210 Hancock Construction Update, 10/2017

17 10 2017

One last walk around the block. It looks like only minor exterior finishes and landscaping/playground and basketball hoop installations left. TCAction’s daycare center has been dedicated the “Sally G. Dullea Childcare Center”, in honor of Sally Dullea, a longtime Ithacan and retired M&T Vice President who led TCAction’s Board of Trustees. Next door, The balance of the first-floor commercial space for a “Free Science Workshop”, which is a part of the Ithaca Branch of the Physics Factory, non-profit exhibition program that engages children with science. The “Physics Bus” in the parking lot is the mobile exhibit.

It also appears that either the multi-use path or the project itself has been dedicated to outgoing INHS Executive Director Paul Mazzarella. Not a bad way to say thanks after 27 years of service. As for his replacement, Johanna Anderson, best of luck, and I look forward to being a constructive nuisance.

It’s never been a secret that I was an advocate for this project, given the clear need for affordable housing, and the transparency and responsiveness of the project team during early planning. I continue to hold the project in high regard. It is a real improvement over the vacant Neighborhood Pride grocery store that was once here. It helps to fill a crucial deficit in a well-thought out, contextual, urban-friendly package. While walking around, I saw a young woman moving furniture into an apartment, a man and his son heading into one of the homes, and an older gentleman walking a dog. I think that, as the dust settles, it’ll blend seamlessly into Northside’s urban fabric, and be a worthy asset of the Ithaca community.

Before (image courtesy of Jason Henderson of Ithaca Builds):

After:






210 Hancock Construction Update, 8/2017

22 08 2017

210 Hancock is nearly complete from the outside. On the apartment buildings, the brick veneer has been attached over the Blueskin, as have most of the Alpolic aluminum pearls (dark-grey “charcoal”, off-white “pearl”, and intensely bright “EYL Yellow”). Early drawings also had lime green panels in the mix, but this was later deleted. The finalized elevation drawings suggests some more yellow panels will be attached between the ground-floor windows under the awning. In fact, it’s mostly the EYL yellow panels that have yet to be installed on Building “A” and Building “B”, the southernmost pair (and the first buildings shown in the parade of pics below). The northern buildings, which are built over a ground-floor garage, are partially faced with Barnes & Cone architectural masonry – upscale and arguably more attractive versions of concrete masonry units (CMUs).

The large expense currently being paneled on Building “D” (the northern end of the building string) will be more EYL Yellow, although this will be Morin corrugated metal panels, custom painted to match. The corrugated metal, which is used elsewhere (ex. top of building “B”) in blue-grey color, will add a little more visual interest to an otherwise featureless wall. According to the 210 Hancock website, occupancy is slated for September 1st. It looks like they have a one-bedroom available, which seems odd given the lottery, but the price tag suggests this one-bedroom is one of the moderate-income units (those with annual income in the $41,000 – $60,500 range). Offhand, 11 of the 54 units were designated moderate-income, in order to provide a mixed-income development. Similarly, the handicap-accessible three-bedroom townhouse (the one-story red one) is still for rent, but the other four rental townhomes are spoken for.

The townhouses are mostly finished, and marketing has started for the seven for-sale units. Three are already under contract. The cutoff for maximum annual income is 80% of Tompkins County’s area median income or less – $42,380 for a 1-person household, $48,400 for a 2-person household, $54,450 for a 3-person household, and so on. The wood lattice screening below the porches will be painted to match the trimboards, which come in three shades of Certainteed vinyl – “Natural Clay”, “Sandstone Beige” and “Flagstone”, or to the layman, dark tan, tan and light grey.

Outside of the building, the new lightpoles are in. RGL Inc. of Binghamton, a subcontractor for Lecesse, is laying down the new curbing and sidewalks, with road paving/striping, landscaping and the new playground to follow. For the record, the playground will be open to all neighborhood children regardless of whether their families live in the Hancock complex. As a plus, the play area connects directly with Conley Park without the need to cross any streets. Personal aside, in the affordable apartment complex I grew up in, June 25, 1997 was one of the most memorable days of my childhood because that was when they replaced a field dumpster pad with a playground — and I can remember how absolutely packed it was for weeks afterward.





210 Hancock Construction Update, 6/2017

18 06 2017

210 Hancock is chugging towards completion later this summer. Lecesse Construction has all four sub-components of the apartment building have been framed and sheathed. Building A is almost finished from the outside, with some exterior finished and trim still on the to-do list. The Blueskin will be faced with Alpolic aluminum panels, some of which have already been installed. Masonry work is underway on Building C, using Redland Whitehall Brick (it’s not often one sees unpainted white brick). More information on the exterior materials can be found in April’s post.

Note that the buildings are all elevated at least a few feet from ground level, and it’s particular noticeable with the five rental townhouses on the northeast corner. This is because of floodplain restrictions – several blocks of Fall Creek and Northside have the unfortunate luck of being in the 100-year floodplain, and most of Northside except for few blocks around Lewis and Jay Streets are in the 500-year floodplain. This approximated frequency is at risk of decreasing as the inlet gets clogged and layered with fresh silt, and with less volume and capacity, the un-dredged inlet would be more likely to have a high water event overflow its banks. It’s one of many reasons why the city is pressing for state dredging of the inlet before disaster strikes.

WHCU reported a few weeks ago that INHS has had no shortage of applicants for the 210 Hancock rentals. After receiving over 200 applications, they set up a lottery in which 122 “made it through” , and then selected the top 60 (there are 59 rental units though…might be a just in case there’s a drop-out, or it could just be conversational rounding). If it’s anything like New York City’s lottery, what happens is that each application is validated, sorted for requested unit type, and is assigned a randomized log number – those who get 1-48 for the one-bedroom subset, and 1-11 for the two-bedrooms subset, are awarded dibs on a unit, so long as they pass the income check and background check. In previous measures, about 86% of rental applicants, six out of every seven, came from inside Tompkins County, with just under half from other parts of the city of Ithaca.

The seven for-sale units are also just beginning sales marketing. The three on Hancock are, from east to west, 204, 206 and 208 Hancock Street, and the four for-sale units on Lake Street going south to north are 406, 408, 410 and 412 Lake Street. 206 Hancock, 408 Lake and 410 Lake will be 910 SF 2 bedroom, 1.5 bath units that will sell for $112,000 to qualified buyers. 406 Lake and 412 are 1088 SF, 2 bed 1.5 bath units priced at $129,000. The largest units, 204 Hancock and 208 Hancock, are 1300 SF, 3 bed 1.5 bath units that will sell for $145,000. The plan is to have buyers lined up for all seven units by the end of the year.





News Tidbits 6/10/17: In High Demand

10 06 2017

1. Start off this week with some eye candy. Here are the latest renders for Visum Development’s 191-bed, 60-unit project at 232-236 Dryden Road. The biggest change here is the Dryden Road facade – revised fenestration, and the addition of shingle-style balconies. STREAM Collaborative’s intent is to give the south building a little more historical sensitivity – when the Cascadilla school still had a dorm in the late 1800s and early 1900s, it included a 4-story shingle-style dormitory complete with dining room and gym. The balconies are throwbacks to the dormitory’s balconies.

However, given that this building will date open in 2018 and not 1898, instead of wood shingle, the balconies will use Allura “Redwood” fiber cement shinglewood pulp mixed with sand and cement, shaped for a wood-like appearance, but with the durability of concrete. Fiber cement is also more expensive to buy and install vs. materials like vinyl, which is why only more expensive or visible structures tend to use it. Other planned materials include Endicott manganese ironspot velour brick veneer, fiber cement panels with LP smart trim painted in Sherwin-Williams Pure White and Anonymous (actual name), lap siding in SW Pure White and Marigold, granite grey stucco (*real* stucco, not DryVit), a metal canopy and Andersen windows.

2. Business is good for STREAM Collaborative. So good that they’re expanding both in staff and space. The young, prolific architecture firm led by Noah Demarest will be moving out from its location in the City Hall Annex at 123 Sough Cayuga Street, and into a larger downtown space in the ca. 1872 Gregg Block at 108-112 West State Street, across from the State Theatre. The new digs are being renovated now, and are expected to be ready for occupancy by July 1st.

On another note, the owner of the city hall annex has taken to advertising the office space on Cragislist, which seems like the wrong choice to me. An apartment, sure. A house for sale or offices to rent? My impression is that folks prefer a more professional medium than what Craigslist offers. Kinda the same with jobs – servers or dog-sitters, sure. Accountants or architects? Ehh.

