107 South Albany Street Construction Update, 9/2018

3 10 2018

I briefly touched on this in the Voice write-up, but a Certificate of Occupancy doesn’t require a property to be finished with construction work – only that it be safe for tenants and meeting codes and standards, meaning utilities are on, interiors are complete to a satisfactory degree, and the exterior work poses no regular threat, neither outside of work hours or during the course of normal labor. It’s not uncommon to see this in Collegetown thanks to the hard deadline of student tenants (and the dread of paying for alternative accommodations if a CO can’t be obtained), but 107 South Albany is a rare case outside of the more student-heavy neighborhoods.

The lights are on and a glance through the common space window suggest that the building is largely complete on the inside. Clearly, work continues on the outside, with fiber cement boards going over the plywood sheathing (both George Pacific and Huber ZIP plywood sheathing varieties, some of which is covered with a Resisto air/vapor barrier). The brick facade work on the front ground-level continues. I’d expect both to be finished before the first snow flies.

Renting Ithaca (Nick Stavropoulos) is the developer, and Flatfield Designs (Daniel Hirtler) is the architect. This is not likely to be their last project. The Stavropoulos Family has undertaken several progressively larger projects over the past several years, and purchased the Alley Cat Cafe building at 312 East Seneca Street for $800,000 in mid-July.

While I can’t say I’m a fan of the demolition of the previous structure, I can appreciate the subtle densification and addition of housing of the State Street Corridor with a contextually-appropriate structure. There will likely be more to come, so if this is setting the bar, it’s a good standard to have. The introductory article, and background about the project, can be found in the June 2017 post here.





107 South Albany Street Construction Update, 7/2018

18 07 2018

107 South Albany is a curious mix of sheathing. The front and part of the sides consists of standard Huber ZIP System plywood panels, while the sides use GP DensElement fiberglass mat sheets with maroon liquid flashing. Atop that, wood furring is being attached, and trimboards and fiber cement lap siding (or panels, for the wall next to the central staircase) are added to finish out the exterior. The front entry will have a brick veneer, but only on the first floor, so that doesn’t explain the difference in sheathing. The windows are fitted, but the front entry is not.

These apartments should be open for occupancy in time for the new academic semester. Advertisements say August 1st, but that might be a stretch. Still, these are coming in at a more modest cost than other new market additions ($1,100/month), and adds some density to the State Street Corridor.

Background information on the project and its specifications can be found here. Renting Ithaca (Nick Stavropoulos) is the developer, and Flatfield Designs (Daniel Hirtler) is the architect.





107 South Albany Street Construction Update, 4/2018

4 05 2018

The new 11-unit apartment building at 107 South Albany Street is fully framed and roofed. It looks like the roof underlayment is down and the shingles are starting to go on -the photos below show plumbing and electrical boxes already installed on the first floor. Most of the sheathing is in place, and given the plastic, utilities roughs-ins are likely ongoing inside the new structure. From the listing on Zillow:

“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.”
 

I have never heard the phrase “orthodox windows” unless the topic was a church.

An August 1st opening means this building’s going to have to move at a fairly quick pace over the next few months. I don’t see any current information on rent, but the last I had seen was $1,100/month for a 1-bedroom, which isn’t Collegetown extreme, but it’s premium-priced for the State Street Corridor, and not unusual for new construction. Apartments.com seems to suggests that all the units are spoken for.

Background information on the project and its specifications can be found here. Renting Ithaca (Nick Stavropoulos) is the developer, and Flatfield Designs (Daniel Hirtler) is the architect.





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.





News Tidbits 1/21/18: Twice in One Weekend

21 01 2018

1. It appears that 107 South Albany Street has had its exterior design heavily altered, even as the building is just starting framing. The old design’s flat roof and unusual stair column feature have been toned down to a pitched (gable) roof of about the same height and dimensions. According to ads on Zillow, the 1-bedroom units, which will be ready for occupancy by August 1st, will go for about $1,395/month. For the price comes a fully furnished unit with indoor bike storage, high-end appliances, tiled bath, custom cabinets and high-speed internet. Water and snow removal are included in rent, electric is not. Fairly certain Daniel Hirtler is still the architect for Stavros Stavropoulo’s latest residential project.

