Milton Meadows Construction Update, 12/2019

19 12 2019

Not completely done, but substantially complete enough that this will be the last visit. Only landscaping, paving, and exterior and interior finish work (trim pieces, carpeting) Three of the nine eight-unit apartment buildings have been opened for occupancy. The others will open over the next month or so. The units are by and large spoken for already, having been awarded through a housing lottery to screened but otherwise randomly selected income-qualified tenants (making 50-80% area median income).

This $17.3 million, 72-unit project is wrapping up, and with the confusion over Tiny Timbers it may be the only residential component of the Lansing Town Center for some time yet. A further 56 units may be built as a “Phase II” 2-3 years from now when the sewer is in. There will be at least one commercial neighbor moving in next year – the Salt Point Brewing Company has started site prep for their new 4,000 SF restaurant and tap room next door.

Project background and history can be found here. SWBR Architects of Rochester is the architect. Cornerstone Development Group is the developer, and the Taylor the Builders of Rochester served as the general contractor. Passero Associates served as project engineer.

The history and details of the project can be found here.


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Milton Meadows Construction Update, 9/2019

9 09 2019

The buildings are not yet complete, but Milton Meadows is accepting applications for its 71 units (the 72nd is for an on-site manager). Income qualifications are 50-80% of area median income with first preference to veteran’s; specific on the income levels, monthly rent and associated details can be found at the end of this post, and online on the NYS Homes and Community Renewal website here.

The initial application round was from June 9th to July 9th, and applications were selected by a housing lottery. What that means is that once applications are gathered, those that qualify are put in random order and given a log number. From there, the developer begins the review process starting with the lowest log number as well as any preferential applicants. The lower one’s log number is, the more likely one is to hear back from the lottery. If there are any units remaining after the lottery is complete, those will be filled with later applications. If they’re all full, then applicants will be hanging out on a waiting list. That could be a few months, or longer. INHS has been known to take a couple years to make it all the way through its backlog for its more desirable unit sizes and locations.

The nine apartment buildings generally progressed in the same order as their addresses. 1 Robin’s Way (42 Auburn Road), the community center, is essentially done. 2 Robin’s Way, the southeast corner building with eight 1-bedroom units, will be ready for occupancy by the end of the month. In this southern portion, the lighting and sidewalks have been installed/poured and even the grass seed has been laid. From there, buildings go backwards in the construction timeline – vinyl siding (probably Certainteed), a couple varieties of housewrap (Tyvek and a second blue-faced material), window and door fitting, and framing. 10 Robin’s Way, another building with eight 1-bedroom units, is just getting its shingles attached to the roof, and is otherwise fully framed but not much further along than that. 10 Robin’s Way will be ready for occupancy in the December time-frame, about three months later than first anticipated.

To give an idea of the visual differences between the building configurations, which come in eight one-bedroom, eight two-bedroom and eight three-bedroom flavors, the first photo shows a three-bedroom building on the left, a two-bedroom building in the middle, and a one-bedroom building on the right.

One kinda wishes they had gone with a more visually interesting color palate for the vinyl siding, which is two shades of grey and a tan, but chances are, it was whatever they could get that was durable and cheap in bulk. The early renders showed a different if still soft color palate.

Also in progress is the realignment of Woodsedge Drive with Louise Bement Lane, to make them a proper four-corner intersection. This is being paid for with a $75,000 state grant with in-kind labor from the town.

 


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Milton Meadows Construction Update, 5/2019

25 05 2019

From the Voice:

At the site of the future Lansing Town Center, the Milton Meadows affordable housing apartment complex is well underway. Cornerstone Development Group of Rochester is developing the 72-unit, $17.3 million project, which consists of 10 buildings, nine eight-unit apartment buildings, and a community center. The project is being built by Taylor the Builders and was designed by SWBR Architects, both of Rochester.

Gross rents (rent plus utilities) will range from $680 to $1,400 a month, with 64 units for households with incomes 50 to 80 percent of the area median income ($29,500-$47,200/year for a single person, $33,700-$53,900 for a two-person household). The remaining seven units are expected to rent at market rate, with the final one reserved for the live-in property manager. Along with military service veterans’ preference (first dibs) on all available units, five apartments will be set aside for service veterans with physical disabilities. More specifically, expected rent ranges are $680 to $750 for one bedroom units, $835 to $850 for two bedroom apartments, and about $950 to $1,100 for three bedrooms. Market rate units will max out at about $1,400 for a three bedroom unit.

Construction on the property launched last November and is moving along at a fast pace. The community center building is framed, sheathed and has been faced with siding and white trim boards. Two of the apartment buildings are framed and sheathed with windows fitted and Tyvek wrapped, two more buildings are being framed, and foundation work was underway on at least one more building. The unfinished Louise Bement Lane is the only road close to the project site and offers just a limited line of sight, so more apartment buildings could be undergoing excavation or foundation pours.

Cornerstone and Taylor have deployed this design in other towns, so they have a familiarity with it, and that allows for a more efficient deployment of labor, a quicker construction timeline, and a higher fit and finish because they know the design’s quirks and where they’ve had issues in the past. Expect the apartments to start hitting the market this summer, and for completion of the project before the end of the year.

***

Perhaps to add a little more, the building in the foreground with the blue water-resistive barrier is all one-bedrooms, and the one to its north is all two-bedrooms. There are three separate building layouts, one with 8 one-bedroom units, one with 8 two-bedroom units, and one with 8 three-bedroom units (the first of which is being framed to the west/middle of photo four). There will be three of each design here, and you can see what the finished examples look like at the webpage for the practically-identical Frances Apartments in the town of Sweden here.

Note that Woodsedge Drive has yet to be realigned to make a proper four-way intersection with Louise Bement Lane. It’s on the to-do list for this summer. I do not know what the grid of embedded steel pipes on the roadway is used for, as the site plan doesn’t indicate anything unusual here. Maybe it’s where underground utilities diverge from Bement Lane and into the project site.

More information about the Milton Meadows project, including site plan details and project history can be found here.


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Milton Meadows Construction Update, 2/2019

24 02 2019

Out to Lansing for this latest addition to Tompkins County’s deeply underserved affordable housing market.

Here are the spark notes: Milton Meadows, a project by Cornerstone Development Group of Rochester, is a 72-unit, $17.3 million affordable housing complex in the Lansing Town Center consisting of ten buildings, nine eight-unit apartment buildings and a community center. 71 of the units will be set aside for individuals making 50-80% of area median income, and the last unit is for a live-in property manager. Veterans who meet the income guidelines will get preference in the application process. The project will use electric heat pumps and be built to LEED Silver standards.

Now for the in-depth. This apartment project, to be built on 13.5 acres, is the first development to get underway at the 156-acre Lansing Town Center, across from the town hall and near the intersection of Triphammer Road and Route 34B. This location comes with its pros and cons – the pro is, the town’s pretty keen on getting the land developed into a tax-generating, mixed-use environment, and has been generally supportive of development in this area, even though it dropped the ball with the first attempt several years ago. The con is that Milton Meadows is the only project underway, and looks to be the only project underway for some time yet. That means there is not much nearby- the Lansing Market the town library, a gas station, and a few other homes and small businesses.

This puts up in the affordable housing conundrum. It’s easier to get approval in rural areas where there are fewer neighbors, but it also isolates residents from needed goods and services, and often forces them to own and maintain a car, which makes living in these developments on the suburban fringe that much less affordable. However, when your alternatives are Trumansburg residents advocating the village seize land through eminent domain to prevent affordable housing, or going through the wringer down in Ithaca, one can understand why something this far out in Lansing might have some appeal.

This project is a little hard to follow through Google, because its name changed three times. It debuted as Lansing Commons in August 2017, changed to Lansing Trails in September, and then to Milton Meadows a few months later. Milton was actually the original name for Lansing, indirectly – Milton was changed to Genoa in 1808, and Lansing was split off from Genoa in 1817, the same year Tompkins County was established. It’s worth noting that “Lansing Commons” is the name of the housing development at the end of Woodsedge Drive, and “Lansing Meadows” is already taken.

For the sake of pointing it out, there was plenty of opposition here. The chairman of the town of Lansing Planning Board, typically one of the easiest boards to get approval from in the whole county, voted against the customary declaration of lead agency on the affordable apartment complex The reasoning was a fear that its lower-income occupants would create more crime. More appropriate commentary was made about taxes and increases in student enrollment. The chairman recused himself from further discussions after that outburst. Town supervisor Ed LaVigne has spoken in favor of the project as needed workforce housing by a responsible developer and property manager, and the project was approved last November.

Substantial funds were awarded by the state in May, and Cornerstone paid the town $337,500 for 22 acres at the end of October (for the approved phase and potential second phase). Construction work began in December.

Plans for a second phase of 56 units were shelved during the review process; Cornerstone can always revive it later, but it will be a second approvals process if/when that time comes. The reason for this was to provide space for the on-site sewage treatment field. The project will eventually hook into the town sewer when built, which will allows plans for the second phase to move ahead, expected in 3-5 years.

Gross rents (rent plus utilities) will range from $680 to $1,400 a month, with 64 units for households with incomes 50 to 80 percent of the area median income ($29,500-$47,200/year for a single person, $33,700-$53,900 for a two-person household). The remaining units are expected to rent at market rate. Along with veteran’s preference on all available units, five apartments will be set aside for veterans with physical disabilities. More specifically, expected rent ranges are $680 to $750 for one bedroom units, $835 to $850 for two bedroom apartments, and about $950 to $1,100 for three bedrooms. Market rate units may rent as high as $1,400 for a three bedroom unit.

Nine of the structures will be apartment buildings ranging from 6,600-10,200 square feet (SF), with 8 apartment units apiece. The buildings are designed so that all the units in a structure are the same size range, so all one-bedroom buildings (4), all two-bedroom buildings (3), and all three-bedroom buildings (2). The last building would be a 3,100 SF community center with a computer room, laundry room and gym. Also included are 139 parking spaces, a community garden, sidewalks, playground, and stormwater management facilities. SWBR Architects of Rochester is the architect. Cornerstone and its general contractor, Taylor the Builders of Rochester, have deployed this design in other towns, so they have a familiarity with the design, which allows for more efficient deployment of labor and a higher fit and finish because they know the design’s quirks, and where they’ve had issues in the past. Passero Associates served as project engineer.

As it often is for affordable housing, the financing comes from a variety of public and private sources. The project is supported by a NYS Homes and Community Renewal award of federal low-income housing tax credits (LIHTC) that generated about $9.9 million (from $5.1 million in credits; quick rehash, LIHTCs are sold to banks and similar financial institutions so that they get the tax credit, and the affordable housing developer gets the money they need to move forward with a project), and a $4.05 million loan from the Housing Trust Fund. The Community Preservation Corporation is providing a $2 million permanent loan through its funding agreement with the New York State Common Retirement Fund. Additionally, the Tompkins County Community Housing Development Fund is providing $256,875; NYSERDA is providing $63,200; and private firm Column Financial is providing a loan of $850,000.

Separately, Woodsedge Road, just to the south of the project, will be reconfigured to make a four-way intersection with the development. This is a $75,000 grant with in-kind labor from the town.

Site grading and prep work is currently underway at the project site. The access road is crushed stone for now, the asphalt planned are closed for the winter season. It will be paved in the spring, and christened “Louise Bement Lane” after the longtime town historian. The access road will be built by Cornerstone to town standards, and deeded over to the town for public use after the apartments have been finished. The internal road for the apartments will be Robin’s Way, after Robin Rubado, Cornerstone’s Vice-President of Housing. The prep for the interior roads is underway, but it will not be paved until most of the buildings are built. The first buildings will be opened by the end of June, with full occupancy by the end of September 2019.

More formation about the Milton Meadows project canbe found here.

The Frances Apartments in the town of Sweden, a nearly identical design.


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Cayuga View Senior Living Construction Update, 3/2018

20 03 2018

It looks like Taylor the Builders has started attaching exterior finishes to the Cayuga View Senior Living apartment building. That includes decorative cornices, brick veneer, and what appears to be a few different shades of EIFS panels. EIFS (Exterior Insulation Finishing System), sometimes called synthetic stucco or by commercial brand names such as DryVit, is a lightweight, waterproof finishing material – usually it’s two-inch thick polystyrene (rigid foam) insulating panels with an acrylic finish to mimic the appearance of stucco, along with adhesive and drainage structures. EIFS is low-maintenance; it gained popularity in the 1970s and 1980s, but developed an infamous reputation for water damage due to improper installation, which is why so many building codes are stringent about adequate drainage systems for new builds. The boards can also be damaged fairly easily by blunt-force impacts. It tends to be more common on commercial buildings than residential structures, but it is not an uncommon choice of finishes for wood-frame multi-family buildings. Other recent builds using EIFS include the Holiday Inn Express on Elmira Road, and the Seneca Way Apartments on the edge of Downtown Ithaca.

Interestingly, the top floor’s panel boards are a lighter color than the third floor – renderings have them both being the same color.

Also, note the poles and flags on the roof – that’s a good indicator that some material is being applied, probably EPDM, which is a synthetic rubber. The project team recently announced that the 87,500 SF building will not only host a rooftop garden, but a 46kW, 151-panel solar array courtesy of installer SunCommon NY of Rochester.

Current plans call for the first occupants to begin moving into its 60 apartments by the end of May (the website advertises a summer occupancy, and a leasing office is present on-site). Cornerstone Group, also of Rochester, has been selected to manage the building, whose units are reserved for those aged 55+. I’ve been in touch with the project team, and there might be a sneak preview article in the Voice a few weeks before opening.


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News Tidbits 9/23/17: It’s All In The Hips

23 09 2017

1. Points for being open and blunt, one supposes. The chairman of the town of Lansing Planning Board, typically one of the easiest boards to get approval from in the whole county, voted against the customary declaration of lead agency on the Lansing Trails affordable apartment complex planned for the town center. The reasoning was a fear that its lower-income occupants would create more crime. Rather surprising that it wasn’t veiled behind the usual guise of “concerns about neighborhood character”.

Other PB members did raise more appropriate concerns that the 581-a tax abatement to be pursued by the project may end up offsetting the property tax increase enough to cost the town, mostly through the enrollment of new students in the Lansing school district. A third-party study explained that there would likely be 43 students in the roughly 200-bedroom complex, of whom 14 would be relocations from other parts of town, and 29 who would be new to the district. Reflecting national demographic trends, local school enrollments have been in decline as Millennials are replaced with their less numerous Gen Z peers, so it’s not really a question of capacity since the schools were designed for larger class sizes, but a concern about the tax obligations and avoiding the burdening of other taxpayers. Town supervisor Ed LaVigne has spoken in favor of the project as workforce housing by a responsible developer and property manager.

The Star’s Dan Veaner takes the middle road in his editorial, noting the project fills a need, but worried about the tax impact. I’d argue that’s while it’s a fair question, it’s probably a bit premature. There have been discussions for the other parcels in the town center that just have yet to come forward. Tiny Timbers is potentially 60 units of mid-priced owner-occupied housing (at $200k per home, that would be $12 million without counting site-wide improvements like sidewalks and community greenspace), and there are possibilities for the other parcels that are being drafted up and fleshed out before being made public. We the public don’t know what those are – there could be market-rate senior housing, patio homes and mixed-uses like the projects submitted in 2014. If three or four are affordable housing, sure, be concerned. But the town knows all the proposals, and hopefully its committee selected its choices for each lot with sound logic in mind.

2. Speaking of Lansing Trails, according to the new planning board comments, its name has been changed to “Milton Meadows”. Milton was actually the original name for Lansing, indirectly – Milton was changed to Genoa in 1808, and Lansing was split off from Genoa in 1817, the same year Tompkins County was established. It’s worth noting that “Lansing Meadows” is already taken. This would be name number three, since they had previously changed Lansing Commons to Lansing Trails.

The updated documents note that the second phase and its 56 units aren’t likely to start construction for 3-5 years, depending on external factors such as the availability of affordable housing grants, and how well the local market absorbs phase one.

3. Staying on the topic of affordable housing and taxes, the town of Ithaca will be reviewing a PILOT proposal from NRP Group to offset some of the property taxes with the Ithaca Townhouses project approved for West Hill near the hospital. Readers may recall the Ithaca Townhouses are a 106-unit, two-phase project that will be rented to households making 50-130% of area median income, with an option for renters to purchase units after a 15-year period.NRP Group is asking for the PILOT to offset the higher initial cost of using electric heat pumps in place of conventional gas heating, the difference of which they estimate to be about $300,000 upfront.

The town utilizes a few PILOT agreements, either with some of its 55+ affordable housing (Ellis Hollow Apartments, Conifer Village), the College Circle Apartments that Ithaca College purchased a few years ago, and Ithaca Beer. The combination of a lower assessed value and a PILOT generally seems to take about 25-30% off the total property tax bill.

4. Here’s a little more info on the the proposed Brown Road Pocket Neighborhood in Danby. The above image appears to be the preferred cluster housing that the development team (led by Newfield businessman Mike McLaughlin), but conventional zoning only allows for the layout shown here. Small-scale cluster zoning has found a market in the Ithaca area over the past few years with projects like New Earth Living’s Aurora Street Pocket Neighborhood and the long-planned Amabel project, and Danby’s take on the concept would benefit from lower land costs, which would help keep the overall costs down and make the for-sale homes available to a wider swath of the county’s potential homeowners. The homes, which are modest 1,000 SF one and two-story plans that share a communal parking lot, are designed for residents who wish to age in place.

5. Some revisions have been made to the design of Modern Living Rentals’ 42-unit townhouse project at 802 Dryden. To create a little more visual interest, the townhouse strings have been diversified a bit – the rooflines were modified on two of the six strings to create a hipped roof, while the other four remain gable roofs. The fenestration was also updated, and sections of the building faces were bumped-out modestly, distinguishing individual units within the strings. The overall effect gives them a distinct appearance from their counterparts up the road at 902 Dryden, and allows the team at John Snyder Architects to give the recycled design their personal touch. Other documents, like the cover letter, utilities plan, and landscaping plan can be found here.

The public hearing is scheduled for next week, but to be honest, these haven’t generated much attention, let alone controversy. The biggest issue right now is water supply, which relies on the Bolton Point system shared by both Ithaca and parts of Dryden. 802 Dryden can get its water issue remedied by tapping a segment in the town of Ithaca’s jurisdiction, and Ithaca is interested in transfer control and maintenance of the control valve that allows that to Dryden. Given Charlie O’Connor’s South Hill debate currently underway, the relative shrug this project has received from the public might be a welcome relief.

6. Nothing new on the Ithaca City Planning Board agenda next week. That’s not to say there aren’t several projects in the works, they just aren’t ready to submit formal proposals at this time. Lakeview’s special needs and affordable housing is up for approval, as is Charlie O’Connor’s duplex at 217 Columbia (even if the South Hill overlay goes into effect, this project would be grandfathered in because it started review under existing zoning). It looks like Lakeview will use the same kind of vibratory pile-driving used at INHS’s 210 Hancock, subcontracted to Ferraro Pile and Shoring by general contractor Hayner Hoyt.

Speaking of INHS, they will be taking part in the public hearing for their 13-unit Elm Street reconstruction on West Hill, and public hearings are planned for the Nines replacement at 311 College, and Elizabaeth Classen’s ILPC-approved 16-bedroom senior mansion in Cornell Heights. The Nines inspired several letters of protest, and first ward aldermen George McGonigal chimed in his hopes that the affordable housing would be reduced for Lakeview and INHS (the planning board disagrees).

Here’s what the board has to look forward to on Tuesday:

AGENDA ITEM Approx. Start Time

  1. Agenda Review 6:00
  2. Special Order of Business- Draft Design Guidelines for Collegetown and Downtown– Megan Wilson 6:01
  3. Privilege of the Floor 6:30
  4. Site Plan Review

A. Project: 709 West Court Street 6:40

Location: 326 & 328 N Meadow St. and 709 – 713 West Court St.

Applicant: Trowbridge Wolf Michaels for Lakeview Health Services Inc.

Actions: Consideration of Preliminary and Final Approval

Project Description:
The applicant proposes to construct a five-story L-shaped building with footprint of 10,860 SF and GFA of 62,700 SF on the .81 acre project site comprising four tax parcels (to be consolidated). The building will contain sixty (60) one-bedroom apartments plus associated shared common space (community room, laundry facilities, lounges, and exterior courtyard), support staff offices, program spaces, conference room, utility rooms, and storage. The siting of the building allows for a small landscaped front yard, a south-facing exterior courtyard, and a 16 space surface parking lot in the rear of the site. Site development will require the removal of five structures and associated site elements. The project is in the WEDZ-1 Zoning District. This is a Type I Action under the City of Ithaca Environmental Quality Review Ordinance (“CEQRO”) §176-4 (1) (k) and (n), and the State
Environmental Quality Review Act (“SEQRA”) § 617.4 (11) and is subject to environmental review.

B. Project: Elm St Apartments 7:10

Location: 203-211 Elm St

Applicant:Lynn Truame for Ithaca Neighborhood Housing Services Inc. (INHS)

Actions: Public Hearing, Determination of Environmental Significance

Project Description:
The proposed project consists of the demolition of a two single family homes and one duplex and the construction of a single 12,585 SF apartment building with 13 dwelling units, parking for six vehicles, and other associated site improvements. Due to the slope of the site, the building will have 2 stories facing Elm Street and three stories in the rear. The project requires the consolidation of three tax parcels. The project is in the R-3a Zoning district and is seeking two area variances for relief from rear yard setback and parking requirements. This is a Type I Action under the City of Ithaca Environmental Quality Review Ordinance (“CEQRO”) §176-4 (1)(h)[3], and the State Environmental Quality Review Act (“SEQRA”) §617.4 (11) and is subject to environmental review.

C. Project: Duplex 7:30

Location: 217 Columbia Street

Applicant: Charlie O’Connor for 985 Danby Rd LLC

Actions: Declaration of Lead Agency, Determination of Environmental Significance, Potential Consideration of Preliminary & Final Approval

Project Description:
The applicant is proposing to install a duplex with one 3- bedroom apartment on each floor. The
new structure is proposed to be sited directly behind the existing duplex on the property. As the project will increase the off-street parking required from two to four spaces, the applicant is proposing to shift the existing curb cut to the east and install an expanded parking area and drive aisle along the eastern property line. The project also includes removing a 30”dbh oak and one street tree, closing the existing curb cut, installing a fence, landscaping and walkways. The project is in the R-2a Zoning District. This is an Unlisted Action under the City of Ithaca Environmental Quality Review Ordinance (“CEQRO”) and the State Environmental Quality Review Act (“SEQRA”) and is subject to environmental review.

Project: Apartments 7:50

Location: 311 College Ave (The Nines)

Applicant: Jagat P Sharma for Todd Fox

Actions: Declaration of Lead Agency, Public Hearing, Review of FEAF Parts 2 & 3

Project Description: The applicant is proposing to construct a six story, 80’ high building plus basement. The first floor will have an approximately 825 SF commercial space and five studio apartments, upper floors will have a combination of 21 studio and 24 loft apartments for a total of 45 dwelling units. The applicant’s intended market is students. Project development will require the removal/ demolition of the existing structure and all associated site features. The existing building incorporates the original Number Nine Fire Station and was identified as a structure worthy of further research in a 2009 study titled Collegetown Historic Resources Worthy or Detailed Research; Icons of Collegetown, Individual Buildings, Architectural Ensembles and Landscape Features. The project is in the MU-2 Collegetown Area Form District (CAFD) and requires Design Review. This is a Type I Action under the City of Ithaca
Environmental Quality Review Ordinance (“CEQRO”) §176-4 B.(1)(k) and the State Environmental Quality Review Act (“SEQRA”) § 617.4 (b)(11) and is subject to environmental review.

Project: Bridges Cornell Heights Residence (Senior Housing) 8:10

Location: 105 Dearborn Place

Applicant: Elizabeth Classen Ambrose

Actions: Declaration of Lead Agency, Public Hearing, Review of FEAF Parts 2 & 3

Project Description:
The applicant is proposing to construct a two story single family residence with 12 bedrooms
to house up to 16 people on the .446 acre lot. The building will have a footprint of approximately 4,150 SF, including porches. Site improvements include a porte couchere, a driveway and parking area for nine cars, three patios, walkways and landscaping plantings. The site is currently vacant. Site development will require the removal of approximately 25 trees of various sizes. The applicant is proposing to use the Landscape Compliance method, which requires Planning Board approval for placement of the parking area. The project is in the R-2a Zoning District and the Cornell Heights Local Historic District and has received a Certificate of Appropriateness from the Ithaca Landmarks Preservation Commission (ILPC). This is a Type I Action under the City of Ithaca Environmental Quality Review Ordinance (“CEQRO”) §176-4 (1)(h)(4) and the State Environmental Quality Review Act (“SEQRA”) § 617.4 (b)(11) and is subject to environmental review.

4. Zoning Appeals 8:30

5. Old/New Business 8:40
A. Planning Board Report Regarding the Proposed Local Historic Landmark Designation of 411-415
College Avenue- The Chacona Block
B. Upcoming Planning Board Recommendation to Approve Draft Design Guidelines for Collegetown &
Downtown – discussion


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News Tidbits 9/9/17: Shopping for Sales

9 09 2017

1. As Dan Veaner at the Lansing Star reports, the new owners of the Shoppes at Ithaca Mall (aka Pyramid Mall) are planning to roll out new tactics to counter the ongoing, nationwide retail apocalypse currently underway. Instead of leasing locations, the mall owner would like to subdivide retail spaces within the mall under a Planned Development Area (DIY zoning, in essence) so that tenants could potentially own their spaces instead of renting them, under the hope that when they own a store location, they are less likely to close it and will opt for closing rented spaces elsewhere. Because customary use-based (Euclidean) zoning is not suited for this unusual arrangement, a PDA has been suggested, and the village of Lansing seems amenable to the idea.

On a related note, another subdivision of the mall properties would open up a portion of the parking lot behind the Ramada Inn for the development of an extended-stay hotel. This would probably play out over a few years, given the time to design a project, secure a brand and ask for village review/approvals. Market-wise, it’s not implausible, since the other hotels planned, like the Canopy downtown or the Sleep Inn at 635 Elmira Road in Ithaca town, are geared towards the overnight crowd, and the overall market is growing at a sustainable pace. As long as the local economy continues its modest but steady growth, a medium-sized specialty property that opens in two or three years would probably be absorbed by the local hospitality market without too much fuss.

2. Meanwhile, over in the the town of Lansing, a couple of minor notes and some name changes. From the town of Lansing Planning Board agenda, it appears the 102-unit Cayuga Farms development is now going by the name “Cayuga Orchard”. The project, which has been stuck in red tape due to the stringent review of modular sewage treatment systems, is seeking modifications to their plans, which was summarized in the Voice here. The short story is that the project has the same number of units, but the impermeable area has been decreased and the number of bedrooms is down from about 220 to 178. That should help reduce stormwater runoff, and if the town sewer isn’t through yet, it could make the modular system more feasible.

Secondly, Cornerstone’s Lansing Commons Apartments are being rebranded as the “Lansing Trails Apartments”, which makes sense since there aren’t any “Commons” in the town, but the town center property is traversed by numerous recreational foot trails. The town has endorsed Cornerstone’s two-phase, 128-unit development plan for affordable rental housing, though the planning board did express concerns with the impact of dozens of additional school children on a property with 581a property tax breaks, which may result in a 4% increase in school taxes in the default scenario. The number could vary given the number of kids that actually live there – the board ballparked 80 for their back-of-the-envelope analysis, which given 128 units and roughly 208 bedrooms in the project, isn’t unreasonable.

3. On that note, it appears Cornerstone and NRP have applied to the county’s affordable housing funding grant for a bit of financial assistance towards their respective projects. Cornerstone is seeking funds for qualified units within the 72-unit first phase of its Lansing Trails project, and NRP is seeking funding for qualifying units within the 66-unit first phase of its Ithaca Townhomes project on West Hill. Each organization would receive $256,975, mostly in Cornell-donated funds, if approved by the county legislature. The money may be leveraged and with less needed from traditional affordable housing funds, it may make each project more appealing from a federal or state grant perspective, with demonstrated municipal interest and more “bang for the buck” on the grantor’s end.

4. The two-building apartment complex planned at 232-236 Dryden Road is one step closer to construction. According to Tompkins County records, Visum Development bought the two properties on which the project was proposed (114 Summit Avenue and 232-238 Dryden Road) for $7.65 million on Monday the 5th. The properties are only assessed at $2.55 million, but sellers tend to enjoy a hefty premium when developers have intent for their parcels.

The following day, the building loan agreement was filed. The loan, for $16,354,628, was granted by S&T Bank, a regional bank based in Pennsylvania that has no retail banking presence in Ithaca, but has served as the financier for several projects, including the Holiday Inn Express that recently opened on Elmira Road, and Visum’s just-opened 201 College Avenue project.

A breakdown of the costs shows the total project cost is $22,780,334. There’s $13,020,010 in hard costs (materials/labor), $7.65 million for the purchase, $475,000 in soft costs (architect/engineering/legal), $250,000 for the demolition, and the rest is for taxes during construction, interest reserve (interest on the construction loan during construction). $650,000 (5% of the hard cost) is set aside as contingency funds just in case the expenses clock in higher than expected.

Along with the loan, Visum and its investor appear to be putting up $6.325 million in equity. With these hefty sums, one has to be pretty certain of their investment. In Collegetown, they often are.

Visum CEO Todd Fox has previously stated construction is expected to start this month on the 191-bed apartment property, with an eye towards an August 2018 completion.

5. The Old Library property sale is official, on an 11-3 vote. Legislators Kiefer, Chock and McBean-Claiborne voted no, none of which are an big surprise since, as members of the Old Library Committee, they found something to dislike with every proposal back in 2014. If anything, the surprise might have been legislator Kelles, who while not a fan, supported the mixed-use project. Travis Hyde Properties will bring 58 senior apartments, community space administered by Lifelong senior services, and a small amount of commercial space when the building opens in 2019.

6. So this is interesting. Josh Brokaw is reporting over at Truthsayers that Cayuga Medical Center wants to move the Community Gardens off the land. That is a story being covered further by my colleagues at the Voice, but notable to this blog’s purview are two nuggets of information.

One, Guthrie and CMC had *a bidding war* for the property, which explains a couple of things. It explains why CMC paid $10 million for a property the Maguires only paid $2.75 million for, and it offers a clue as to why Guthrie purchased the neighboring Cornell warehouses. They both have had plans for that area, and working together isn’t a part of them.

Two, Park Grove Realty is involved with CMC. They’re a young Rochester-based company generating lots of news in Lansing with a lawsuit-laden 140-unit townhouse project, and they purchased the Chateau Claire apartments and renovated them into the upmarket Triphammer Apartments, which generated its own share of controversy.

Anyway, it makes the commotion down by Carpenter Business Park that much more interesting. Nothing has come public yet, but keep an eye on it.

7. On a related note, it’s not much of a physical change, but Maguire is using some of that cash windfall to officially acquire the former Bill Cooke Chevy-Olds-Caddy dealership on Lansing’s Cinema Drive. The franchise rights were transferred over ten years ago, but the property itself was still under the ownership of the Cooke family. Thursday’s sale was for $2,015,000. The 4 acres and 19,857 SF building was assesses at $1.8 million, so it appears the sale price was a fair deal for both sides.

I would be remiss not to point out that the buyer was “Maguire Family Limited Partnsership”. No LLCs cloaking this purchase like with Carpenter Business Park.

7. Now that the state has okayed the Cargill expansion, the above-ground portion of the project has to go before the Lansing planning board. The surface facilities, expected to cost $6.8 million, consist of a 10,000 SF administration building, a 2,100 SF maintenance building, a 2,600 SF hoist house, parking, landscaping and signage. A hoist house is essentially an industrial-strength engine room for operating the lift that brings people and equipment up and down from the shaft. It’s likely the primary cost contributor in the surface portion of the project.

As seen in the renders above, it’s designed for functionality rather than aesthetics, though Cargill did attempt to make the shaft building barn-like to blend in better with the farms. Construction on the above-ground structures is expected to start next year and run for about 18 months (the mine is being built from the bottom up). Although not shown in the renders, trees will be planted around the developed area to provide a green screen and help dampen noise.


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Categories : affordable housing, collegetown, construction (planned), general housing, ithaca, news, student housing, Tompkins County