Maybe I’m just behind the times. Here’s the posting for the former Hal’s Deli on the 100 Block North Aurora Street. $5500/month.

3. WHCU is reporting that INHS has had no shortage of applicants for the 210 Hancock rentals. After receiving over 200 applications, they set up a lottery in which 122 “made it through” , and then selected the top 60 (there are 59 rental units though…might be a just in case there’s a drop-out, or it could just be conversational rounding). If it’s anything like New York City’s lottery, what happens is that each application is validated, sorted for requested unit type, and is assigned a randomized log number – those who get 1-48 for the one-bedroom subset, and 1-11 for the two-bedrooms subset, are awarded dibs on a unit, so long as they pass the income check and background check. Unit occupancy is expected late this summer, and marketing for the seven for-sale units will start…

4. …pretty much now. The three units in the first image are 204, 206 and 208 Hancock Street, the four for-sales in image two are from L to R, 406, 408, 410 and 412 Lake Street. 206 Hancock, 408 Lake and 410 Lake will be 910 SF 2 bedroom, 1.5 bath units that will sell for $112,000 to qualified buyers. 406 Lake and 412 are 1088 SF, 2 bed 1.5 bath units priced at $129,000. The largest units, 204 Hancock and 208 Hancock, are 1300 SF, 3 bed 1.5 bath units that will sell for $145,000. The plan is to have buyers lined up for all seven units by the end of the year.

5. The county legislature has approved the Heritage Center acquisition. The county will pay $2 million for the 18,500 SF property, about $400,000 below assessment. Tompkins Financial Corporation is parting with its former offices next spring as it moves into a new HQ a block away. The plan is to have the heritage center, which will host tourism and history-focused non-profits, open for occupancy by the end of 2018, just as The History Center’s lease at 406 E. State runs out.

6. Seems like Lakeview is serious about their West End mixed-use project. The mental health services organization just purchased three properties on Thursday the 8th – 326 North Meadow for $150,000, 711-13 West Court Street for $525,000, and 329 North Meadow and 709 West Court (same owner) for $550,000.

Lakeview is planning a mixed-use 5-story building with a small amount of first-floor retail and 50 apartment units, all of which would be affordable, and half of which would be set aside for those with mental health ailments who are generally independent, but will have Lakeview staff to turn to in times of need. The project team requested $250,000 from the city IURA to help finance the $20.1 million project, but were only awarded $50,000 since it’s still at a relatively stage without detailed plans. The project team expects to submit their project for review later this year, with a 2018 construction start.

7. Tiny Timbers is doing well. In an update to their website, they note the completion of their first house, a “lofted L” model just over the county line in Hector, and a new house planned in Enfield (given that Enfield permitted just one new house last year, there’s probably a joke in there somewhere). There is another home just getting underway in Lansing’s Farm Pond Circle development, and a fourth will start soon on Grandview Drive in the city of Ithaca’s portion of South Hill. All the new units will be “big cubes” like the render shown above.

8. Looking at the city of Ithaca’s planning department memo this month, there’s nothing new to note for June. Smaller projects tend to show up in the memo, since the sketch plan for feedback isn’t as big of a deal for a small proposal, like a new store or a modest apartment building. Finger Lakes ReUse’s 22 studio units for vulnerable/formerly homeless populations will have its public hearing and Determination of Environmental Significant (step before prelim approval), the McDonald’s rebuild will have Declaration of Lead Agency, public hearing, BZA recs and DoES, 232-236 Dryden will have its DoES vote, and the Old Library redevelopment and 238 Linden will be up for approval.

9. Finishing off this week with a word of approval – the Dryden town board gave approval to Gary Sloan’s 36-unit Evergreen Townhouses at 1061 Dryden Road, per Cassie Negley at the Ithaca Times. At the boards’ (both planning and town) encouragement, the solar panels were replaced with electric heat pumps, which could utilize off-site solar and open up the possibility of a more environmentally sustainable project overall, given the proliferation of solar arrays underway in Tompkins and the region (my off the cuff estimate has at least enough solar arrays planned in Tompkins in the next 18 months to power over 10,000 homes). A play structure and 11 more parking spaces were also added.





210 Hancock Construction Update, 4/2017

23 04 2017

There is so much going on at INHS’s 210 Hancock site, this might be the record for most photos in a single construction update. Let’s go counterclockwise from the southwest corner, since that’s the order these photos were taken.

With the apartment building string, Section “A”‘s Blueskin has been mostly bricked over with Redland Heritage Brick. Some Blueskin remains exposed in areas that will be faced with Alpolic exterior metal panels. Fingers crossed that the mustard yellow shown in the elevations looks less jarring in person. It looks like an additional layer of thermal insulation was installed above the windows to go between the Blueskin and the metal panels (mostly dark grey, a few yellow…technically they’re called Alpolic Charcoal and EYL Yellow. the armchair architect in me really wants to harp on the yellow metal panels. I remember a Noah Demarest quote about yellow being a really hard exterior color to pull off. Why not a red or an orange-brown?). The roof is finished and interior fixtures and flooring are being installed.

Then we get to the first string of three for-sale townhouses, which will have addresses for the 200 Block of Hancock (apart from 202, I’m forgetting the exact numbers). They look nothing like the elevations submitted for IURA review, and that is not a bad thing. INHS is using Certainteed clapboard siding on the exterior. The one on the west (left) is “Autumn Red”, and the one on the east (right) is “Mountain Cedar”, both of which were used on the Stone Quarry project. The shades of brown and grey are so similar it’s hard to tell what the middle one is, maybe “Hearthstone”. It looks like a mixture of sizes as well, maybe 4″ on the left and middle, and 7″ Mountain Cedar on the right. The trim pieces are Certainteed vinyl and vary slightly in color, neutral whitish or tannish shades like “Sandstone Beige”, “Natural Clay” and “Desert Tan”.

Circling around to the 400 Block of Lake Avenue highlights a construction contrast between the for-sale units and the five for-rent units further north. The for-sale units are wood-frame, plywood Huber ZIP sheathing, and exterior finishes. The for-rent units are wood-frame, standard plywood sheets, Tyvek Housewrap, and exterior finishes. The difference between the two is really a matter of preference – both are effective water-resistive barriers if installed properly. ZIP panels tend to be easier to install (lower labor cost), but more expensive as a product.

The Certainteed colors on the rentals are “Spruce”, “Sable Brown”, a split-level “Autumn Red/Hearthstone”, “Flagstone” and another “Autumn Red”. Some of these will be 4″ clapboard, others 7″ shingles – all Certainteed, all to give the impression of individual units so they play well with their older, detached neighbors. The Spruce Green unit looks a little odd with that big blank wall above the porch, and in the renders and elevation it appears to be bigger than the final product.

Apartment sections “C” and “D” are still being framed, and “B” has been fully skinned and fitted out with windows. “B” will be faced with will use Carolina Ceramics Teakwood Brick and Morin blue-grey corrugated steel with pearl, EYL yellow and charcoal Alpolic metal panels, “C” will use Redland Whitehall Brick (white brick) as well as Alpolic panels, and “D” will use the same Heritage Red brick as “A” but, with some corrugated steel on the stairwell. “C” and “D” also have a first-floor covered parking garage. The garage will be face in Barnes and Cone Masonry, but the city’s November 2015 filing makes reference to a product that doesn’t appear in their brochures.

The apartment will be ready by August 1st, and the for-sale units will be on the market by the fall. Lecesse Construction is the general contractor.





210 Hancock Construction Update, 2/2017

20 02 2017

Normally construction sites get updates every two months. But at the INHS Hancock project site, things are getting really interesting in a short time.

First, the main apartment building. In just the past month, section “A”, the southernmost wing, has been wrapped in Blueskin, roofed, and the windows have been fitted. Answering a question from a few months back, it looks like the Blueskin’s purpose is to be the water/vapor membrane under the brick. The section of “A” under the weatherproof plastic tenting is being bricked – a few loose bricks can be seen in the last photos through holes in the plastic. Not only do the workers appreciate some protection from the elements, brickwork requires temperatures to be kept above freezing so that the water in the mortar doesn’t freeze out, so not only is there plastic wrap, Lecesse has also deployed portable heaters. Section “B” will follow with the Blueskin sheathing, roofing and window-fitting, and then “C” and “D”, which host the indoor garage (hence the CMUs) and are still being framed out.

The five rental townhouses have a typical wood-frame build-out – first comes wood framing and roofing, then tar papered and shingling, housewrapping and window fitting. Interestingly, the seven for-sale townhouses (collectively referred to as “202 Hancock”) are using Huber ZIP sheathing panels, which the rentals did not. The Hancock street trio of homes have been framed but not roofed, while the Lake Avenue quartet are still being framed out, awaiting the rest of their roof trusses. The insides of the for-sale homes are still just bare stud walls at this point, while the rentals are probably far enough along that most utility rough ins have been completed, and sheetrock is being hung in the units. All in all, Lecesse Construction and their subcontractors have been moving at a very good clip over the past month or so.

A construction loan filing on January 23rd states Tompkins Trust lent INHS $1,581,796 to finance the 202 Hancock units. The total cost (hard and soft) of the seven for-sale units is estimated at $2.36 million. The five two bedroom units (1,147 SF) will be sold for about $114,000, and two three-bedroom units (1,364 SF) for $136,000, to qualified applicants making 60-80% of local AMI, or $37,000-$49,000/year.

For the sake of comparison, the apartment building and for-sale units are partially financed with a $7,790,511 loan from a Citibank fund – through an LLC, Citibank bought the low-income housing tax credits (LIHTCs) awarded to the project by New York State. The apartment building’s total cost comes to $13.8 million, with the rest financed through INHS’s money, federal tax credits, housing grants and a low-interest loan from the state’s housing division (NYSHCR).

Renters or homeowners interested in obtaining a unit can fill out an inquiry form here. The rentals will be ready for occupancy by August 1st, 2017, and the for-sale units are looking at a November 2017 completion.

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News Tidbits 1/28/17: Helping You Avoid Politics For Five Minutes

28 01 2017

1. Looking at sales, it looks like there were a couple of big ones this week in the Ithaca area. The first was on Friday the 20th, where 402-04 Eddy Street was sold for $913,000. The buyer was an LLC tied to Charles and Heather Tallman, who own several properties in Collegetown. The $913k price is above the 2015 assessment of $880k, but below the 2016 $1 million assessment. The Tallman historically have not been the kind to redevelop property, and the three-story mixed-use building is part of the East Hill Historic District, so don’t expect any big changes.

The next two were on Wednesday the 25th – Parkside Gardens on the Southside at 202 Fair Street, and Lakeside (Grandview Court) on South Hill, were sold for a whopping $10,450,000 from a Long Island landlord (Arbor Hill Homes) to an LLC based out of Delaware. Parkside has 51 units and was built in the 1950s, and is assessed at $2 million. It sold for $4.2 million, about double what the $2.145 million the owner paid in 2007. Lakeside has 58 units and was built in the 1970s. It is assessed at $2.8 million, the previous owner paid $2.58 million in 2007, and just sold it for $6.25 million.

Up until 2014, they accepted housing vouchers, but according to an email from the IURA’s Nels Bohn, The Learning Web handled the vouchers and the IURA has nothing about the complexes on file after 2014. It might be a case similar to Ithaca East, where the affordable housing lease period ran out and the owner converted to market rate. The Voice tried to do a story on it in Fall 2015, but it went nowhere, and then again in January 2016, and it went nowhere. I did research but Jeff and Mike were going to be the respective writers. Here are my notes from September 21, 2015:

The two complexes were recently offered for sale, but the listing was deactivated. According to 2011 IURA minutes, the owner is kind of a sleazeball, uses them as an investment property but doesn’t do maintenance. Another company (Rochester-based Pathstone, they’ve done work with INHS) considered buying Parkside in 2011/12, but backed out when problems arose.

One could argue that the two complexes had a shady owner who just cashed out big. The buyer can be traced through its unique name to a Baltimore company called Hopkins Holding, and a LinkedIn profile of a partner in the company saying their specialty is student housing. At the high price paid for Lakeside, I could easily see a redevelopment happening, though I’m not as certain about Parkside’s future.

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2. There were also a couple of construction loans filed this week. Tompkins Trust lent Collegetown Crossing $500,000 according to a filing on the 23rd, but the type of work is unspecified in the county docs. Tompkins Trust also lent INHS $1,581,796 in a separate filing on the 23rd, to finance the seven for-sale townhouses underway at 202 Hancock Street in Northside, part of the 210 Hancock affordable housing project.

3. A few weeks ago, the pending sale of the former Phoenix Books barn at 1610 Dryden Road came up. Now we what the plans are. It appears a local businessman wants to renovate the barn and use it for automotive trailer sales. The plan requires a special use permit from the town because it’s a residential zone, and the project is seeking a landscaping outdoor area to showcase trailers for sale. It doesn’t read as if the barn itself will be greatly altered in appearance, although its structural stability is in question, so it will need its north wall shored up, and roof repaired so that rainwater stops pouring into the basement. The town will be going through the project over the next couple of months, but there don’t appear to be any big obstacles that will prevent a permit from being issued.

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4. For the sake of acknowledgement, the ILPC approved of Jason Fane’s renovation plans for the Masonic Temple. There was a little back-and-forth about window replacements, and they made sure to note that the “for rent” signage was not grandfathered and would have to come down once the three commercial spaces are rented out, and the signage would not be allowed to go back up even if the spaces were vacated at a later date. The ILPC also seems inclined towards a historic district on the north edge of Collegetown along Oak Avenue and Cascadilla Place, but that still has yet to take form.

5. Out in the towns and villages, there isn’t anything too exciting on the agenda. Cayuga Heights had a one-lot subdivision for a new home site at 1010 Triphammer for their latest meeting. The town of Dryden had a 5-lot subdivision off of 1624 Ellis Hollow Road, and a 7-lot subdivision at the former Dryden Lake Golf Course.Dryden also received the sketch plan for the 12 Megawatt solar array planned by Distributed Solar at 2150 Dryden Road (12 MW is enough for ~2400 homes). Ulysses had to review a special permit for turning a nursery business into a bakery/residence, and a 2 Megawatt array at the rear of 1574 Trumansburg Road. The town of Lansing had a meeting scheduled, but nothing was ever put online, nor was there a cancellation notice.

6. The townhouses at 902 Dryden are starting to rise up. Visum Development’s facebook page notes that the foundations for all structures are complete, and framing is underway; you can see roof trusses on the right of the photo. Looks like a typical wood frame with Huber ZIP sheathing, which has become the popular (and arguably more effective) alternative to traditional plywood and housewrap. According to the hashtag overkill, the 8-unit, 26-bed housing plan is still on track for an August 2017 occupancy.

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7. Quick wrap up, we now have addresses for the two-family homes going up on Old Elmira Road. They will be 125 Elmira Road and 129 Elmira Road. This means the end of the awkward Spencer Road/Old Elmira Road disclaimer in the next (and probably last) update in March, although for the sake of continuity the title of the post won’t change – continuity was the same reason 210 Hancock was co-tagged with neighborhood pride site for about a year. Just trying to make it easier to follow along.





210 Hancock Construction Update, 1/2017

9 01 2017

So much to see over at the 210 Hancock site. First, the prefabricated wood wall panels of section “A”, the south wing of the apartment building, are up to the top (fourth) floor, and one gets a pretty good idea of the vertical scale of the building. For the record, roof height will be 46 feet, not counting mechanicals. The second section to the north of it, “B”, was designed by HOLT Architects to be a little closer to the street, so it looks less like one continuous wall, and helps create the impression of separate structures. The first floor of these two subsections, which is framed by metal and wood rather than wood alone, will house the daycare, rental offices and commercial space. Sections “C” and “D” will consist of apartments over the indoor garage, which is currently wrapped in plastic sheeting, and separated from the other two section by a CMU stairwell.

The rental townhouses are fully framed (210 Hancock’s website says window install is expected to start soon), and it appears that Lecesse has start construction on the seven for-sale townhouses – the foundation walls have been excavated and poured. These units have a slab (shallow) foundation, and not having to worry about excavation allows the townhouses to move along at a faster clip. The apartments and rental townhouses should be ready by August, the for-sale townhouses by November. Ithaca Neighborhood Housing Services (INHS) has a website up for rental applications here and qualified home-owners here.

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210 Hancock Construction Update, 11/2016

2 12 2016

Plenty of progress at 210 Hancock. LeCesse has the foundation completed and the apartment building is out of the ground. The northern two segments have a parking garage on the first floor, hence the paving. Rebar poking out of the CMUs will tie into the steel structure. The southern two segments are a little further along. Steelwork is underway for both, with the first floor framed out. The southernmost structure, which will house the affordable daycare space, already has interior stud walls going up, as well as plywood with rough openings for doors and windows.

The five for-rent townhouses are much further along than I had anticipated. They are fully framed and it looks like tar paper is being applied to the rooftops. Looking at the sample wall at the corner of the property, there were a couple different housewraps in display – one was standard DuPont Tyvek commercial wrap, the other was Henry BlueSkin, which I’ve never before seen in a project around Ithaca. A little research suggests BlueSkin is a newer and more expensive product, but it seems to have its proponents. With fewer staples or button caps involved, it’s less labor-intensive to install, and less fastening comes with less of a risk of the vapor barrier being torn open and compromising its waterproofing abilities.

Both are fully synthetic plastic wraps with microscopic holes that allow moisture to breathe out without letting moisture in from the outside, preventing mold and wood rot. But in order for Tyvek to work effectively, all the joints and seams have to be taped tight to keep water from seeping in at the edges. Blueskin is created with an adhesive so that it doesn’t have to be taped down. However, BlueSkin still has to be fastened at window and door openings, the application surface has to be clean and dry, and it’s more difficult to apply in temperatures less than 40 degrees F – keep in mind, we’re at the onset of a northeast winter. I’m not sure which barrier will be applied where, but we’ll find out soon.
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News Tidbits 10/15/16: Stoops and Stumbles, Growth and Gables

15 10 2016

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1. The Maguire proposal for Carpenter Business Park will be heading to the Common Council next month, but the prognosis isn’t good. The city council’s Planning Committee voted 4-0 to say that the proposal didn’t fit with the city’s Comprehensive Plan for the near-Waterfront property – the plan calls for walkable, urban mixed-uses, preferably with residential components. The discussion wasn’t unanimous in its logic – 2nd Ward Councilmen Nguyen and Murtagh were stronger adherents to the plan, while the 1st Ward’s Cynthia Brock doesn’t think housing is appropriate – but they all disagreed with the multi-brand car dealership plan as-is. Maguire has asked for a delay in vote so that the plan could be tweaked, but the Committee voted to move forward.

Because of the 18-month TMPUD in place, the Common Council has to vote to approve all projects in the waterfront area, so the resolution to decline further review of the project will be voted on at the next non-budget Council meeting. It will not be unanimous – the 3rd Ward’s Donna Fleming wrote a letter of support for the project, and the 1st Ward’s George McGonigal voiced support for the concept though not this particular plan. But the chances of approval are pretty slim at this point.

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2. Judging from the site photos John Novarr’s project team sent along, it looks like environmental remediation has already commenced at the site of his faculty townhouse project at 119-125 College Avenue in Collegetown. 121 College, in particular, is already in the early stages of remediation. It’s a pretty extensive photo documentation, one that might have to do with historic preservation aspects, like determining what can be salvaged and reused. It’s pretty clear that the properties, which were recently acquired from an Endicott-based landlord who held the properties for decades, are in rough shape. Novarr seems to have a preference for prepping sites before plans are approved (ex. 209-215 Dryden), so it’s uncertain how much time these three boarding houses have left.

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3. Courtesy of the Ithaca Urban Renewal Agency’s Neighborhood Investment Committee, we get to see a pretty thorough breakdown of the expenses and revenues of an owner-occupied affordable housing project.

The details come as part of INHS’s application for $314,125 in Federal HUD HOME funds, to be used for the 7 for-sale townhouse units included with the 210 Hancock project, collectively called 202 Hancock. The funds would be used to cover soft costs, like project management, engineering and architecture fees, legal fees, and site inspections.

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The 202 Hancock project construction cost is estimated at $1,754,860, about $344,000 per unit, or about $198/SF. That’s expensive, but not unusual – 203 Third Street was about $190/SF. The cost is high due to rapidly rising construction costs, and due to federal guidelines and lender specifications, INHS is required to hire contractors with extensive insurance. Add in soft costs and it jumps to $2,408.371.

Now let’s consider the sales. The five two-bedroom units are expected to sell for $130,052 to a household making no more than $38,046. The two three-bedrooms will sell for $164,979, to households making $42,428/year or less. Those incomes don’t meet the rule-of-thumb of 3.4x annual income, but HOME funds cover part of the cost ($24,000 for the 2-bedrooms, $36,000 for the three-bedrooms). INHS gets $960,218 in the project sales – and that’s the same amount Tompkins Trust Company is willing to cover with a construction loan. So the initial gap is $1,448,155. Now we’re starting to see why new housing can be so expensive.

INHS gets $7,000 in revenue from Energy Star rebates on appliances, and has up to $351,153 equity they can put towards the project, most of that being the value the of 202 Hancock’s land. The IURA would issue a low-interest bond for $215,875 to be paid back by INHS, and the non-profit has secured $280,000 in grants directly from the state (NYS AHC), and $280,000 in NYS CDBG funds awarded by local governments (this tactic is known as “subsidy layering“). This complicated puzzle of funding sources is why so many developers are not interested in doing affordable housing.

Side note, one of the pre-development costs is market analysis. Might seem silly, but grant reviewers want proof the housing crisis isn’t just bluster, and that these units won’t sit empty. An analysis by Randall/West determined that at a sale price of $136,000 for a 2-bedroom, and $162,000 for a 3-bedroom, qualified buyers would be found and under contract within 4.6 months. The units should be available for occupancy by June 2017.

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Secondly, thanks to a legal settlement between the state and Morgan Stanley, a $4 million affordable housing grant is available for renovations of existing INHS scattered site rentals (98 units in 44 buildings across the city). Most of these units are rented to individuals making 60% or less of the area’s median income (about or less than $32k/yr). The funds would go towards major, long-term renovations, such as new roofs, windows, siding, and energy efficiency improvements. INHS could also use the funds, disbursed via the city, to refinance its portfolio, acquiring some of the properties and paying off $1.8 million in loans on already-purchased properties.

Here’s the short of it – the goal is to buy/pay off the scattered rental sites they manage, renovate and make them energy efficient and comfortable, lock them into the Community Housing Trust so that they become permanently affordable, transfer the land to a wholly-owned Housing Development Fund Corporation, and then sell some of the buildings to an LLC while INHS continues as property manager. The funds from sales would finance new affordable housing. This is all set up as it is to take advantage of legal and tax benefits of different corporate tax structures, while minimizing the drawbacks. Potentially, the Morgan Stanley settlement money could be used to leverage an additional $15 million in tax credits and affordable housing grants from the state.

Correction, per INHS’s Scott Reynolds in the comments section: rentals aren’t in the Community Housing Trust, but affordability would be required for 50 years.

Rochester-based SWBR would be in charge of renovation design plans, and 2+4 Construction will be general contractor. Tenants may need to be relocated as renovations occur, which will be coordinated by INHS staff. The goal is to have the settlement money accepted by the city by the end of the year, financing by April 2017, and renovations completed by the end of 2018.

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4. It’s another one of those special meetings – the city Planning Board will be sitting down next Tuesday to go over comments and sort another batch of public comments regarding the Chain Works DEIS, this time on public health. Once you get past the few pages of “this will never work and don’t bother trying”, there’s actually some interesting back and forth about remediation and what that entails. Also on the agenda are revisions to the Holiday Inn Express down in Southwest Ithaca – namely, they’re trying to avoid building the stairs to Spencer Road, as well as some other landscaping issues. At the second meeting later this month, the board is expected to Declare Lead Agency, open public hearings and review parts of the FEAF for TCAction’s Amici House, 8-unit 607 South Aurora, and the 8-story City Centre project on the Trebloc site downtown.

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5. The plans for Maplewood have been modified yet again, in a change that the project team hopes will please neighbors and the town of Ithaca planning board. In revised plans submitted this past Wednesday, the 4-story apartment building planned for Mitchell Road has been replaced with a few sets of 2.5 and 3.5-story townhouses and stacked flats, and Building B to its north was extended slightly to compensate for the loss of bedrooms. Even so, the accompanying letter from Scott Whitham states that the unit and bed count have decreased slightly, from 473 units and 887 beds, to 442 units and 872 beds.

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Also modified was their appearance – stoops, porches, dormers and gable roofs were added to give them a more harmonious appearance with the rest of the neighborhood. It’s not clear if the rest of the units were aesthetically modified as well.