Tompkins Financial Corporation Plans New Headquarters Downtown

25 03 2015

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Downtown Ithaca will be getting another large addition in the next couple of years, if Tompkins Financial Corporation has their way.

The local financial services company has announced plans for a new headquarters in downtown Ithaca. The location of the proposal, 118 East Seneca Street, is between the DeWitt Mall and Seneca Place on the Commons. The site is currently home to a small drive-thru branch of Tompkins Trust Bank.

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The sketch plan can be found here. Currently, there is no specific design, only a massing diagram (local firms Trowbridge Wolf Lansdcape Architects and HOLT Architects will be designing the new building). Potentially, the project could be seven floors, 100 feet tall, and about 110,000 GSF. Plans call for a small amount of enclosed parking on the first floor behind the building footprint, with floors 2-7 being built out and over the parking.

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The bank branch would be moved across the street to 113-119 East Seneca, and though it’s a little hard to tell from the images provided, it looks like the buildings on site will remain in place, while major renovations are applied to the ground level. 113-119 East Seneca currently has a surface lot topped by three floors of offices.

The project has a fairly quick schedule, with formal plans expected at next month’s Planning Board meeting, and final approvals for the headquarters expected by June. According to the blurb on the Ithaca Times, completion is anticipated by January 2017.

Tracing its history back to 1836 and the establishment of Tompkins County Bank, the Ithaca-based company offers retail and corporate banking, insurance, and asset management services. Along with Tompkins Trust Bank, TFC operates several other subsidiary banks, including Tompkins Bank of Castile on Western New York, and Tompkins VIST Bank in Southeastern Pennsylvania. Collectively, the company holds about $5 billion in assets and employs 1,000, including 400 in its headquarters.

On a final note, it’s worth noting that TFC turned down participation in the U.S. Treasury’s TARP program, otherwise known as the “bank bailout”, and was did not offer subprime loans during the 2000s housing bubble.





Ithaca Marriott Construction Update, 2/2015

10 02 2015

The land for the new Ithaca Marriott exchanged hands on January 13th, the groundbreaking ceremony was January 22nd. With those events filed away, there appears to be some real site prep going on at the site, located at the intersection of E. State and S. Aurora Streets. The site has very clearly been disturbed, although last Saturday appeared to be a day off for the construction workers. The sidewalk on S. Aurora Street is closed, and excavators and dump trucks are ready and waiting. The first major step in this project will be to clear the asphalt and soil on site and dig deep enough to enable foundation work to take place. Expect that work to take place for the rest of the winter and into the spring.

The $32 million, 10-story, 159-room hotel is slated for an opening in Q3 of 2016 (July-September). This is pushed back from the previously given date of Spring 2016. While this new date misses the lucrative graduation season, it will still be able to take advantage of the summer crowds and back-to-school visitors, if all goes to plan (and we’ll see if it does). The new date also places the opening of the Marriott a couple of months behind the opening of the new 123-room Canopy Hilton a couple blocks away. With 282 more hotel rooms downtown, businesses that cater to tourists and other travelers will welcome the boost in business. Who knows, perhaps the Commons will finally be done with reconstruction by then.

According to a press release from developer Urgo Hotels (or the Ithaca Journal paraphrase), the hotel will include a fitness center, a restaurant with indoor and outdoor seating, and 3,000 sq ft of meeting space. While the hotel is underway, some details are still being ironed out – the hotel signage (which requires a zoning variance) was derided as too generic and bright, and Urgo Hotels withdrew the proposed design. Urgo has a year or so to figure out what kind of signage they and Marriott would like to install, and don’t expect any delays just because of signage.

The hotel has been designed by Atlanta-based Cooper Carry Architecture and development is a joint venture of Urgo Hotels of Bethesda and Ensemble Hotel Partners, a division of Ensemble Investments. Urgo’s portfolio includes at least 32 other hotels totaling 4,500 hotel rooms. Interior design will be handled by Design Continuum, W.H. Lane of Binghamton is the general contractor, and Rimland Development contributed the land to the joint venture and is a partner. Long Island-based Rimland was the original firm that pitched the project in 2008 as the “Hotel Ithaca”, before the old Holiday Inn downtown went independent.

Off the record, have we settled that it’s 159 rooms and not 160? Because this is confusing me to no end.

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Carey Building Construction Update, 2/2015

9 02 2015

I was originally going to schedule this for later in the week, but I figure I’ll run it now, since the recent twitter chatter is observant but mistaken. The Canopy Hotel is not under construction. At least, not yet. The hotel is expected to start in early Spring. But the work on the Carey Building addition is just beginning.

According to Jason Henderson at Ithaca Builds, building contractor LeChase Construction is currently conducting underpinning work on the Carey Building. Underpinning is the name of the process by which a foundation is strengthened – certainly necessary when one is about to add five floors onto a 2-story building. The second to last photo here shows some of the underpinning work on the eastern foundation wall, and the tarp is on the roof indicates prep-work for the upcoming expansion. LeChase will also be handling the construction of the Canopy Hotel next door.

It’s quite unusual in a place like Ithaca to have two separate large projects right next to each other under construction at the same time. This will be logistically complicated. In a letter to the Canopy developers, LeChase’s large trucks will have their brakes inspected before entering State Street, and will be escorted down the hill to a designated area on Seneca Street, and will leave the city via Seneca Street. According to construction phase diagrams, The steel for the Carey Building will be erected first; then, using the same crane, LeChase will begin installing steel for the new hotel. Sharing the crane will result in a cost savings to both owners.

When most of the western side of the hotel has had its steel structure craned into place, LeChase will transition to a smaller crane and switch the material unloading and staging area to East State Street. This is because the hotel occupies most of the site, so the crane is reduced and East State street will be closer to the location of the new crane. Cladding and interior materials will continue to be fed in via E. State Street through the project’s completion in Spring 2016. The Carey Building will have been completed by then, finishing by the end of summer 2015.

The Carey Building addition will add a third floor and 4,200 sq ft to the Rev business incubator (nearly doubling it to 8,700 sq ft), and on floors 4-7, there will be 20 apartments. Floors 4 and 5 will have 16 studio apartment units that average only 400-500 sq ft, their small size enabling them to be rented at a lower price. The 4 units on floors 6 and 7 will be larger 2-bedroom units. The $4.1 million project is being developed by local firm Travis Hyde Companies.

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News Tidbits 1/31/15: History Comes Alive

31 01 2015

With no new projects before the city planning board, and the town cof Ithaca ancelling its planning meetings twice in a row (something that happens only once every couple years), the end of January is shaping up to be a slow period. But that’s not to say there’s no news at all.

1. From the twitter account of local firm Jason K. Demarest Architecture:

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No details in the tweet, but I’m getting the impression that the Shen family, who own the Simeon’s building, hired Demarest as the architect for the reconstruction. If that’s the case ( it seems likely, given that the firm handled the expansion of Simeon’s resutaruant in 2009), and this is a preliminary design, then I can only express the greatest of joys that the south facade will be sympathetically rebuilt to its former charm and glory. Fingers crossed.

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2. Sticking with the history theme, the city ILPC (Ithaca Landmarks Preservation Council) is considering another historic district, a seven-building district in central Ithaca being called the “Titus-Wood Historic District“. I can think of two reasons for this plan:

I. A historically notable carriage house at the back of 310 W. State Street has been threatened with demolition, much to the dismay of local preservationists. If designated, demolition becomes much more difficult (an “economic hardship” clause has to be invoked and approved by the council).

II. The West State corridor is a target for development under the new Ithaca Comprehensive Plan, which could potentially put the other buildings at risk in the long term.

There’s been no major opposition to the proposal so far, so this is probably good for approval at their next meeting.

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3. Also in the same ILPC meeting, a single-family home at 421 N. Albany Street is being considered for historic designation. The house was home to a precursor of the Alpha Phi Alpha fraternity who have sought to purchase the property and restore it as a historic fraternal landmark. The African-American fraternity (the first fraternity of its kind) is also raising money to build a monument at 411 East State Street (shown above, zoning appeal application from last summer here). The 411 East State site is owned by Travis Hyde Properties, and the national fraternity appears to have negotiated use of that part of the property for its monument.

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4. Courtesy of the Ithaca Times, we now know the renovation of the furniture store at 206 Taughannock will yield seven apartments and commercial space. The Lehigh Valley House building being renovated next door (covered by Ithaca Builds previously) will host a satellite office of the IPD on its ground floor, with six condos on the upper two floors. 206 Taughannock is being developed by Mark Zaharis, and Lehigh Valley House by Tim Ciaschi.

If Ithaca has any sort of “warehouse district” like the larger cities, Inlet Island is probably the closest comparison. Traditionally, it’s been a blend of commercial and industrial uses, and low-income families whose homes were lost to the construction of the flood control channel in the mid-to-late 1960s. In recent years, with the passage of more amenable zoning and increasing interest/rising land values in Ithaca city, the island and West End have started to receive attention from developers. In the past year, the aforementioned two projects and the 21-unit 323 Taughannock have been proposed and/or started construction, and interested parties are rumored to be waiting on the sidelines, ready to propose their own projects based on the success of these pioneers. Among those interested parties are Tom[kins County and the city of Ithaca, who are busy persuading the state to sell or move out of underused properties so that they can be made available for development.The city has had a strong interest in redeveloping the island for decades.

I think the potential is here for substantial development, and so far, the projects underway are doing well; it’s not remiss to suggest there will be more in the next couple years. But the idea of development is still controversial, with concerns of traffic and loss of local character. I have no doubt it will be a spirited debate.

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5. The charitable trust of the Al-Huda Islamic Center has officially purchased the land that will hold the Ithaca area’s first stand-along mosque. The vacant parcel at 112 Graham Road in Lansing was purchased for $64,900 on January 29th. The special permit for a religious building was approved by the village back in August of last year. The cost of construction is expected to be in the range of $600,000, which is to be raised through donations. I have no idea how close they are to their goal, but the land purchase is auspicious.





News Tidbits 1/17/15: Capturing “The Essence of Local Surroundings”

17 01 2015

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1. Token PSA: The third meeting for INHS’s Hancock Street/Neighborhood Pride redevelopment is next Wednesday, the 21st, 4:40-7:30. Attendees are not required to be there for the entire time. The goal of meeting three is to discuss design concepts for the proposed buildings that comprise the two remaining/competing site plans. I look forward to writing a follow-up after the meeting.

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2. Finally, some drawings for the 102-unit Cayuga Farms townhouse project in Lansing, courtesy of the Lansing Star. They look like stereotypical “McMansions” that happen to have shared walls, and the rental price for the 2 and 3-bedroom units has the mansion part covered – $1800-$2200/month. If you use the 30% rule of affordable housing, that means the a household in the cheapest unit is expected to pull in $72,000/year. To quote the project engineer, Timothy Buhl:

“The idea is to capture the transient market of people coming from urban areas to work at the colleges,” Buhl said.  “They would ultimately buy a house, but don’t know where to locate.  We’re looking for young, two-worker families.  It’s an in-between type of rental of higher-end people that we’re looking for.”

In other words, “affordability” is not a word you’ll see in this conversation. The Cayuga Farms project was initially proposed several years ago as 144 townhouse condos (I miscounted and said 138 at the time), but the market for suburban high-end townhouse condos is pretty limited – there is Ivar Jonson’s Heights of Lansing which since 2006 has sold ~17 of the 70+ proposed townhouse units, and Woodland Park, which in three years has built ~6 of 48 planned. The market is virtually non-existent, hence rentals.

On the town’s website, there’s all sorts of other data uploaded: trail recommendations, on-site sewage system details, traffic generation estimates, erosion and sediment control plans, environmental review forms and so forth. Cayuga Farms is multi-phased, with 3-4 phases from 2015-2021; phase 1 will have 44 units. Since Lansing is at capacity on its natural gas pipeline, residents will be using propane appliances until the new natural gas pipeline from NYSEG is routed in. This project already gets dinged in my book for having 354 parking spaces when zoning requires only 153 (1.5 spaces per unit). Every unit gets 3.5 parking spaces. That seems like overkill. Anyway, the planning board reviewed the SEQR on the 12th, which is a big step towards approval of the townhouse development. My gut feeling is, while there’s no doubt Ithaca needs housing in most market segments, a high-end rental unit where you have to drive to everywhere bundles just about every criticism about local development into one convenient package.

Let’s be honest, I’m generally pro-development. But I do have a short list of projects I don’t support. This is one of them. With the sprawl, gobs of parking, and mediocre design, I question its value to the Lansing community.

 

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3. The Lofts @ Six Mile Creek project has posted preliminary unit sizes and floor plans on their facebook page. The “Studio +” and “1 Bed +” indicate bonus rooms inside the unit (suitable for another bedroom, home office, etc.). No word on rents just yet, but being new and downtown, expect an upmarket price for the 45 apartments due to enter the market late this spring. Their webpage notes they’ll be accepting reservations sometime prior to that.

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4. I think we’re up to version 7 now, but the differences in the proposed “canopy Hotel” are now so subtle that you’d have to be looking hard to spot the changes. The entrance facade is virtually the same, but the mechanical penthouse has been updated to better blend in the rest of the structure, and a couple of stylized wall inserts have been planted into the northwest wall to give the 7-story, 123-room hotel a little visual interest. More renders here, a geotechnical report here, a new cover letter here, and traffic study materials here and here. Thank goodness a lot of this work has gone paperless.

According to the documents, the new “canopy Hotel” brand by Hilton

“…is marketed towards the millennial generation (those born between 1980 and the mid-2000s), however, is relevant for the older generation of hotel guests. Each canopy Hotel is designed to incorporate the essence of its local surroundings and neighborhood feel; such as offering a local welcome gift and evening tastings of local food, beers, wines, and spirits to providing local fitness and recreation options in terms of jogging and bicycle routes (bicycles will be available for rent).”
Yes, ‘canopy’ is meant to be lower-case and ‘Hotel’ is capitalized. I’m sure the brand creators thought that was hip and edgy. Yet another reason why I would never be a good marketer. The 74,500 sq ft hotel includes a small restaurant space of 2,000 sq ft on the first floor, as well as standard hotel amenities like a small meeting room and a gym. The $19 million project hopes to start construction this spring.
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5. Looking ahead, here’s what the city Planning and Development Board seeks to do at its meeting later this month. For the canopy Hotel mentioned above, declaration of environmental significance and possible preliminary approval. INHS’s 402 S. Cayuga Street townhomes and the 6-unit 707 E. Seneca apartment project will be up for environmental review and recommendation to the zoning board for variances. The Planning Board will also declare itself lead agency for reviewing Cornell’s Upson Hall renovations, the 3 duplexes at 804 E. State Street (112 Blair). Board members will also consider approving a telecommuncations (cellphone) tower on top of a gas station at 214 N. Meadow Street, and weigh in on parking-related variances for 128 West Falls Street and 108-110 Eddy Street. It’s an interesting mix this month.




Ithaca Marriott Construction Update, 11/2014

7 12 2014

Officially, the downtown Ithaca Marriott is underway with site prep. Perhaps because it only just started, there was hardly anything to speak of on its site. An orange plastic construction fence blocks off the perimeter of the property, and there appear to be some pipes and concrete blocks on site. IPD had the parking lot blocked off, presumably to keep the lot closed to downtown patrons, and to use Green Street to meet their monthly ticket quota.

Although multiple sources indicate a Spring 2017 completion, the sign attached to the front of the site displays Spring 2016 as the completion and opening period. Binghamton-based William H. Lane Inc. was selected as contractor for the project, and opened an Ithaca office to oversee the operation. The $32 million, 10-story, 160-room hotel was designed by Cooper Carry Architecture and is being developed by Urgo Hotels out of Bethesda, Maryland. Urgo’s nearest other hotels are the Whiteface Lodge in the Adirondacks, and several in the NYC area, and Ithaca is well outside their normal scope. I suppose the Marriott could be used as an example of how Ithaca is attracting the attention of out-of-town investors and developers.

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This project really has had quite the drawn-out process, originally proposed as the Hotel Ithaca back in 2008. At that point, it was a 9-story, 102-room hotel with a cost of $17 million, to be developed by Rimland Development and operated by boutique firm Gemstone Hotels. Well, a lot happened along the way. The project was approved, the recession hit, the project stalled due to an inability to get financing, the cost kept going up from $17 million to $25 million to $27 million, and the number of rooms went from 102 to 125 to 140. Then the Marriott version came into play in 2012 with a $19 million price tag, it was approved, it too failed to get financing, and went back to the board with a value-engineered design for the now $32 million project. With money from Ensemble Investments, the project has been able to launch. There have been three separate designs with ballooning price tags. To actually have something underway is a welcome denouement to this saga.

The Marriott is one of only several hotels planned for Ithaca, with the new 123-room Canopy a couple blocks away intending to start construction shortly, and 76-room and 37-room hotels for Elmira Road. With high room rates and low vacancy rates, the market is expected to comfortably absorb at least two of those. All of them might cause an older suburban hotel to be closed.

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Lofts @ Six Mile Creek (Cayuga Place) Update, 11/2014

5 12 2014

As much as I hate to entertain the currently-fashionable use of prepositions in project names, and the “@” symbol to make it modern and hip, that is the official name for what was the condo portion of Cayuga Green. More notably, the project website describes these as apartments rather than condos as initially planned. Apartment projects are easier to get financing for since it’s generally easier to find renters vs. buyers, but given some of the discussion about the need for owner-occupied units that has come up lately (the Old Library redevelopment comes to mind), this is a mild disappointment.

The 7-story, 45-unit, 49,244 GSF apartment building topped out on October 2nd. The concrete floors were poured and the balcony pads were craned into place and secured throughout the fall. Peering into the building from the parking garage, some steel wall frames have been erected on the upper floors, while rough interior work seems to be underway on the lower floors. The plastic sheathing is to break the winter winds and keep the space above freezing.

Developer Bloomfield/Schon + Partners planned to release leasing/pricing details last month, but I haven’t heard anything yet. Completion for the project is set for late Spring 2015, which according to their facebook, is a little later than intended due to material supply delays created by the rough November weather (curse you, polar jet stream). If the last photo is any indicator, the upper-floor units are going to have some fantastic northeast views.

As noted before, this project makes the completion of 15 years of planning and construction. At 45 apartment units, It’s also one of the largest non-student-related projects slated for a 2015 completion – the 35-unit Stone Quarry Apartments and the 21-unit 323 Taughannock are also pegged for 2015 completions.

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News Tidbits 8/23/14: Soooo Much Rendering

23 08 2014

In the news this week are a bunch of updated renders. The Planning Board meeting is next Tuesday and the city needs to have all their updated building proposal files in order. Let’s take a look.

1. This one was approved in July, but it’s worth noting that Cornell has been given the green light to begin construction with its addition to the Gannett Health Center off of Ho Plaza. This is probably about as smooth as the approvals process for a large project gets. Cornell knows everything the city wants (and vice versa), sending enough detailed renders and assessments to write a book, so the city is left with few questions that need to be asked, and any recommendations or suggestions from the board are addressed promptly. The finalized renders by Ithaca-based Chiang O’Brien can be found here. Looking back at the initial proposal, most of the differences are in the roof/skylight layout, and some of the window and facade banding was tweaked. The $25.5 million project is all clear for its March start date, for a completion in fall 2017.

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2. Hark, developer Josh Lower’s 307 College might be nearing preliminary approval. A few more tweaks to this 46-apartment, 96-bedroom project since last time; the brick has been differentiated in the front and back, and the blank wall on the northwest corner now has slit windows, created by angling the walls slightly inward. As a result, the windows to their east, and the second-floor windows on that corner have been reduced. They look a little odd, and I wonder if they couldn’t have just done an art wall instead. As with many Collegetown midrises, the design is by local firm Sharma Architecture.

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3. Another project getting a mild makeover is Steve Flash’s 323 Taughannock project for the waterfront of Inlet Island. Revised PDF here. Compared to the previous renders, the waterfront side now comes with more balconies, the fourth floor has been redone, and the “first floor” parking area has been tweaked. All-in-all, it’s a fairly substantial design modification by architect STREAM Collaborative. The project seeks to add 20 residential units to Ithaca’s underutilized waterfront. For the naysayers, the argument will need to be something other than ecological; the environmental study was completed by Toxics Targeting (the company run by aggressive environmental activist Walter Hang), and 323 was given the all clear.

