthday party on Friday at Lot 10 and say hello!

7 06 2017
Steve

Hi Brian, the Trebloc parcel had a green construction fence put up yesterday. Any updates?

7 06 2017
B. C.

Hi Steve,
Newman Development is starting site prep for their City Centre project. Final approvals were granted, the tax abatement was approved, and financing has been secured. A full update will come as work gets underway – not sure if June will qualify, but August definitely will.

7 06 2017
Steve

Thanks, Brian. Looking forward to following the progress.

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