News Tidbits 2/26/2018: One, Two, Many Tweaks

26 02 2018

1. Let’s start off with some bad news. Than Lansing Star is reporting that developer Eric Goetzmann is in serious trouble. The village of Lansing Planning Board rejected his latest request for the Lansing Meadows senior housing component, which was to build twelve units on a fraction of the lot, and leave the rest vacant. Frankly, they liked the units, but the vacant and potentially saleable lot was too much for them to overlook. To be honest, they and the village Board of Trustees have been fairly accommodating to his other requests, but this seems to be the last straw, and they let him know it.

They will consider the latest revision, but only as a major revision, not as the minor change Goetzmann had hoped for. That means it will take months to go through the procedural review and vote. Meanwhile, the IDA has initiated legal action because Goetzmann failed to hold up his end of the deal they agreed to when he received his abatement back in 2011.

Some projects are successes. Some break even, some don’t turn out as well as hoped. But as Lansing Meadows goes, this is neigh close to a disaster.

2. On a more positive note, Lansing will be considering, coincidentally, another 12-unit townhouse project. Called “Triphammer Row”, the market-rate units are planned for the vacant rear portion of a Cornell-owned parcel at 2248 North Triphammer. This blog reported on the parcel in a news roundup back in July 2016, when it went up for sale:

“Hitting the market this week is a potential opportunity for the deep-pocketed investor/developer. The property is 2248 North Triphammer Road in the village of Lansing. The sale consists of two parcels totaling 3.42 acres – a 1.53 acre parcel with a 2,728 SF M&T Bank branch built in 1992 and holding a long-term triple-net (NNN) lease; the other, an undeveloped 1.89 acre parcel to the rear that the listing notes could be developed out into 13 housing units. The price for the pair is $2,125,000.”

The plan calls for roughly 1,350 SF units with ground-floor garages. They’re intended to be marketed towards seniors looking to downsize, and young families. The developer is Robert Poprawski, who runs a small hotel group (Snooze Hotels) in metro Fort Lauderdale, Florida. Poprawski is a 2005 Cornell graduate, so there’s the likely local connection.

The planning board is supportive, but the big issue will be the driveway – they would prefer the townhomes share Sevanna Park’s driveway. That’s tricky because Sevanna Park’s road is privately owned. Not impossible to make a deal, and it would likely have the village’s benediction, but it’ll take a little while to see if a deal can be made between Sevanna Park’s HOA and Poprawski (all things considered, given that a much larger retail/office building and parking lot could be built on the combined lots, 12 more homeowners doesn’t sound like a bad option).

The village is also reporting there are development plans for the balance of the Millcroft property (the 32-acre remainder of the parcel, once intended for luxury single-family homes, has been for sale for a while), and vacant 4.56-acre 9 Dart Drive. The Ramada Inn (correction: the new extended-stay hotel proposed behind the Ramada) and Target are the only businesses interested in buying their properties from the mall’s owner, and Bon-Ton’s on deathwatch. The town’s code and planning officer notes that if it weren’t for Namdar Realty buying the mall, it would have failed, which would have forced the remaining tenants out and turned the mall into a vacant husk, to say nothing of the property tax implications.

3. Let’s shift over to Dryden. It’s been rumored for a little while that 1061 Dryden, aka the “Evergreen Townhouses”, would be trying to shift towards a smaller footprint – here’s the plan. The approved proposal calls for 36 3-bedroom units, six strings of six units. The reduced size plan still has six strings of six units, but the middle four have been reduced to two-bedroom units. The total occupancy goes from 108 to 84, and the footprints have shrunk as bit. Old render at top, new renders at middle, new site plan at bottom with new footprints in red. HOLT Architects’ design is generally the same, though I have an armchair critique with the rear flanks of the strings – a window opening would do a lot for aesthetics, if the floor plans permit.

(You can check the town’s website for docs, but some webpages have been hacked and replaced with a phishing scam, so use caution).

According to Dryden town planner Ray Burger, the developer, Lansing businessman Gary Sloan, would like to start construction this summer. That would put these units on track for an opening in time for the 2019-2020 academic year (in other words, about 12-14 month constriction timeline).

4. Another project moving forward – 118 College Avenue in Collegetown. This is a Visum proposal to replace a five-bedroom house with a 5-unit, 28-bedroom apartment building. The project was approved by the city early last year. According to the advertisements on Zillow, rents are expected to be $1,200/person, plus utilities.

I asked Visum’s Patrick Braga to confirm, and he replied that building permits would be approved “any day now”, so they’re probably looking at an August 2018 opening. With regards to a follow-up inquiry about its near-identical twin planned for 126 College Avenue, Braga replied they he does not “have any information on the status” for that project.

5. The new Greenstar West End store. Maybe coming soon. According to the news release, if the membership approves the move, the new store would be open at 750 Cascadilla Street by November 2019. The expansion would more than double their floor space, and add sixty living-wage jobs. Membership will vote on the plan next month.

The above render is courtesy of STREAM Collaborative – even without their logo, their software relies on the same pack of white Priuses, Volvos, and Touraegs to fill parking spaces (my family of mechanics would be proud I use vehicle models as a telltale attribute). The design is attractive for a big box – it has shed roofs and exposed wood trusses that give it a warmer, less industrial appearance. For the record, STREAM also did 118 College Avenue in the previous tidbit.

6. Honda of Ithaca has been sold to the Maguires for $3.5 million. The sale was recorded with the county clerk on the 20th. The acquisition means that Maguire represents just about every major vehicle make in the Ithaca area. It also drew some impassioned responses regarding customer service experiences, which given Maguire’s very visible presence, is not to be unexpected.

According to county records, the 27,558 SF dealership was built in 1985 as Cutting Motors Buick-Pontiac-GMC, and sold for $1.8 million in 2009. It was renovated and expanded in 2012; the portion closest to Elmira Road is the expansion space.

7. The Lambrou family’s latest project is coming along. Being built at 123 Eddy is a contextually-sensitive two-family home at 123 Eddy Street. While modular, the home was designed to have features respectful to its location in the East Hill Historic District – this includes a double-decker porch, roof brackets, shake siding and decorative columns and railings. The new three-bedroom units should be ready in time for the 2018-19 academic year.

8. Quick note – building permits for both the Amici House residential and head start/daycare buildings have been filed and granted by the city. The Harriet Giannellis Childcare Center’s hard costs are estimated at $1,267,479, while the 23-unit residential portion’s hard costs are estimated at $3,627,333. Welliver will be the general contractor.

9. Looks like a pretty quite planning board agenda for this month. A pair of new projects, but they’re small ones. Let’s have a look:

I. Agenda Review 6:00

II. Privilege of the Floor 6:05

III.A. Stewart Park Inclusive Playground 6:15

B. College Townhouses – Modified Site Plan approval 6:35

C. Proposed U-Haul Self-Storage Project – Sketch Plan 7:10

Although vague, this is like for the former Salvation Army property at 339 Elmira Road. U-Haul purchased the lot in January 2016 from the development group that planned and cancelled a hotel for the property. As noted on the Voice recently, there’s been a building boom in self-storage facilities lately.

The most plausible guess for this corporate-owned property is that this will likely take after the chain’s default design for self-storage facilities, with maybe some modest aesthetic differences. Not especially pretty, but the city would probably prefer that over a parking lot for U-Haul trucks.

D. Proposed duplex and parking – 207 and 209 First Street 7:30

207 and 209 are a pair of run-down rental two-family homes in Ithaca’s Northside. After the previous owner passed away, they were sold to local businessman David Barken in June 2017. Barken previously caused a stir in Fall Creek when he bought, renovated and sold a Utica Street home for a much higher price (he said on the list-serve it wasn’t intended to be a flip, it was intended for a family member who decided to live elsewhere). Barken purchased the home for $160,000 in September 2016, and it sold for $399,500 in June 2017. He also rents out a couple other units in Fall Creek.

EDIT 3/8: Rather than a tear-down and replacement, the scope of the project appears to be that the homes would be renovated, and a new duplex would be built towards the rear of the lots. Per email after the meeting from David Barken:

“While in its beginning phases and still taking shape, I have no intention to tear down the existing homes. Instead, I plan to steadily improve these properties, working on both the exteriors and interiors as the planning phases for any future project moves forward.

Rather than de-densification, my aim is to add more fair market rate, non-student housing to the downtown market and add to urban density in our city’s core. I am designing the site for a total of 6 apartments, with an emphasis toward communal interaction, landscaping, and urban gardening. I envision a pocket community for renters, complete with the 4 renovated units in the front of the lot and an additional duplex placed in the rear of the parcel.”

IV. Old/New Business 8:00

A. Chainworks FGEIS

B. Planning Board Report Regarding the Proposed Local Historic Landmark Designation of 311 College Avenue – The Number Nine Fire Station

6. Reports 8:20

7. Approval of Minutes (1/23 and 1/30) 8:40

8. Adjournment





News Tidbits 1/27/18: The Shutterbug

28 01 2018

1. Let’s do some houses of the week. Above, the four new homes Tiny Timber has constructed at 1624 Ellis Hollow Road in Dryden. Each home lot is a little over an acre. The subdivision was approved last spring for the wooded parcel a couple miles east of Ithaca, and since then, Tiny Timbers has been busy selling units and lots to buyers. Two were sold in August, one in September, and the last in December. Therefore, this is 100% built out, since the last lot is a conservation lot at the rear (north) end of the property, designed to protect Cascadilla Creek. The units utilize a shared driveway, with spurs for each home. If you want to look at the homes more closely, click to enlarge the photos.

A similar plan is underway just up the road at 1540 Ellis Hollow Road, where Tiny Timbers will take a long, narrow undeveloped property and subdivide the land into five home lots and a rear (north) lot protected by a conservation easement. These homes will also be served by a common driveway. This proposal is still going through the review process, and when approved, the time frame for build-out will probably be similar. The home designs are the work of local architecture firm STREAM Collaborative.

2. Over in the village of Lansing, work has started on the next six-unit (hexplex?) at the Heights of Lansing property off of Bomax Drive. It appears that the foundation slab and footers have been formed, poured and insulated with foam boards. This is the first new townhouse string to be built in the development in six years.

Several reasons have been given for the long pause. The developers have said that the natural gas moratorium disrupted and delayed build-out plans. Secondly, the patriarch of Forest City Realty/IJ Construction, Ivar Jonson, passed away in 2014. More recently, the Jonson family (his wife Janet and daughter Lisa Bonniwell) were embroiled in a lawsuit to prevent a zoning change that would allow a market-rate apartment complex to be built down the road. Bonniwell was incensed enough to run for mayor in 2017 in an effort to stop the proposal, but did not win the election. The zoning change has been approved and the apartments were approved in October, but the Park Grove project has yet to move forward.

The townhouses were approved along with the last single-family home permit; there were some rather testy exchanges regarding sewer line easements and the installation of street lighting in conjunction with those permits. The lighting has to be in by March 2019.

Assuming these are like the other townhouses, expect them to be 3-bedroom units, low 2000s SF with garages, and to go for $350-$450k when they’re finished several months from now.

3. Dryden’s new Rite Aid is coming along. Fully framed, and the plastic in the window openings is likely intended to allow construction crews to work indoors without exposure to the fierce winter elements. The curbing and paving is complete in the parking lot, and it looks like they install metal bollards all around the lot’s perimeter to keep the less-than-attentive from driving into the wall (something that happened to the Nice N’ Easy in my hometown no less than three times before they finally put some in). It is still planned to open in March.

4. Over in Fall Creek, it appears a small apartment building is in line for some major renovations. 1002 North Aurora, a four-unit building built in 1898, had been on the market for $395,000. The seller had owned the property for 24 years, and the price was only slightly above the assessed value of $375,000.

On Friday, the property sold for $400,000 to an LLC associated with local developer Modern Living Rentals (Charlie O’Connor et al.). The same day, a building loan agreement was filed from Tioga State Bank to the LLC for $712,000. A lot of that was going towards the land acquisition, and once soft costs are deducted as well, the loan is $287,000.

MLR tends to be very transparent about their plans, and a glance at their recently updated website shows the purchase and a ‘information on this project coming soon’. However, they already uploaded the interior renovation plans from STREAM Collaborative. It’s a very thorough interior renovation, and it appears to complete change interior floor plans, with new bedrooms (net gain of one?) as well as new kitchens, bathrooms, and fire rated ceilings. Exterior changes appear to include a renovated fire escape staircase, a couple new windows on the third (top) floor), and a new skylight. While old, this apartment building is a hodge-podge of additions from decades past, so let’s see what a renovation can do to clean things up. It’s plausible the renovations would be complete by August, so they can appeal to students as well as the general market.

Quick aside, MLR has a few other “future developments” posted, though none that readers here aren’t already aware of – the 42 townhouse units at 802 Dryden, the proposed 201 North Aurora / Seneca Flats that isn’t moving forward for a while yet, and 217 Columbia, the duplex that unintentionally set South Hill into an uproar. 217 Columbia should be completed this year, and 802 Dryden in summer 2019.

5. It looks like Amici House is finally moving forward. The project, located at 661-701 Spencer Road, received a $3,732,469 loan from the New York State Homeless Housing and Assistance Corporation. The money was announced back in April, and appears to be getting disbursed now.

The five-story, 20,710 SF (square-foot) project, approved by the city of Ithaca last January, calls for 23 studio housing units for homeless or vulnerable young individuals in the 18-25 age range. Along with the units and office/function space for local social services non-profit TCAction, the plan also calls for a 7,010 SF early heard start facility, called the “Harriet Gianellis Childcare Center”, that will house five classrooms, kitchen and restrooms, and an outdoor play area. The childcare facility will serve 48 low-to-moderate income families and create up to 21 jobs.

Recently, the HGCC applied for a low-interest loan from the IURA, $90,690 to help cover unanticipated moving expenses associated with the project. TCAction thought they could stay on-site during construction, but the contractor said otherwise, so they’ll be 609 W. Clinton while the new Amici House is built. The loan says it will generate three jobs, but that’s more a technical stipulation than an actual figure associated with the project. The funding for the childcare appears to be separate, $1,325,000 already approved by the state, $603,000 from M&T Bank, and $84,200 from a standing IURA loan. It is fully funded, although it is not completely clear if it will be built concurrently with the housing (the likely answer is yes).





Ithaka Terraces Construction Update, 1/2018

26 01 2018

Not much to add here beyond the blurb in the Voice roundup. The Ithaka Terraces are likely to be finished this spring. There is nothing public regarding any sales figures for the ten 2-bedroom and two 3-bedroom units. I’m not sure if another visit is necessary, though maybe if they set up a model unit and don’t mind a nosy blogger, there will be one last photo set.

There’s a lot to like here. As condominiums, they provide an opportunity for home ownership in a city increasing occupied by rentals. With any hope, they’ll be a sales success and encourage other projects to follow suit with their own plans. It’s infill on an fire-destroyed vacant lot, it’s an attractive design, the net-zero energy arrangement is highly appealing from a sustainability perspective, and it’s a few million dollars of property back on the tax rolls (the destroyed property was repossessed by the county, transferred to the city and sold in a competitive bidding process; the first call for proposals attempted to earmark as affordable housing only, but no one submitted bids).

If there any criticism to levy here, it’s not necessarily an issue with just this project, but I’ve had emails calling it gentrification and ‘luxury housing that Ithaca doesn’t need’. But if people are buying here, then they aren’t buying another city property and potentially outbidding someone with fewer dollars to spend. A little additional supply to take pressure taken off the market is welcome. As noted above, the city tried to sell the lot for affordable housing, but it didn’t pan out (not unlike the issues with 402 South Cayuga Street a block away). Additionally, this project is fully taxed, the project team did not seek abatements.

The condos are the work of PPM Homes (Ed Cope), with technical assistance from T.G. Miller P.C. and Taitem Engineering, architectural design work curtesy of STREAM Collaborative, and off-site solar panel installation courtesy of Renovus Solar.

 





News Tidbits 12/2/17: The Changing Calculus

3 12 2017

1. Perhaps the big news of the week is that Visum Development Group’s project for 311 College Avenue (the Nines restaurant and Bar) was revived after negotiations with the seller moved in a favorable direction. This time around, it appears that Visum is bringing something close to an “A” game proposal; Jagat Sharma is still the architect of record, but Visum’s VP for New Market Development, Patrick Braga, had a heavy hand in the design work and historical research. The designs produced are more historically inspired and embrace some of the elements that make the old fire station attractive to the public – the first floor doors will pull up like garage bays or slide open to create a sort of open-air loggia on warm days, and a cornice element is retained. Floor to roof will be about 66 feet according to the Times’ Matt Butler, and still contain about 50 1-bedroom and studio apartments as well as 750 SF of retail. For the record, he and I did a bit of collaboration on describing the architectural features before we ran our respective stories.

The sketch plan had a kinder reception from the Planning Board this time around, if still cautious. Even though John Schroeder made it clear he would never accept any plan for The Nines, he said something to the effect of, if this design were proposed for any other MU-2 in Collegetown, he would have no problems with it whatsoever. The rest of the board did a quick poll to see if the other members would at least entertain a proposal, and no one else said no, so the project is considered active.

Now, things can get a little awkward from here. The city planning director, JoAnn Cornish, made it clear that they could move forward with design if they want, but there’s a risk that the property may get landmarked before they get approval. Speaking with the city historic preservation director Bryan McCracken the day after the article, he said that a decision on whether or not to move forward with the landmarking process would be on the agenda for the ILPC’s December meeting. If they move forward, it still has to go to Common Council. I had previously heard through the grapevine that the council was favorable to landmarking in the case of the Nines, but that was before Visum brought forward a new plan. The truth is, things are fairly unpredictable at the moment, and it’s a matter of waiting and watching how different stakeholders act and react.

2. I like Matt Butler, he has time to do the stories that I can’t. This time, a look into the plans for a centralized government facility at the site of the Central Fire Station on the 300 Block of West Green Street. That study is still active, under the guidance of Kingsbury Architecture and TWMLA, as is the second study for a combined Public Works facility. The appraisal process and estimates of cost are also still underway.

It’s kinda a given that this would have tremendous impacts, as noted in the Voice. A lucrative Collegetown site and other redevelopment sites would be on the market, and hundreds of workers and daily visitors would extend Ithaca’s core down State Street, which the city wants, considering it to be one of the few directions downtown can expand towards without compromising too much of Ithaca’s existing urban fabric. The ILPC would need to sign off on plans due to the fire station’s proximity to the “Downtown West” historic district (it actually contains the IFD’s parking lot for the sake of contiguous parcels), so “super-edgy hypermodern” probably isn’t on the table design-wise. The city also has to make a decision relatively soon – the current city hall (former NYSEG HQ, built 1939) and “Hall of Justice” (1920s, renovated/expanded 1964-66) are in need of major renovations.

3. Also on the visionary end of discussion are future plans (2020 onward) for Collegetown’s transit network. Here, it is often a delicate case of balance; it’s a dense, lucrative secondary core of the city, but parking and traffic are problems, as is the lack of infrastructure for pedestrians and bicyclists. One option being explored is a new bike lane up College Avenue that would eliminate 35 parking spaces (and was not well received), and the other is a more modest plan that largely keeps College Avenue as is, which many didn’t like either.

Perhaps the most interesting note from the article is that the city is examining the feasibility of expanding the Dryden Road garage by adding additional floors to the 1980s structure. The Dryden Road garage has the highest parking rates and a high occupancy, and is the most lucrative of the city’s four garages. The city is also looking at incentives for on-site parking, which to be honest, probably isn’t going to work in Collegetown for a number of planning and financial reasons (i.e. a developer will make a lot more from a rentable unit per SF, than from a parking space per SF).

4. Nothing much of note from the town of Ithaca Planning Board agenda. The owners of a former convenience store at 614 Elmira Road are seeking to perform minor renovations to the building for a bottle and can return (to be called IthaCAN & Bottle Return), and Maplewood is asking the town planning board permission to work on Saturdays in a mad dash to have the 872-bed complex ready for occupancy before August. Normally, renovations don’t need to visit the board, but the zoning for the Elmira Road requires a visit for each change of occupancy/use.

The city of Ithaca’s Planning Board memo is short as well, just the long-brewing plans for a garage-replacing addition to 115 The Knoll in Cornell Heights. The 1950s garage will be replaced with a 4-bed, 2-bath addition for Chesterton House, an all-male Christian interest group Sophia House, an all-female Christian group.  It appears the design has changed very little if at all since the plan first became public in May. The $349,900 addition, designed by STREAM Collaborative, would be built in the Spring and Summer of 2018 for an August opening. (Correction: Chesterton House is next door and owned by the same group. The project is for Sophia House. Thanks to Lyn for catching that.)

5. Local developers Steve Flash and Anne Chernish (d/b/a Rampart Real LLC) will be taking on a partner in the 323 Taughannock project. The couple sold a $203,000 stake in the 8-townhouse plan to Arnot Realty of Elmira (d/b/a 323T LLC) on the 22nd. For Flash and Chernish, it gives them a much bigger partner with experience and connections to contractors; for Arnot, it gives them a toehold in the buregoning Ithaca market, their first step into the city. The deed explicitly states this is a joint venture.

6. So this is interesting. On Friday 12/1, an LLC purchased an industrial/office building at 37-40 Elm Street in Dryden for $260,000. The property was built in the late 1980s and is about 25,000 SF, with a warehouse, manufacturing space, office space and three apartments.

The buyer was an LLC, but the LLC filing address traces back to 312 Fourth Street in Ithaca, a 13,800 SF complex of buildings and warehouses home to the All Stone & Tile Company, Ithaca Ice and Strawbridge & Jahn Construction. So either someone is growing out of space and the others are staying, or they are all moving. If they are all moving, that could be an opportunity. Zoning is B-4,  which allows a very wide variety of business and residential uses. Zoning is 4 floors/40 feet maximum height, 50% lot coverage, but being on the tip of the Waterfront/West End corridor, my suspicion is that the city could be a bit flexible with zoning variances for density and/or affordable housing. The only places one finds B-4 zones are the fringes of downtown, so it’s not well-suited for big projects, but there’s room to explore options. Of course, the electrical substation next door isn’t ideal, and the property isn’t even up for sale, but this is worth keeping an eye on.

7. So, there’s no real avoiding it this week – the tax bill in Congress. It really hurts Tompkins County. I did my one and only tweetstorm to cover some of the issues, and most of it still holds. Two last-minute changes softened the blow between then and now. One was the inclusion of the Collins amendment to reinstate a $10,000 cap on SALT (State and Local property tax) deductions, since the original Senate bill had no deduction. The other was raising the endowment from colleges with an endowment of $250,000/student, to those with $500,000/student. Cornell’s is about $310,000/student (6.8 billion/22,300 students). For the record, it wasn’t done to protect Cornell, it was done to protect conservative Hillsdale College after an amendment to give it an exclusive exemption failed. At least 30 schools were still hit, and this detail has to reconciled with the House Bill’s $250,000/student figure.

So apart from the SALT and college impacts I had already noted, one thing that got missed was that the bills allow prohibit schools from taxing out tax-exempt bonds to fund construction. For Cornell’s plan to add 2,000 beds, this is a problem.

So let’s just overview this real quick – a bond is a fixed-income investment in which an investor loans money to an entity, which borrows at a fixed or variable interest rate for a fixed period of time. When you buy a bond, you hold the debt for that entity. Most investors typically have some proportion of bonds in their portfolio – they typically are more stable investments than stocks, though the returns are typically less. Their relative safety is why financial planners recommend a higher proportion of bonds as one gets closer to retirement. The riskiness of a debtor not paying back is given by their bond rating. Cornell’s long-term debt rating is AA, which is very good, high-quality investment grade.

Now, in the case of non-profit schools, typically the tax-exempt bonds are issued with the approval of local and state authorities. The project to be financed by the bonds is determined by the school. The school does its internal approval of the project and bond plan, and the project it goes up to the community for planning board/environmental review. Once approved, the school chooses an approved issuer of bonds, often a state or local development authority (ex. The Dormitory Authority of NYS). A working group is put together to establish a timetable and structure for the bonds, and once the bond structure is settled and reviewed for issues, a public hearing is held on the bond issue, so that any issues or concerns are made clear before issuance. Barring no problems, the government signs off on the tax-exemption for the bond issue, a closing date is established and the bonds are marketed and sold, mostly to banks and big investment firms. The received funds are disbursed to pay for the project.

That’s getting taken away by this tax bill. That means any future bonds will be taxable, and have a much higher interest rate. Borrowing just became more expensive. A 30-year AA tax-exempt bond might be 2.76%, and a taxable bond 3.37%. That might seem a small difference, but a 2,000 bed project is on the order of $200 million (recall Maplewood is 872 beds and $80 million). So we’re talking millions of dollars more that Cornell will now have to pay to make those dorms happen. It opens up a distinct possibility that the project could be scaled back and/or delayed, which impacts the overall housing market. Probably the federal SALT tax cap is going to hurt much more.

Really, this bill was practically designed to decimate real and perceived enemies of politically conservative groups as much as it was designed to help billionaire donors and corporations. Poorly conceived, ignoring multiple non-partisan analyses and relying on overly optimistic projections, hastily put together and shoved through, blowing the debt trillions higher and immediately or eventually raising taxes on tens of millions. This is every cartoonish stereotype of Republicans amplified in one piece of legislation.

I don’t like to get political, but I’m a registered Republican, and have been my whole life. As a pragmatic never-Trump moderate, I joke that I’m a New York Republican and a Texas Democrat. When one writes about government red tape, the Cargill Mine, and Ithaca’s progressives attacking affordable housing, it tends to reaffirm beliefs.

But hell, this tax bill is throwing every principle out the window with this bill, causes a ton of damage to a place I care about, and with a morally deficient and unstable president at the helm, I can’t do it anymore. I mailed off the form today to become an independent. After this, I just can’t see myself voting Republican again, not for a long time.

 





Ithaka Terraces Construction Update, 11/2017

23 11 2017

These are turning out quite nice. Building “A” is practically complete from the outside. The plant boxes outside the windows have even been stocked with small ornamentals. About the only thing left are the exterior finishes on the front facade columns. Building “C”, the smaller building to its east, is also nearly finished from the outside. I suspect the wiring coming out of Building “C” just above the parking area is for electric car charging stations.

Building “B”, the other large condo structure, is fully encased in plastic sheeting and wood ribbing. Stucco generally needs to be applied in dry, temperate weather conditions, above 40 F at a minimum. Given Ithaca Novembers, that means McPherson Builder has basically turned the building into a dry, heated bubble so that can apply the stucco properly. Building “D” is still being roofed, and is just getting its windows fitted. It looks like the scratch coat for the stucco is being applied over the water barrier, and the brown coat and the finish coat will come later, meaning that “D” will eventually be bubbled in as well.

Most of the concrete curbs and steps have been formed, poured and cured at this point. The grand staircase will make for a nice shortcut from South Cayuga Street to West Spencer Street.

The marketing material appears to be using the phrase “Arriving here is what you are destined for“. Tje website doesn’t indicate how many of the twelve units are spoken for (if any; the project is in the soft marketing stage, where they’re accepting inquiries but there aren’t any formal real estate listings). The two-bedroom and three-bedroom units go for $299-$434k, depending on size and location.





Ithaka Terraces Construction Update, 9/2017

3 10 2017

So we have a rule at the Voice not to publish the press releases of private for-profit entities unless they add something to an article. They don’t get published as standalones, if at all. From a pragmatic standpoint, giving a for-profit free advertising at our expense doesn’t make good financial sense, and it leads to questions about our integrity.

But, they still come in, filed away in case they come in handy at some point. That was the case here for the press release sent along by Brous Consulting’s Kevin Doubleday for the Ithaka Terraces project back on September 11th:

***

For Immediate Release: September 11th, 2017

Contact: Kyle Waller at 607-272-1765 or office@ppmhomes.com.

ITHAKA TERRACES CONDOMINIUM PROJECT GAINS APPROVALS NEEDED TO PROVIDE FIRST CONDOS AND FIRST NET-ZERO PROPERTY IN DOWNTOWN ITHACA

Ithaka Terraces is a new sustainable luxury condominium complex in downtown Ithaca, currently under construction at 215 West Spencer Street. Scheduled to open in Fall 2017, the Terraces are destined to be the region’s first net-zero condominium complex. The property is currently undergoing last-stage developments with units now available for sale through locally owned and operated PPM Homes. The project is also one of only a few condominium projects to be built in the area since the most recent recession.

The twelve unique units, inspired by colorful Greek cliffside architecture, thus the Ithaka name, range in size from a single story, 1005 square feet flat up to a two-story townhouse, 1520 square feet and boast high-end amenities including hardwood and tile flooring, luxury finishes, and a host of energy-saving appliances. Units start at $299,000.

Combining cutting edge green technology with a walkable location, a car-free or car-light lifestyle is easily attainable. The motivation to build Ithaka Terraces came from the developer’s desire to provide the maximum possible state-of-the-art sustainable living with the highest emphasis on achieving net-zero energy. Hence, no costs were spared to find and take advantage of opportunities in the design and building process to incorporate the most advanced sustainable techniques. The potential for reduced energy use is in place in these condominiums, making the inhabitants able to maintain one of the lowest environmental impacts and costs possible anywhere with a fantastic and active quality of life.

Ithaka Terraces strives to incorporate the most sustainable construction methods and living technology. This includes the use of air-source heat pumps, conduction ranges, LED lighting, electric water heaters, Low-E windows, super-insulated walls and roofs, smart temperature monitoring devices, and other energy-saving devices.

Further green features are available for even greater sustainable living at the Terraces, including charging stations for electric vehicles and at least six Ithaca Carshare vehicles stationed within walking distance. Transportation for the average household is likely to use more energy than the home itself. The Terrace’s convenient location makes it simple to reduce transportation energy use significantly by allowing cars to be an option rather than a necessity for the vast majority of trips.

Because of recent net-metering laws passed by New York State, off-site solar power can be provided to homes in cities from solar arrays outside the city, which makes net-zero living possible. All the energy used at Ithaka Terraces will be provided by solar power from PPM Homes’ 225 kw (835 panels) solar farm about 15 miles east of Ithaca.

Ed Cope, owner of PPM Homes and team leader of the Ithaka Terraces team, has been active in environmental and sustainability causes for forty years.  He started an environmental center in Indiana 25 years ago and he and his family live off grid, using power only from renewable energy (solar panels and some wind).  He started Energy Independent Caroline as part of his early efforts to switch the Caroline town government to renewable energy for its power use.  

One of his apartment buildings on South Hill was the first commercial roof-top solar installation in Ithaca. Ed has strived to build housing units so energy efficient that their entire energy use can come from his small solar farm outside Ithaca; truly net-zero energy. Additional team members include Stream Collaborative, Taitem Engineering, Renovus Solar, and TG Miller and Associates. The project is being managed by Kyle Waller at PPM homes.

For more information on Ithaka Terraces, you can visit: www.ithakaterraces.com or contact Kyle Waller at 272-1765 or office@pphomes.com.

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It looks like they might be doing soft marketing of the units, with a brochure up and inquiries allowed, but no formal listings up yet. The Ithaka Terraces website states that prices will be in the $299,000-$434,000 range, a ~10% jump from previous estimates. Units range in size from 1,005 SF to 1,520 SF. Ten are two-bedroom units, two are three-bedroom units.

Buildings A and C look like they’re getting the scratch coat for its stucco finish, while B is still ZIP panels and waterproofed covers. Framing is still underway for Building D, which started much later than the other three.offhand, I think the shingles are from one of Certaineed’s designer series, here in Cottage Red. The formwork along the east side/upper slope may be for a concrete retaining wall that will hold the hill back from the parking area.





Ithaka Terraces Construction Update, 7/2017

21 07 2017

Some more progress on the Ithaka Terraces condo project at 215-221 West Spencer Street. Buildings “A” and “B” have had their porches built out and sheathed, with some of the decorative columns are in place (the architecture, penned by STREAM Collaborative, is supposed to take design curs from traditional Greek/Mediterranean hillside structures). The white coating visible from the uphill photos is the water-resistive barrier over which the stucco will be laid. Building “C” is framed and sheathed, but the roof isn’t fully shingled and many of the windows and doors have yet to be fitted. Long-awaited Building “D” has finally started construction, with excavation underway and some foundation forms in place. The grand central stairway is beginning to take shape. From what I was told by developer Ed Cope (PPM Homes), the model unit should be unveiled in the next few weeks.

The website has been updated to take inquiries, with unit sizes ranging from a 1,005 SF 2-bed, 2-bath, unit, to a 3-bedroom, 3-bath 1520 SF unit (3 bathrooms? For the family that hates sharing sinks and showers?). Nothing on the website states pricing, which was previously estimated in the $265k-$390k range.

Side note, I dropped by 413 West Seneca Street and 109 North Corn Street, a pair of projects Ed Cope is doing in Ithaca’s State Street corridor. Nothing to report yet.