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4. You want more renderings? You got it! Here we have revisions for the proposed 120-room Hampton Inn in downtown Ithaca. We also have project details from the Site Plan Review (SPR) – the project will cost $11.5 million, and is aiming for a construction period from Spring 2015 to Spring 2016. This project has been meeting with quite a few city officials, the Board of Public Works for the sale and transfer of the city parking lot to the developer, and the IURA for tax breaks. Looking over architect Scott Whitham’s refreshed design, the massing is still the same,but the facade materials have changed up. Gone is the yellow stucco-like material, and here comes the brick (hopefully not the stamp-Crete kind). At least the brick makes it more compatible with its neighbor the Carey Building.

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5. Last on the list, the 160-room Marriott. I thought this one was good to go, but apparently it still needs the Planning Board’s approval of the, uh, value engineered design, seen here. The protrusions on the top floor and roof have been trimmed back, the materials have been down-scaled, and the LED-light waterfall effect that was such a discussion point at the meeting last month is now being done with what the PDF calls panels (curtains, I think). The top few floors will be light blue, the middle floors medium blue, the lowest floors dark blue. The crown design has also been modified a bit. The start date for this has been pushed back so many times, I’ll sincerely be amazed when they have steel coming out of the ground.

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I should note that a couple other projects, 205 Dryden (Dryden South) and 327 Eddy have also been revised, but it’s just their A/C vents, a very minor detail that I’m going to save the bandwidth and not bother re-hosting. If you’re really interest, revised plans for 205 here, and 327 here.

With all of these projects noted, it would appear that we have nothing brand new on the agenda for the PDC meeting on the 26th. Stone Quarry and the Marriott are up for revised final approval. The Carey Building addition, 205 Dryden (Dryden South) and 307 College (Collegetown Crossing) are under consideration for final approval, and 323 Taughannock is up for preliminary approval. The only project being reviewed and not up for approval is 327 Eddy, which will be undergoing “Declaration of Lead Agency”, which is an obscure way of saying the Planning Board agrees to conduct the environmental and design review. The approvals would result in 160 hotel rooms, and 117 additional housing units in (82+18+40+96+24) 260 bedrooms, if I have my numbers right. With the exception of Stone Quarry’s rumblings, there’s not a whole lot of opposition left at this point, which means this fall and next year could be pretty busy, with a lot of hardhats on the streets.

6. Now for something different. The vacant parcel at 707 East Seneca, discussed here previously, is being offered for sale at $175,000, well above its assessed value of $100,000. The agent makes note the property could allow four units, but does not note that it’s in a historic district subject to stringent design guidelines.





News Tidbits 7/9/14: Look Into the Crystal Ball

9 07 2014

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News to peruse and keep you amused.

First, INHS’s Greenways, a project I spend way too much time writing about. The 46-unit affordable townhouse development went up for review with the town of Ithaca at the start of the month (along with a temporary classroom building, a new single-family building lot in Northeast Ithaca, and a YMCA pavilion). Due to a technicality, it was pushed back to the July 15th meeting. Along the agenda attachments are new renders and a simpler site plan drawing. The project will be built in three phases, and if Holly Creek is any guideline, each phase could take a year; so if I had to take a guess, from 2014- October 2015, we’ll see townhouse sections A-E built, a total of 16 units. The subsequent phases (F-K and L-N) would likely be built and sold over roughly 12-month periods.

One thing to note is that Cornell is selling INHS the land for below market-value, with the stipulation that Cornell employees get first dibs on units as they go up for sale. With 7,000 employees, I don’t imagine weak demand from Cornell staff. Cornell is fulfilling a goal it stated way back in June 2008, and one of the first posts I ever wrote for this blog. The image in that entry is one of the very few stock images I’ve ever used, by the way.

As for the townhouse designs, no complaints here. They’re simple and colorful.

I’m going to expand on my old library site ruminations – I don’t see INHS winning the site because they are going to be stretched pretty thin over the next few years, with this and the expansive Neighborhood Pride site, along with smaller builds. While they have shown themselves capable of large projects in recent years, multiple multifamily projects will be a very large undertaking; it’s hard to imagine the county placing another egg in INHS’s already-full basket.

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Next on the whirlwind tour, revisions of the Travis-Hyde’s Carey Building addition in downtown Ithaca (another topic that’s had a lot of keys typed on its behalf). The details are still the same, 18 apartments, most of them tiny, with office space on floors 2 and 3 and retail on the bottom. Compared to the old design, more windows have been placed in the east facade, the top two floors were reworked, and the glass block details are gone, replaced by regular windows. It’s an improvement, though I don’t like the blank wall on the west face.

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Next item on the list, the NYS Dept. of Transportation parcel on the waterfront. Similar to the old library, this site has an RFP for a study and analysis of the relocation of the DOT facility, and a subsequent redevelopment of the parcel. Proposals were due June 26th. Granted, since this involves the state, this won’t move any faster than NYS wants to (i.e. slow and reluctant – they’ve been planning a move to a site in Dryden since 2006; the DOT blames the torpid pace on hang-ups with funding, which is why the RFP is asking someone else to come up with a plan). The feasibility study will be complete by May 2015, with the site re-development expected to begin in early 2017, assuming moving the DOT site is feasible. It’s a large parcel with strong potential for the mixed-use development that the city wants per the comprehensive plan. Who knows, there might actually be something to write about in five years.

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I’ll wrap this up with another potential future development: 215-221 W. Spencer Street, the parcel shown below. The Ithaca Urban Renewal Agency (a city department) sold the 0.47 acre property for $110,000 in April. The buyer intends multi-family housing. 701 Cliff Street, a small parcel left vacant the demolition of a dilapidated house, received multiple offers and was sold for well above asking price. Its buyer intends one or more housing units.

Using the zoning map as a guide, 215-221 West Spencer is in an R-3a zone that allows for a 40′ structure with 35% lot coverage. That’s a max theoretical buildout of 28,662 sq ft (which if you give 20,000 sq ft for the housing units, and 1,000 sq ft per unit, we get a hypothetical 20 units), but whatever does get proposed will likely be somewhat smaller. The site is something to keep an eye on in the long-term.

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Odds and Ends Construction Updates, June 2014

6 07 2014

Random odds and ends. First off are the Lehigh Valley House condos, which will take the century-old Lehigh Valley House and renovate it into ground-floor commercial space and six condominium units on the upper floors. The project is being developed by Tim Ciaschi; the Ciaschi family has a long history of work in Ithaca. I note that my photo is a few days before IB’s latest update, given the progress of the siding installation.

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A couple blocks away on 13 is Magnolia House, a $2.7 million project that provides a 14-person shelter for homeless women. It took a while to open, but it looks like that it’s occupied, if the furniture in the second photo is any clue. I liked this better when the copper was fresh.

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Here’s a project that’s flown under the radar. Downtown at 144 the Commons (Mockingbird Paperie/Ithacards building), local developer Jim Merod is building seven apartments into renovated space on the second and third floors, three each on the second and third floors and a new penthouse suite in an expansion of the top floor. This one will probably be available for renting by late fall.

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I figured I could use a couple photos of the completed Breckenridge Place. The affordable housing project by INHS brings 50 units of moderate-income units to downtown, and as Jason has covered, the lack of affordable housing in Ithaca is a major, major issue. Recently, there’s been some drama with the Old Library site since the projects have been more focused on apartments rather than condos. Condos would be nice, but from the county’s perspective, there’s a problem – condos require someone to have considerably greater financial assets than an apartment; you buy a condo, you rent an apartment. This pushes a project out of the affordable range, and the DPI proposal has already said it’s geared towards middle-to-high end incomes. I’m sure a project like that would be financially profitable (see the Danter study for evidence), but that’s not the point. If the county gets to choose the developer, and is seeking affordable housing as a way to provide the greatest community benefit with its assets, why would they choose a project that benefits only the wealthier portions of the community? I realize I might be stepping into s–t on this one, but this has been nagging me for a while. Condos are a great idea, but these are the wrong circumstances.

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The site of College Crossings, just south of Ithaca College. The land is cleared and some construction equipment is on site, but it’s hard to tell if this is one is actually under construction. A friend who lives nearby explained that in her perspective, “they spend all day in the bulldozer pushing dirt back and forth, but not actually doing anything”. This project has dragged for years, so I wouldn’t be surprised. The website claims two of the six retail spaces are rented and a third space is pending, and the sign on the property indicated a Subway and Dunkin’ Donuts were future tenants. The upper floor will have two apartments with four and five bedrooms respectively.

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