To be frank, I don’t know how much an exterior design can change without having to go back to the planning board – offhand, I think they can do pretty much whatever changes they like, so long as they don’t violate zoning laws or change the habitable square footage.

2. Ithaca architecture firm HOLT Architects totally revamped their website. Among the snazzy new updates was a video.

Now, there are an embarrassing number of HOLT projects I can think off the top of my head, but while watching the 1’22” film, there was one project I did not recognize at all. Above, we see two 4 or 5 story residential buildings along a waterfront – the perspective renders behind the gentlemen’s shoulder are likely all part of the same design set, and the white vehicles in the concept site plan are parked boats. It also appears TWMLA is involved as the landscape architect.

Blowing up the image gives the name “Lembeck Landing”. At first, I thought it said Lambrou Landing, and had reached out to see if it was part of City Harbor; the response was that this appears to be another project. I tried to analyze the streets, it doesn’t look like an Ithaca map, and one street may be named “Porter”. Probably not Ithaca, but someone’s getting some nice waterfront housing. Watch the video for brief shots showing the inside of CFCU’s new HQ and some selected material finishes.

Update: It’s Watkins Glen. An undeveloped parcel near its Porter Street. Thanks to Keith Eisenman for solving the mystery.

3. Let’s just touch on the waterfront real quick. City Harbor is going to be a very substantial project. The first sketch plan involved two large apartment buildings and medical space for Guthrie Clinic; Guthrie would lease its recently purchased warehouse at 770 Cascadilla Street to Greenstar for a bigger, grander co-op; and a third location that will be presented at this month’s planning board meeting. The apartment buildings will be 4 or 5 floors and had ground-level parking with large amounts of surface parking for Guthrie, something that planning board was not a fan of. The other Cascadilla industrial building, 750 Cascadilla, may come down for more parking.

On the one hand, underground parking is out of the question due to the high water table, and above ground parking structures have to contend with soil issues as well, likely leading to deep foundations and increased costs. But an asphalt sea on the city’s shores is not something that will get the board’s approval.

Still, we are potentially talking hundreds of units, as well as a substantial amount of commercial space (and perhaps jobs) with the Guthrie component and the Greenstar expansion. It may very well be that this and the Green Street Garage plan will be the big development stories for the year.

4. Cornell will not the idea of that glass “hat” die; they’re calling it a “suggestion of a future roof pavilion”. The city’s ILPC probably isn’t comfortable with that suggestion being so close to the historically-designated Arts Quad. Anyway, renovations are underway on Rand Hall into the Mui Ho Fine Arts Library. The $21.6 million project, about half of which is funded by donations, will be ready for students and staff in August 2019.

5. It sounds like the city has had just about enough with the state’s aerial apparatus fire code changes that halted much of Collegetown’s approved development projects. They’re prepared to take steps to eliminate parking on Linden because the new state law says Linden is too narrow as-is to have construction taller than 30 feet. This seems to be in addition to the power line issue. For 210 Linden, whose developer (Visum Dev. Group) specifically applied for some kind of relief, it would just be in front of the building; Todd Fox had already started work when the building codes department were notified and started enforcing the new code, which is not a good scenario.

Ithaca would prefer the state grant a broad variance (the new code has apparently been an issue across the state), and normally removing parking wouldn’t “fix” the underlying problem, but since New York State did not notify municipalities they were changing the law, they’re attempting to compromise on something that they normally would not. It might also explain why activity in Collegetown has been quiet these past few months outside of the inner core, where the streets are wider and the power lines are underground. The city is looking into how to make development work with the fire code if the state refuses to budge on code modifications. To be fair, there is tens of millions in development and its associated tax revenue that the city was expecting and that the state, in the midst of a budget crisis, is (literally?) hosing them on.

Whatever the city decided at its BPW meeting last week, it seems to have made Visum happy. They’ve started marketing 210 Linden’s units again. It’s saying there are 10 4-bedroom units, and 1 1-bedroom unit, while my notes say 9 4-bedroom units. Maybe the basement was reconfigured? Not sure.

Update: According to a Visum Rep, 210 Linden is 9 4-bedroom units and has added a basement 1-bedroom unit. So now it’s 10 units, 37 bedrooms.

 

6. Around the county, not a whole lot else on municipal agendas at the moment; one of the reasons for no update last week. Dryden town’s planning board will be looking at plans for a new warehouse next to 51 Hall Road, as well as a 5-lot subdivision at 1540 Ellis Hollow Road for Tiny Timbers, the Dryden-based modular home builder. Tiny Timbers uses the warehouse at 51 Hall Road, so it wouldn’t be a shock if the new one is purpose-built for Tiny Timber’s growing business. The town of Ithaca planning board cancelled their last meeting.

The city is fairly quiet. The planning board agenda for next week is short and mostly contains smaller submissions – the pair of infill duplexes proposed at 209 Hudson are on the agenda, with some slight design tweaks (the eyebrow windows are an interesting touch on the rear building). To the developer’s (Stavros Stavropoulo’s) credit, the units are design to accommodate families rather than students – the giveaway are the separate dining room areas, vs the eat-in kitchens one typically sees with student rentals. Senior planner Lisa Nicholas also gave written kudos for the quality exterior material choices (Hardie Board fiber cement panels, aesthetic wood timbering, stone retaining walls).

A fly in the ointment, per reader email: none of the bedrooms are legal for 2-person occupancy. They are 115 SF each; the state fire code says double occupancy must be at least 120 SF. So that would be an issue if one considers couples’ bedrooms.

The board is expected to declare itself lead agency, host a public hearing, and begin review of the SEQR forms needed before a negative declaration for adverse impacts can be declared. The 4-bedroom addition for Sophia House (111 the Knoll, Cornell Heights) is up for final approval. The proposed playground at Stewart Park is also up for discussion, with the board once again expected to declare itself lead agency, host a public hearing, and begin review of the SEQR forms.BPW is not comfortable accepted the $1.7 million playgrounds, gardens and splash pad unless Friends of Stewart Park creates a $75,000 annual maintenance fund. Lastly, City Harbor will be up for a second round sketch plan, informal discussion to obtain feedback for any future formal submission to consider.

The Nines project (311 College Avenue) is not on the board’s agenda this month. Things are up in the air, as the ILPC has chosen to pursue historic designation, even as there is an active project submission. A little awkward, certainly.

On the 30th, the Planning Board will convene for a special meeting to finalize the form-based code for the Planned Unit Development to be deployed for the Chain Works District.

According to notes from the city Planning Dept, the city approved $130 million in development in 2017. There were 29 projects with 568 housing units, 107 of which are designated affordable for lower & middle income (LMI) households. Also approved was 28,600 SF of new retail & office space. These were from a summary sheet from the planning department, and the detailed write-up will come next month.

7. On a closing note, preliminary estimates suggests that Tompkins County added an average of 1300 jobs over the 2017 calendar year, bringing the average annual job count to 65,300. The gain is just over 2.0%, comfortably above the national average of about 1.5%, but nothing that screams ‘boomtown’. Since 2007, the annual average has increased by 7,700 jobs, +13.8%. The numbers suggest that the gains are slightly better in the fall and spring (7500 – 7700 jobs) than for the summer and winter (7000 jobs), indicating that academic year seasonal jobs are growing slightly faster than the overall market.





107 South Albany Street Construction Update, 12/2017

22 12 2017

Since October, it looks like the foundation slab has been poured over the footers, and the construction crew is preparing to start work on framing. Judging from the materials on-site, it looks like wood-frame with Huber ZIP panels. Wood-frame structures tend to rise quickly, so once the project team is ready, it should go up at a rapid pace, and probably top out in within just a few weeks. The 11-unit, $1.1 million apartment building is expected to be ready for occupancy by July.

It’ll be interesting to find out what Stavros Stavropoulos’s next project is, since the plan for a pair of duplexes at 209 Hudson Street was kiboshed by the city after the South Hill zoning overlay went into effect. If he’s looking at other locations along the State Street Corridor, he’d likely find the planning department and Common Council more amenable. If his name shows up in any sales, I’ll note it in the round-up.

On that note, expect a brief holiday pause in the daily posts. They’ll be back next week.

For reference, project summary here.





107 South Albany Street Construction Update, 10/2017

20 10 2017

With the twin duplexes on the corner of Aurora and Queen completed, local developer Stavros Stavropoulos and his local contractor Northeast Renovations Inc. have been able to turn their focus towards building out 107 South Albany Street. At this stage, the spread concrete footers, also called formwork or footings, have been finished.

As in this case, footers are usually of concrete with steel rebar reinforcement that has been poured into an excavated trench and confined by wood forms. The purpose of footings is to support the foundation and prevent settling. The portion of rebar sticking out of the footers will be bent and wired into the foundation’s horizontal rebar, tying the two components together. I’m not sure if they simply filled in the basement of the old house or if they tore the walls out before bringing in clean fill and digging trenches for the new footers (I’d guess the latter for simplicity’s sake).

It looks like the outer footings for the ground-level common space (entry, bike storage, meter room) are at a slightly lower grade than the rest of the structure, so there might be two separate sections that comprise foundation, with one at a slightly higher elevation than the other.

The next steps involve a rebar grid being ssembled and tied per specifications, elevated a few inches from the ground by plastic rebar chairs that allow concrete to get underneath the steel rods. The concrete will be poured over the rebar, and as long as the bars stay in place, the new pour is left to dry into a solid, reinforced slab foundation upon which the building frame can be built. The building itself will have a wood-frame, so when it starts to rise, it should move at a pretty fast pace.

A summary of the project can be found here.





News Tidbits 10/7/17: Opportunities Come and Go

7 10 2017

1. The Inn at Taughannock expansion is no longer. The project, which called for a 2-story addition containing dining facilities, five guest rooms and facilities to support a 200-person capacity event center, was opposed by neighbors in Ulysses for being too large, the potential for noise, traffic, and for being out of character with the area. The strong disapproval played a big role in the town of Ulysses Zoning Board of Appeals’ decision to reject two of three building variances sought for the project, the exception being a cupola on the existing building. The board also permitted four of the six proposed signs.

With denials noted, the plan at this point is mostly landscaping – clean fill (soil) to level out the south lawn for gatherings, construction of a stone fence wall and retaining wall, re-configuring a stairway and patio area, lawn seeding and stormwater facilities.

2. One door is closed, another potentially opens. For sale, a trio of parcels – 526 West Seneca Street, 528 West Seneca Street, and 209 North Meadow Street – are up for sale on the city’s West End. The listing from Pyramid Brokerage’s August Monkemeyer is short and to the point:

“Rare opportunity on prime signalized intersection in Ithaca’s commercial corridor. Corner location with excellent exposure, road frontage and heavy traffic 32,000 plus ADDT. Redevelopment site for multiple commercial uses.”

For the record, ADDT is a typo. It’s AADT – “Average Annual Daily Traffic”. The brochure is a little more in-depth, and says 39,000 AADT. The listing price for the collection is $1.5 million.

528 West Seneca is a recently renovated early 1900s 4-unit apartment house purchased by current owner Shawn Gillespie in 2003 and it has an assessed value of $200,000. 528 West Seneca is an early 1900s house converted into an office building. It was renovated in the 2000s, purchased by Gillespie in 2012 and is assessed at $220,000. 209 North Meadow, an 1880s single-family home, has seen better days. It was co-purchased by Gillespie in 2015 and is assessed at $50,000 due to its poor condition. All of the buildings are designed in the older vernacular style common to the Ithaca area (“urban farmhouses”), so they’re old, but the designs were cookie cutter for their time, and their overall historic value is limited.

Zoning is a mixed bag. The two with frontage on Meadow are WEDZ-1b, while 526 West Seneca is R-3b. R-3b allows 4-story buildings with up to 40% lot coverage, has parking requirements that vary depending on the type of residence, and is geared towards small apartment buildings. WEDZ-1b is one of the city rarer codes, general retail and office uses that allows 100% lot coverage on parcel with less than 50 feet frontage (209 Meadow in this case), and 90% otherwise. However, the maximum floor height is only two floors, and one story buildings have to have pitched roofs. Unlike its WEDZ-1a counterpart across the street, parking is required. Looking at the code, it seems like a recipe for suburban box retail in the heart of the West End, with the R-3b a possible site for additional parking. That doesn’t seem to mesh with the urban mixed-use direction the city’s been moving towards. Should it sell, and it looks noteworthy, there will be a follow-up.

3. The construction loan for Nick Stavropoulos’ 107 South Albany Street project has been filed. Tompkins Trust will be able to watch their latest loan agreement from just a few blocks away. The total loan amount is $1,110,346.75. A small local company, Northeast Renovation Inc., will be the general contractor for the 11-unit apartment building.

Subcontractors on file include Frank Belentsof of Bestway Lumber (Excavation), Brian Kehoe of Kehoe’s Concrete Concepts for foundation work, Albanese Plumbing LLC for plumbing/HVAC/sprinklers, Weydman Electric, Goodale Sprayfoam for insulation, Joe Alpert of Drywall Interiors for sheetrock hanging. Fabbroni Engineers is doing the structural engineering in partnership with architect Daniel R. Hirtler.

4. The city of Ithaca Planning and Development Board was less than enthused about 311 College Avenue, aka Visum Development’s mixed-use Nines replacement. From the sound of it, the board’s John Schroeder was liable to go apoplectic. At the least, it seems the board wants a feasibility study for the cost of moving the firehouse-turned-restaurant to another site. From a design perspective, the board would like for either the design to pay homage to the Nines, or to reuse some of its building materials.

In contrast, it was fairly smooth sailing for the other projects under review. The duplex at 217 Columbia and Lakeview’s 60-unit supportive/affordable housing project were approved, and INHS’s 13-unit affordable housing proposal for the 200 Block of Elm Street progressed despite West Hill neighborhood opposition.

5. To touch on that topic a little more, the Times’ Nick Reynolds did an in-depth piece looking at the “crisis point” in Collegetown. It’s worth a read. I don’t agree with some of the insinuations (Student Agencies’ renovation of ca. 1985 409 College Avenue is not an aesthetic threat to the block), but it’s worth a read.

The document that Schroeder and Tomlan wrote of buildings they wanted preserved was uploaded as a PDF, but it is no longer online. The only copy of the list is from this blog, in a post eight years ago, and an article from the June 16, 2009 Ithaca Journal. The list and the response highlighted in the Journal shows there was a real disconnection, and I doubt most readers agreed completely with either Tomlan or the property owners. Since the PDF was published and reviewed by city staff and board appointees, two of 31 structures, the Snaith House (140 College) and Grandview House (209 College), were historically designated, and rightfully so, as exemplary architecture of their period. The Larkin was just designated as well, and the Chacona Block (Student Agencies) will be before the end of the year. Both of them are attractive older structures that provide a positive aesthetic complement to the neighborhood.

The Palms dive bar was not high design or even mediocre design, nor was it much of a desired neighborhood attribute, at least to permanent residents; nostalgic perhaps, but not historic. Pushing a structure on nostalgia alone will likely not clear the Planning Committee, as Steve Smith and Cynthia Brock nearly demonstrated with the Larkin Building. Mary Tomlan wanted to preserve a bar when the owner wanted to retire and sell it to whoever would give him the most. Sounds familiar.

However, the difference between the Palms and the Nines is that the Nines has a more substantial history, the structure has historic significance as the original home of Fire Station No .9. With its outdoor patio, it adds an aesthetic quality by being setback from the street yet maintaining active use frontage. That is not economically feasible in Collegetown and hasn’t been for decades, but it made sense for a fire station that served the community for generations. If there’s a balance between giving way to the new and preserving the old, the Nines and Palms fall on different sides.

The Times article references a “stopgap” measure that is basically an indefinite moratorium. That’s not the answer either. Most Collegetown structures offer little historic value. The Nines is a rare case otherwise. Without protective regulations, it was always a potential development target. Or rather, it was more like a landmine waiting to be triggered.

6. Courtesy of STREAM Collaborative’s biannual newsletter, the Varna Tiny Timbers project has a name and website. “The Cottages at Fall Creek Crossing”, as the 15-unit single-family development will be known, has website at http://www.cottagesatfallcreek.com. It’s bare bones at the moment and the lots have not yet begun marketing and sales. The pocket neighborhood of for-sale 2-bedroom and 3-bedroom homes will be built on the corner of Freese and Dryden Roads, the potential walkable, mixed-use center of the hamlet should a traditionally-designed Varna ever come to fruition. According to the newsletter, STREAM collaborated with Tiny Timber owner Buzz Dolph on the branding, logo and website, as well as on the design of the buildings and landscape.

7. It pains me a bit to admit this, but the Times is killing it in local meeting coverage. Even worse, the Voice has been short-staffed this week due to illness. At the Common Council meeting last night, members voted to give the IURA the necessary permission to handle the Green Street redevelopment project, including the RFP and submission review, sales terms and environmental review. Vicki Taylor Brous, public relations representative for developer Dave Lubin and his Harold’s Square project next door, spoke against the plans and said the project may be illegal, but until proven as such, review and discussion of the Ithaca Associates plan and any other submissions will move forward.

On another note, landmarking of the Larkin Building at 403 College Avenue was approved 8-2, with Cynthia Brock (D-1st) and Steve Smith (D-4th) opposed. Also, in what can only help Lansing Republicans, the city voted to join in on the Article 78 to halt the Cargill project until an Environment Impact Statement is conducted. The DEC deemed it unncecessary, and the lawsuit argues Cargill got special treatment. The dicey part is that a long, expensive study puts 200 blue-collar jobs at risk, and the debate has become a successful rallying cry for local conservatives.

I’m not a political consultant, but I think if outspoken Legislator Mike Sigler (R-Lansing) loses next month, it’ll be because of the national environment and the ability of progressive groups to tap into that at the local level. And if he wins, it’ll be because he channeled and won over the blue-collar Cargill households and their supporters who feel overlooked or kicked around in this debate.

8. One of the the perks of development – the latest Ithaca city budget calls for no tax increase for the 95% of homeowners whose assessment did not go up this year (not because of the market, but because the assessment office cycles through different parts of the county on 2-3 year intervals). The city will bring in an extra $621,508 (2.8%) through property taxes, mostly from new development “closing” on assessments as they’re completed and occupied. From 2012 to 2016, the budget increased 5.2%, while taxes, notoriously high thanks to the large percentage of tax-exempt property, fell 1%. In his budget presentation (copy on the Times webpage here), Myrick stated that without the $131 million in development since 2011, taxes would be 6.9% higher.

One thing that is not made clear in the article is that Collegetown Terrace, one of those big contributors, doesn’t have a tax abatement or PILOT. That’s taxed at 100% value. According to assessor Jay Franklin, assessments for a given year are calculated for the state of a property on March 1st, and in Terrace’s case, Building 7 wasn’t finished. Now that it is, it can be assessed at full value for 2018, which will be an additional $20-$25 million in taxable property (using $22.5 million, it equates to $270,900 in city taxes, given $12.04 per $1,000 assessed).

That might be the biggest addition, but other recent completions are not inconsequential. Back of the envelope estimates here, but when the Breazzano Center and INHS 210 Hancock PILOTs first show up in 2018, they will generate an additional $52,000. Even with its abatement, the Hotel Ithaca will add about $21,600 in year one if its $15 million price tag is close to assessment, and that will increase to $216,000/year after seven years (the downtown Business Improvement District tax rate is $14.40/$1,000). Several other recently-completed downtown projects will also pay more as their abatements taper towards full property value. For example, just the 10% increase for the Marriott in 2018 equates to about $29,000. Smaller projects like 607 South Aurora, 1001 North Aurora, 602 West State, 215-221 West Spencer and 123-129 Elmira stand to add another $70,000 or so in tax revenue. So all these projects not only make a dent in the housing deficit or provide jobs, they also provide a buffer to challenging times with declining state assistance. While development does increase demand for services, projects that are close to municipal services and able to easily tap into existing infrastructure generally provide a net positive financial benefit to the community.

Meanwhile, the town of Ithaca is looking at a miniscule tax increase this year of 0.21 percent (1.57 cents per $1,000), and will benefit from the Maplewood project, which at $80 million and $6.66/1,000, will pay in the ballpark of $532,000 towards the town, its highway department and the inter-municipal fire department (the city also gets a small share, only 1-2%).

9. A couple of sales of note. A 28.07 parcel of land along Oakcrest Road in Lansing, which was touted for potential suburban housing development, was sold for $610,000 to a well-known Cornell professor and his wife. The price was a little over 90% of ask, not bad for land. From a close mutual friend, real estate development is not one of the buyer’s interests. So, less likely to be a development, but maybe a grand estate.

Meanwhile, south of the Shannon Park development, and on the southern edge of the image above, an LLC paid $480,000, slightly below assessment, for 731 Cayuga Heights Road, a well-maintained 1820 farmhouse on 12.55 acres. The LLC’s address is the same as the Pyramid Companies, owners (or recent sellers?) of the Shoppes at Ithaca Mall, which the land abuts to its east. Something to keep an eye on, for sure.

 

10. Looking like a slow week and month ahead. The city of Ithaca Landmarks Preservation Commission is reviewing a roofing project. Nothing new in the city project’s memo, though some supplemental documents were added for Bridges Cornell Heights’ 16-bedroom mansion proposed at 105 Dearborn Place. It and INHS’s 203-209 Elm Street plan are up for final approval at the end of the month, potentially leaving no projects for review before the city (311 College will be discussed, but not reviewed this month, and its future progress is uncertain). The town’s planning board meeting was cancelled.





1001 North Aurora Street Construction Update, 8/2017

20 08 2017

This small infill project in Ithaca’s Fall Creek is just about done. Tenants have already moved into the four three-bedroom units, and it looks like all that’s left on the outside is grass seeding and a coat of paint. According to the guys working on the duplexes, the mismatch in the second floor LP SmartSide wood siding was because the store they bought them (think they said Home Depot offhand) from had ran out, so they just bought what was available with the intent of painting over it when they were ready. It looks like the first floor has been painted, so that’s a good sign. It is nice to see that, although they were threatened for deletion if expenses came too high, the side windows on the inward-facing walls of the units (east side of 202, west side of 206) were retained.

This is a small, unassuming project. It replaced an older single-family home with four units that fit in with the neighborhood. It’s a bump in density without garnering too much attention. To be candid, it’s probably the only feasible way to add density to Fall Creek – scout out the few vacant lots, or buildings with less historic or aesthetic value, and try to design something that fits in (the only other one I’m aware of is the Heritage Builders infill project on West Falls Street, but at this point it would need re-approval from the planning board).

The three guys out front said that once these are complete, they expect to start work on developer Stavros (Nick) Stavropoulos’ next project at 107 South Albany Street. That site has not changed much over the summer, all that is there at the moment is the fenced-off foundation of the old building. The 11-unit apartment building slated for that site is expected to be completed by summer 2018.

 





107 South Albany Street Construction Update, 6/2017

22 06 2017

Seems fair to move this one over into the construction column. Introducing 107 South Albany Street.

The State Street Corridor represents one of Ithaca’s best possibilities for infill development. It’s a mixed-use area with a hodge-podge of buildings and styles, from ornate century-old properties to commercial utilitarian structures. It has a number of sites that have easy access to downtown and amenities, permitting a walkable lifestyle. It’s also less expensive than downtown properties. With this in mind, the city rezoned much of it in 2013 to allow for 5-story buildings, up to 60 feet tall, with no need for parking. The zoning was a simple box overlay regardless of lot lines, which resulted in some “secret” infill opportunities like 512-514 West Green Street, whose rear yard was in the rezoned area, and as a result, owner Carmen Ciaschi was able to legally slip in a two-family home without adding additional parking.

107 South Albany Street was rezoned as a result of the 2013 overlay. The existing property was a mixed-use two-story home that had an apartment on the upper floors, and converted on the first floor to commercial office functions (law office). This presented an opportunity for the enterprising developer.

Enter Stavros (Nick) Stavropoulos. The West Hill native, whose family runs the State Street Diner, runs a small rental company, Renting Ithaca. However, Stavropoulos has slowly and steadily made his way from management to real estate development – first with additions to existing buildings like 318-320 Pleasant Street, and then entirely new properties like 514 Linn Street in 2015, and a project currently at 1001 North Aurora Street. His M.O. so far has been to find middling properties in desirable locations, and add inoffensive infill rental housing – nothing that stretches code, nothing that will anger the neighbors. Earlier projects were designed by Lucente family favorite Larry Fabbroni, but more recent projects have turned to a low-profile, longtime Ithaca architect named Daniel Hirtler, who runs Flatfield Designs. Stavropoulos picked up 107 South Albany Street for $236,000 in August 2015.

Seemingly, each project he takes on is larger than the last. 1001 North Aurora is a 4-unit project, 12 bedrooms with a hard cost of about $400,000. 107 South Albany is slated to be his latest and greatest yet. The original plan, as introduced in Spring 2016, was to build a new six-unit building at the rear of the existing house, and renovate the house into three apartment units, for one studio, six one-bedroom units, and two two-bedroom units. After a few months of planning board review and critique from the design committee, the 3,954 SF, $500,000 plan was approved and slated to start in July 2016.

However, that plan never moved forward. Instead, this past winter, Stavropoulos decided to submit a new set plans. The new plan called for eleven units and eleven bedrooms, but instead of retaining the existing house, it would be deconstructed and replaced with a new three-story, 8,427 SF building. With its neighbors including a former gas station-turned medical service and older, historic structures, the building’s design is an attempt to bridge the gap. The front sports a cornice, a brick veneer on the first floor, tan fiber cement lap siding above and a traditional window arrangement. In contrast, a stucco finish fiber cement stair tower in the middle of the structure serves as a visual interest for passerby on West State Street, and gives the building a modern touch. The building’s height is capped at 40 feet 5 inches, well below the constraints set by the zoning.

The building isn’t designed for active street use, with a recessed entry and bike storage area for privacy, and no first-floor windows on the front facade. However, in an attempt to create an attractive streetscape, the building uses lighted wall recesses on the exterior, the brick work will have decorative patterns, and a large semi-circular iron trellis that will be adorned with native twining vines. The project cost is $946,600, according to the city’s Site Plan Review document.

As of this month, Finger Lakes ReUse has deconstructed the existing house, cleaned and processed the salvaged materials, and has them for sale at their warehouse/store on Old Elmira Road. The foundation and front staircase are all that remain. The plan is to start construction on the new building in the September/October time frame, and to have it open for occupancy by summer 2018. No contractor or construction manager has been named as of yet.

From June:

From May:

Pre-development:

Isometric Plan and interior layout: