City Centre Construction Update, 3/2019

24 03 2019

All of City Centre’s retail occupants have been identified – The Ale House, Collegetown Bagels and Chase Bank. Although two of three are cannibalizing other Downtown locations, the move comes with some benefits – it’s an expansion for CTB and the Ale House, and the Ale House is expecting to add 20 jobs, and CTB will likely add a few new positions as well. Chase is totally new, and if the average bank branch is 2,000 SF and 6.5 staff, it seems safe to assume that a 5,357 SF branch/regional office is probably 12-15 staff. Ithaca’s own HOLT Architects is engaged in some minor building design work and Whitham Planning and Design is doing the landscaping (including the heat lamps, string lighting and fire pits), Saxton Sign Corporation of Auburn will make the signage, Trade Design Build of Ithaca and TPG Architecture of New York will flesh out the interiors, and East Hill’s Sedgwick Business Interiors will provide furnishings. Clicking here will allow you to scroll through the interior layouts for the retail spaces.

A glance at their Instagram suggests that as of a week ago, about 100 of the 192 apartment units have been reserved. There don’t appear to be any particular trends in the unit selection, an off-the-cuff suggests a similar occupancy rate for studios, one-bedroom and two-bedrooms, and there’s no strong preference in floors, though perhaps there’s a slight preference towards interior-facing units (I wouldn’t call it statistically significant). It appears they’re filling at a good clip now that graduate and professional students are making their commitments to Cornell (professional students, for example business/MBA and law/JD students, tend to be older and wealthier, and are one of the target markets for the project). If trends continue, the project will be in good shape for its June opening, with full retail occupancy and high residential occupancy, even at City Centre’s decidedly upmarket prices.

On the exterior, some of the Overly and Larson ACM metal panels have yet to be installed (mostly on the back./interior side), trim and exterior details are partially in place, and the ground level is still being built out with commercial doors and utility fixtures (garage doors for commercial deliveries, for example). The roof membrane doesn’t appear to be in place yet either. Overall, though, the exterior is substantially complete, and it looks like the will finish out over the next several weeks on schedule, which is a pretty big deal for a 218,000 SF $53 million project. Kudos to Purcell Construction and their subcontractors on that. Signage and landscaping will also go in this spring. I’m not big on the patterning of the metal panels (which looks like design by MS Paint), but it seems to be the go-to exterior material of choice.

Background information and the history of the project can be found here.

 


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 )

Connecting to %s




%d bloggers like this: