Poet’s Landing Phase II Construction Update, 9/2017

1 10 2017

It looks like the first units are coming onto the market. Conifer Realty has the application up for the first apartments, as do third-party websites like apartments.com. Oddly enough, the apartment.com listing says 16 3-bedroom, 16 2-bedroom and 16 1-bedroom units. This is incorrect. There are 8 3-bedroom, 16 2-bedroom, and 24 1-bedroom units. One can tell from sight alone because Conifer uses the same three building plans in all of its suburban apartment clusters. One design consists of eight 3-bedroom units, the second design is eight two-bedroom units, and the last design is eight one-bedroom units. For units on each floor, mirroring each other in layout. Keeps things simple and materials costs down.

Keeping with the blog-only nomenclature, buildings “A” and “B”, the two that are basically complete from the outside, are the one bedroom-units. “C”, “D” and “E”, which are receiving exterior lighting rigs, trim and architectural features like balconies and patios, are the 2-bedroom clusters. Building “F”, which is still at the housewrap stage and the building that is least furthest along, is the three-bedroom cluster. For proof, consider the building that was badly damaged in this summer’s fire – it was reported that 31 people were left homeless. That would most likely imply it was the three-bedroom design, which would have 24 bedrooms.

The general rule of thumb is one person for bedroom for basic planning purposes. Affordable housing family units, for whom these three-bedroom apartments are intended, may average more than that because of income guidelines, and that two adults or multiple children may share a bedroom. Likewise, on the other end of the scale, properties with empty nesters or more affluent owners/renters may have numbers average less than one person per bedroom due to guest bedrooms, or conversion of bedrooms to home offices or hobby rooms. Owner-occupied single family homes often fall in this category, where the typical home is three bedrooms, but the average owner-occupied household size is 2.5. There are a number of companies dedicated to studying the number of people likely to live in a unit based off its location, size and intended market, and applying those figures to calculations like the number of students expected to be added to a district, or the number of car trips generated.

Curbing has been laid, the parking lot is paved and striped, streetlamps are in place and the concrete sidewalk is being poured. The process to build sidewalks is pretty similar to the work for foundations – excavate the path, build the formwork to keep the concrete in place as it cures, lay down some steel rebar to provide additional strength to the concrete, pour, level and smooth, and run a finishing trowel to create an edge so that the concrete has an expansion joint to help expand and contract without cracking the sidewalk. The steel plugs are to keep the forms in place.

The building that was damaged by fire is under reconstruction. The east wing was destroyed by the flames and was torn down. The only thing being reused for those four units is the slab foundation. The four west wing units were salvageable, but they did need an extensive renovation. Damaged trim and siding sections will be replaced, and on the inside, drywall damaged by water has been removed and new sheets are being hung. It looks like some of the appliances were saved; peering through the windows, a refrigerator was sitting in the middle of the floor in an upstairs unit. Closer to the fire, it’s more of a gur renovation, with only portions of the exterior salvaged, while the inside is replaced from the stud walls out. Taking a guess for the typical construction length of units so far, the renovated and rebuilt units probably won’t be ready for tenants for another five to six months.

According to the advertisement on Conifer’s website, amenities and feature include

Dishwasher
Garbage disposal
Wall to wall carpeting
Patio or balcony available
Walk-in closets
Discounted cable package
Central air conditioning
Smart card laundry center
Fully equipped Fitness room
Computer lab
Clubhouse with great room
Controlled building access
Key fob hardware
Professional on-site management
24 hour maintenance
Ample parking
Beautifully landscaped grounds
Accessible for people with disabilities
Close to shopping, schools & medical facilities

1-bedroom units are 716 SF, 2-bedroom units are 950 SF, and 3-bedroom units are 1,150 SF. Lease are 12 months with a month’s rent as security deposit. Three units will be adapted for mobility-impaired residents, and a fourth unit will be adapted to individuals who are hearing or vision-impaired.

According to a filing with the state as part of the grant application, the gross rents (rent plus utilities) will range from $724 to $1,070 a month, to be occupied by households with incomes 50% to 60% of area median income.

2017 AMI in Tompkins County is $53,000 for a single person, and $60,500 for a two-person household, and $68,100 for a three-person household. Therefore, the income limits are $26,500-$31,800 for a single person, $30,250-$36,300 for a two-person household, and $34,050-$40,860 for a three-person household.

Conifer and contractor partner LeChase Construction will be delivering the $10.8 million project over the next few months, and that should wrap up Conifer’s Ithaca work for the time being. The programmatically similar Milton Meadows project in Lansing is being developed by a competitor, Cornerstone Group. The two firms’ Rochester headquarters are about six miles apart; their apartment projects are about twelve miles apart.


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