107 South Albany Street Construction Update, 2/2018

20 02 2018

The wood frame for the eleven-unit 107 South Albany Street project is now up to the second floor. ZIP panel sheathing has started to be attached and interior stud walls have been erected. It does not appear utilities rough-ins have started on the ground floor yet.

The project recently underwent a last-second but substantial design change. It doesn’t affect the interior square footage (something that would have sent it back to the Planning Board), but the aesthetic have changed up quite a bit.  The tall mid-building stair column and flat roof with cornice have been ditched in favor of a less prominent stairwell with a small gable, and a large hipped roof. The fenestration and ground floor details remain largely the same. Before and after renders are at the bottom of this post.

Marketing for the eleven one-bedroom units has started, with units starting at $1,395/month – pricey, but not Collegetown pricey. The advertisement for a “luxury unit” reads as such:

“Brand new luxury 1 bedroom apartment in Ithaca’s newest development available August 1, 2018. One block from the Ithaca Commons and a bus stop with multiple routes at your door.

The Unit:
– Is beautifully furnished
– Boasts high end finishes throughout including: custom cabinetry, quartz counter-tops, stainless appliances and a beautiful tiled bath.
– Has laundry in building
– Includes indoor bike storage
– Water, high speed internet, common area maintenance and snow removal included in this professionally managed 11-unit building

The exterior, with cornice and orthodox windows are additional architecturally designed items that add to the beauty of the building. No detail has been overlooked. A must see as downtown Ithaca continues to grow. Photos are from other recent projects and are for illustrative purposes. They represent the types of finishes you will find within apartment.”

It’s a bit of a risk, since the real estate waters are generally untested west of Ithaca’s downtown, although a couple other small projects are planned along the State Street Corridor. Long-time residents also worry about gentrification encroaching on the edge of the Southside neighborhood. However, city planners are pushing development westward from the downtown core, and the possibility of a government center on the Central Fire Station site a block away means that there may soon be a large employer practically at its doorstep. The Facebook ads are pitched with an eye to students, but that seems a stretch; even with the buses, this is a bit too far out for many Cornell or Ithaca College kids to consider, and it’s double the per bedroom price of shared South Hill, Fall Creek or outer Collegetown units.

The developers, the Stavropoulos family, don’t seem especially inclined towards any one neighborhood. Previous projects include a pair of duplexes in Fall Creek, a new home on Linn Street, and home additions on South Hill. The Stavropoulos family’s next project after this would potentially be the duplex pair at 209 Hudson Street on South Hill, if approvals are granted. Arguably, South Hill is a safer bet financially thanks to Ithaca College, though becoming less amenable due to the concerns from permanent residents regarding quality-of-life manners, which has led to a new zoning overlay to rein in infill in that neighborhood.


Actions

Information

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s




%d bloggers like this: