News Tidbits 5/14/18

15 05 2018

1. Let’s start off with the new entrant to the Ithaca development scene – Trinitas Ventures. The Indiana-based firm is scouting out Varna for a potentially large rental project geared towards students (but, to be clear, open to anyone).

I’ve already filed my report, and unfortunately will not be at the open house this Monday (there was initial confusion over what say it was, so I’m honestly not sure any reporter made it). Trinitas appears to do everything from multi-story mixed-use urban living to more suburban duplexes and townhouse strings. To be frank, for Varna, they’d be better off going with the latter for size and scale. There’s this running joke among Ithaca developers that Varna is the next frontier for development, but only recently has there been much movement in that direction, and even then, it’s a ‘tread with caution’ approach. Recall the struggles of Varna II and 902 Dryden.

According to the town of Dryden planning board minutes posted after my article, the Lucentes’ vacant Varna II lands are the proposed site for Trinitas project (and which they likely already have a purchasing option on). From their portfolio, their independently-developed project appear to be in the ballpark of 600-700 beds in 150-300 units. Even the more suburban properties look to be on 20 acres or less. A rough estimate of the old Varna II plan is 15+ acres. Most of it is Varna Hamlet Residential, with small amounts of Varna Hamlet Traditional Zoning and Varna Hamlet Mixed-Use. VHRD is 6 duplexes, 4 apartments or 11 townhouses per acre, with potential density bonuses for green energy or redevelopment. This means that if they do mixed-use retail/apartments along 366, and townhouses in the rear along Mount Pleasant Road, they’ve got the space they need for one of their projects. Through the off-record chatter I’m hearing 225 units, mid-600s for total number of beds.

On the bright side, at least they’re being transparent with the open house approach – Trinitas seems to have some awareness of community concerns (maybe after their Ann Arbor debacle), so we’ll see what they propose in a formal submission.

2. Moving to something smaller, the Ithaca Landmarks Preservation Commission is providing early guidance for a new apartment house at 204 Williams Street, on the west edge of Collegetown in the East Hill Historic District. Beyond the massing concepts (hipped vs gambrel roof), it looks like 14 bedrooms and perhaps four units, ostensibly geared towards students. Mid-sized Collegetown landlord Pam Johnston has owned the property since 2002, and she’s more of renovator than a developer, but this is unique – the original house burnt down in the 2000s, and the space has been an informal parking lot ever since. With rising land values, redevelopment looks like a better financial prospect. Historic design specialist Jason K. Demarest is in charge of design for the small infill project.

3. Caution light turned on. The Tompkins Center for History and Culture requested and received an extra $445,100 in appropriations, raising the county’s investment to $3,345,100. The extra cost is attributed to bids coming in over projections and additional design costs. The vote was 12-1 with Legislator Leslyn McBean-Clairborne voting no, but this is probably about as much as the county legislature and general public will be willing to accede without significant backlash or denial of funds.

The Legislature unanimously awarded construction contracts for the Tompkins Center improvement project to Marchuska Brothers Construction, LLC, of Endicott, for the General Work Contract ($561,000); Johnson Controls, Inc., of Rochester, for the Mechanical Contract ($502,638); and Richardson Brothers Electrical Contractors, Inc., of Ithaca, for the Electrical Contract $135,550). Marchuska is a fairly recent addition to the Ithaca area, and is finishing up a gut renovation of a manufacturing facility into medical offices in Lansing village.

4. Whether or not one approaches this with some election year political cynicism, the proposed $22 million expansion of the airport, largely funded by the state;s recently-announced $14.25 million grant, has significant potential to bolster the local economy. Given Ithaca’s relative isolation and definite distate for new highways, an expanded airport, sometime pushed by airlines rather than quixotic bureaucratic dreams, can help retain existing business and grow the leisure/hospitality trade. The announced move of the NYS DOT from its prime waterfront property to a vacant parcel next to the airport is an added bonus, because once they move, the space will be turned over to the county to do as it wishes – which in this case means an RFP for mixed-use development that could create over $40 million in new private investment, according to the 2015 study.

Plans call for the expansion to start construction this fall and open a year later, which sounds a bit ambitious. The expansion would likely have its environmental review conducted by the village of Lansing, which is not known for its haste or ease of process. Renders of the project (all interior) can be found here.

5. Going back to Varna – 1061 Dryden is for sale, blueprints and all. The asking price is a fairly optimistic $2 million – Gary Sloan, the current owner/developer paid $285,000 for the property in October 2015, which contains an existing home. To quote the ad:

“Shovel ready development site within 1.7 miles or 3 minutes from Cornell University Vet College! Very rare opportunity in the Ithaca area and already approved to build 36 Townhouses. Unit configuration; A Unit (12) 3 bedroom 2.5 baths One car garage. B unit (24) 2 Bedroom 2.5 Baths One car garage. Financial analysis are available to Qualified developers indicating a CAP rate of 7! Confidentially agreement required to obtain financial information on the development.”

CAP rate, or capitalization rate, is a measure to evaluate the potential return on investor for a real estate developer. It’s basically Net Operating Income / Property Asset Value. So if I make 50,000 a year in net operating income on a $1 million property, my cap rate is 5%. In general terms, higher cap rates mean high potential return, but are generally seen as indices of higher risk projects as well.

However, because different markets have different risks and amounts of risks, what is an acceptable cap rate in one area may not work in another. For office space for example, a cap rate of 3-4% in Los Angeles or New York would be sufficient, but for Phoenix it’s 6%, and Memphis 8%, because the stability and growth of the market isn’t as great. Also, CAP rates for multi-family properties are generally among the lowest in asset classes because they’re often the most stable. So CAP rate is a valuable indicator, but it doesn’t tell the whole story.

I hadn’t heard of any issues before this hit the market, and all the approvals are there. The town of Dryden was told not to expect construction to start on this 36-unit property for at least a year. Whether it actually happens is anyone’s guess.

6. Also new to the market this week, a commercial building with redevelopment potential. 622 Cascadilla Street is a one-story, 4.896 SF commercial building occupied by the upscale Zaza’s Cucina restaurant. It also sits in WEDZ-1b zoning, West End Mixed-Use, allowing for a second floor and 90% lot coverage.Nearby, several major projects are approved or in the concept stages, including West End Heights, City Harbor, and the Carpenter Business Park (Cayuga Med) development.

The property is assessed at $875,000, and its current owner, a Massachusetts-based businessman who has been controversial, has been steadily offloading his properties. Should the buyer look like something or someone interesting, expect a follow-up.

7. This is running rather late, but longtime local developer Rocco Lucente passed away earlier this year at the age of 88. The patriarch of the Lucente family of developers (Lucente Homes, later Lifestyle Properties), Lucente started in 1950 as a builder of modest homes and apartments – not ostentatious, but well-suited for Ithaca’s growing middle-class. While it may not have been as profitable per unit, it allowed Lucente to survive the local market crash of the late 1960s, when many of his competitors did not. Lucente also pioneered the idea of renting his newest houses out for a few years before selling them at higher prices thanks to tight supply and value appreciation. With over 700 homes and apartments to his name, much of Cayuga Heights and Northeast Ithaca exists because of Lucente Homes – the town dedicated a section of Briarwood Drive “Rocco Lucente Way” in 2014.

Lucente was not without his controversies, however – the last of his Northeast Ithaca subdivisions, the 47-lot Briarwood II, which was halted by the town over stormwater drainage concerns in the late 2000s, first via moratorium in 2006-07, and then in 2014 by SEQRA concerns and changes to best practices, which led to a lawsuit from Lucente that he lost. This is the forested space between Sapsucker Woods Road and Briarwood Drive.

I had a chance to speak with Rocco a couple of times in my work with the Voice (it started with the Village Solars), and I always found him to be engaged and animated, more than I’d expect for a gentleman of his age. He’d often extol the features of his properties, which I would respond with a polite laugh, because it wasn’t my place to sell them, but he was a businessman through and through. But generally, I found talking with him to be a pleasure. Rocco was a capable developer, working up until the end not out of need but for a love of the work. He will be missed.





Chapter House / 406 Stewart Avenue Construction Update, 4/2018

30 04 2018

It’s hard to believe it’s been over three years now since the fire that decimated the Chapter House and the neighboring apartment house at 406 Stewart Avenue. According to a recent write-up by Mark Anbinder at 14850.com, the new build at 400-404 Stewart Avenue will host one eight units –  studio apartment, three 1-bedroom apartments, one 2-bedroom apartment, and three 3-bedroom apartments. The units are aiming for a summer occupancy, and CSP Management (Jerry Dietz and his team) are in charge of the rentals on behalf of developer/owner Jim Goldman.

From the outside, the building is practically complete, except for landscaping/paving, trim pieces, and facade installation of the ground-level bluestone veneer. The 4-unit, 11-bedroom apartment building next door is not as far along, with roof trusses only just being installed, and sheathing (ZIP panels) and window fittings underway on the lower floors. It’s a reasonable bet to say these will be available for their first tenants in time for the start of the new academic year in late August.

As fair as anyone’s aware, the ground-floor space restaurant/bar is still available for lease, at $35/SF (at 3,000 AF, that means $105,000 annually). Chapter House owner John Hoey has said in the comments here that the price is too high for his business. The possibility of a “Chapter II”, as some have dubbed it, seems increasingly remote. Any other potential lessees can contact David Huckle or August Monkemeyer at the Ithaca branch of Pyramid Brokerage.





400-404 & 406 Stewart Avenue Construction Update, 2/2018

18 02 2018

This pair appears to be coming along quite nicely. 400-404 Stewart Avenue is looking good. GAF asphalt roof shingles are being laid over the Raptor brand underlayment. The trim has been attached, with some of the ornamental board starting to go up aside the brackets. The cornice and bracket trim is to be painted grey and black, as are the gables on the dormers (I guess they do technically count as gable dormers on a mansard roof, even with the pitch as steep as it is). It has a vaguely Georgian colonial feel to it; the design is a heavy nod to the original building design from a century ago.

Most if not all of the Redland Heritage SWB brick is attached, and the overhangs have been framed and sheathed, with some underlayment applied – these will actually be finished with more expensive but historically appropriate (simulated) slate shingles. The transom windows and picture windows of the first floor retail/bar/restaurant space have been fitted, but the trim has yet to be attached. The bluestone veneer at the base is largely complete. The doors have yet to be fitted, as do the heavy brackets and ornate detailing of the first floor exterior.

Advertisements for the upstairs apartments has yet to make an appearance, but there are ads going around for the retail space (3,000 SF, $35/SF).

As for the new 406 Stewart Avenue, the mismatched rough window openings on the front facade appears to have been fixed. The recessed front porch is framed, and if I’m seeing it right, the stonework is already in place at the base. The construction crew is starting to cut out the openings from the Huber ZIP panels on the third floor. It is definitely a different interior layout than they had in mind when the renderings were presenting – there are substantial differences in the fenestration of the building’s north face.  The gable roof and dormer has yet to be framed, but if they’re aiming for a Q2 and Q3 opening, they look to be on track from a glance.





News Tidbits 11/25/17: Not Going to Plan

27 11 2017

1. It looks like the Lambrous have started work on the new duplex they’ve long planned at 123 Eddy Street in Collegetown. Foundation work is underway for the two-unit, six-bedroom home, which utilized Superior Foundation Walls and modular units. The building sits on the edge of the East Hill Historic District, so to make the building compliant with the ILPC’s wishes, it features Hardie Board siding, simulated shakes, scuplted brackets and an attic vent, and detailed railings and porches. The design went through a couple iterations, with the first being historically appropriate but expensive stick-built design, and the second a modular scheme that was non-compliant with the ILPC. The Lambrous plan to have the new three-bedroom units available for rent by August.

2. Lansing’s Milton Meadows affordable housing project is up for final approval next Monday, and it looks like the first 72-unit phase will be the only phase. According to documentation filed with the town, the presence of poorer soils and more wetlands than anticipated means that Cornerstone will not be undertaking a second phase. It does raise further questions regarding adjacent parcels and the amount of money the town of Lansing can reasonable gain since this sounds like a recent discovery. The final site plans here show no indication of Cornerstone Development Group buying the remaining 8.9 acres that were intended for phase two.

There are no huge obstacles to prevent approval, although some town officials are unhappy that they didn’t apply a stronger hand to the town center development plan (i.e. laying the roads and infrastructure as they wanted, and charging a higher price for the parcels). While most of the darts have been levied towards Cornerstone (some perhaps unfairly due to it being affordable housing), the town planning chair has also targeted Tiny Timbers for using Conlon Road as its primary ingress/egress in their sketch plan. But with sales already negotiated and approved, the town’s legal options are limited, and since they already dropped the ball on the town center once, the optics aren’t pretty. Any work Cornerstone does is dependent on state and federal grants that are highly competitive and awarded only a few times per year, so don’t expect much for at least a year or two after approval.

3. It looks like the land for the proposed extension of South Meadow Square has been fenced off. A query to the folks in PetSmart next door didn’t turn up much, although they said there had been some water and sewer work to prep for the new 7,315 SF addition approved earlier this year. I did not see what the current conditions are for the approved 14,744 SF addition on the south end.

4. The county and the city have competing views of the NYS DOT’s future in Tompkins County. The county has reiterated its hope that the DOT relocates to a location next to the county airport. The city would prefer a location in Southwest Park behind Wal-Mart and the proposed Maguire dealership campus. The request for state grant dollars depends on the airport proposal, and the DOT has stated preference for a site near the airport.

However, if grants are not awarded, the airport is still considering a plan to build a $1-2 million customs facility that would allow to become an international airport, servicing passenger jets from Canadian hubs (Toronto, Montreal). In the short-term, work is underway to add service to Chicago, which has an on-time percentage comparable to Detroit (80%), and better than Newark (60%) and Philadelphia (70%). Cornell is actively assisting, trying to persuade airlines as part of its “Global Cornell” initiative.

5. So here’s the city of Ithaca’s parks master plan. There’s a few interesting things of note in terms of acquisitions and de-classifications (sale).

First, a quick note – the city is legally required to replace any park land it sells off with newly acquired park land. So with that in mind, the city looked at its parks and found five that are “vastly underutilized” – Columbia Street Park (0.25 acres), Dryden Road Park (0.08 acres), Hillview Park (0.74 acres), Maple Grove Park (0.47 acres), and Strawberry Fields (9.16 acres).

The city would like to sell off the first four on that list, and replace them with a new acquisition somewhere in the city that has at least 1.54 acres, but the city is looking for up to 12 acres. Proximity to population centers, arterial roads, pedestrian access and minimal site prep are some of the big deciding factors in that acquisition process. Meanwhile, Strawberry Fields would be held for either designation as a “school park” to be managed in conjunction with the ICSD, or as a “teaching preserve” for practice field research and instruction.

If the city did opt to sell those four parks, well, there’s some development potential, though they wouldn’t be prime. Maple Grove is a Belle Sherman cul-de-sac surrounded by single-family homes. Dryden Road Park is a small triangle next to the parking garage, and while technically an MU-2 zone for six floors, it’s just as likely Cornell would pick it up amd add it to its tax-exempt rolls since it’s next to Cascadilla Hall. Hillview and Columbia Street on South Hill (R-2a zone) could potentially become a few home lots or a small apartment complex, but the land’s sale would be a political challenge.The city procedure would be an advertised sale offering through the IURA, followed by a grading system of applicants that meet the city’s specified price, as they did with foreclosed lots that became the Ithaka Terraces and 203 Third Street.

Not too keen to get in the weeds on this, since this would be controversial with neighborhood groups, but it’s really just a thought exercise at this point – any potential land sale would be on a long-term, 5 year+ time scale, and the city would need to have new land ready to be acquired for recreational uses. Even thatcould cause problems when neighbors complain that an untouched property becomes a public park that attracts people (this has been an issue with proposed extensions of the South Hill Rec Trail). There is plenty of time to debate the merits and drawbacks of long-term property assets. Right now, the focus is repair and renovating existing facilities in city parks.

6. Looking at the city’s planning board agenda for next week, it’s a short one. The duplex at 601 South Aurora and the Brindley Street Bridge are up for final approval, and a pair of new sketch plans will be reviewed – one is likely to be small, and the other a revision, potentially a downsizing. I’ve heard through the grapevine that several rental developers are holding off or even cancelling plans because they’re concerned about the impacts of Cornell’s 2,000 new beds for their North Campus – although right now there’s nothing formal apart from a statement of intent. Ideally, Cornell puts some concept forth soon, with plans not long thereafter; otherwise, there’s the risk that the local housing situation gets worse. Perhaps the reasonable worst case scenario is that, with recent federal attacks on higher education, Cornell is forced to trim its budget and cancels the housing plans, while still adding students to compensate for financial losses – basically, a sudden large growth in demand without growth in supply.

First, 209 Hudson. This was previously mentioned in a Voice article, it’s potentially a small-scale infill project by frequent infill developer Stavros Stavropoulos. The early plan for two of three rental buildings was shelved due to the South Hill overlay, and its possible that, given the relatively large lot, Stavropoulos may be planning a subdivision to build an additional two-family rental unit. Dunno if he can legally pull off more than that, however. R-2a with overlay allows a 1-2 family structure as a primary, with an accessory apartment in a secondary structure.

The second is 119-123 College Avenue. This is unusual in that this was the site for John Novarr’s College Townhouses project, a 67-unit, multi-building plan for rentals geared towards visiting Cornell faculty and staff. However, the recent NYSEG power line issue has proven problematic, and the last I checked, the project team was supposed to go before a state building codes board in Syracuse this month to get a variance to allow construction, on the basis that the power lines will soon be buried. The minutes are not online, so it’s not clear what the ruling was. While CR-4 zoning allows 45 feet as the plan is currently designed, a variance denial by the state would limit structural height to 30 feet, and would substantially impact the project’s feasibility in pricey Collegetown, as well as alter the design. For the record, 119-123 does not imply a smaller project; 123 College Avenue never existed, the three homes removed for this project were 119, 121 and 125. We’ll see what the revised plans look like next week.

1. Agenda Review 6:00
2. Privilege of the floor (3-minute maximum per person) 6:05
3. Site Plan Review

A. Project: Duplex 6:15
Location: 601 S Aurora Street
Applicant: David Putnam
Actions: Public Hearing, Consideration of Preliminary and Final Site Plan Approval
Project Description:
The applicant is proposing to construct a duplex on the .186 acre (8,114 SF) vacant lot. Site development includes parking for two cars, walkways, landscaping, a continuous sidewalk along the property frontage, drainage improvements and a trash enclosure. The applicant has designed curbing and on-street parking on Hillview Place in cooperation with the City Engineering Division. The project is in the R-2a Zoning district. This is a Type II Action under the City of Ithaca Environmental Quality Review Ordinance (“CEQRO”) §176-5. (C.)(8) and the State Environmental Quality Review Act (“SEQRA”) § 617.5 (c)(9) and is not subject to environmental review.

B. Project: Brindley Street Bridge Rebuild and Relocation 6:35
Location: Intersection of W State Street and Taughannock Blvd
Applicant: Addisu Gebre for the City of Ithaca
Actions: Consideration of Preliminary & Final Approval
Project Description:
The project will relocate current Brindley Street Bridge to align with W. State St./Taughannock
Blvd. intersection through the construction of a new single span extending Taughannock Blvd. over
the Cayuga Inlet to Taber Street. The project will retain existing Brindley Street Bridge and south approach road for pedestrian and bike use. 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) for which the Board of Public Works, acting as Lead Agency made a Negative Determination of Environmental Significance in 2016.

C. 209 Hudson Street – Subdivision & Site Plan Review – Sketch Plan 7:05

D. 119-123 College Avenue – Sketch Plan 7:35

4. Old/New Business 8:00
A. Collegetown Design Guidelines – Megan Wilson
B. Parks Master Plan – Megan Wilson

5. Reports 8:40
A. Planning Board Chair (verbal)
B. Director of Planning & Development (verbal)
C. Board of Public Works Liaison (verbal)





News Tidbits 11/11/17: It’s Back

12 11 2017

1. One of the reasons for the lull in weekly round-ups has been the lack of smaller news items to fill it with. A few larger items made it into Voice articles, but there wasn’t much of a middle ground between “expand into article” and “not newsworthy”. I’m happy to take comments here about Voice articles, although the blog is intended to cover topics that may not be ready for a full write-up.

As noted in the Voice, there isn’t much before the city of Ithaca at the moment. A sketch plan for infill rental housing at 209 Hudson Street is likely dead in the water as a result of the new South Hill Overlay, and a modest infill plan calls for a duplex at 601 South Aurora on the corner with Hillview Place, which can only be an improvement from the informal parking lot currently there. The modular unit design is thoughtful (varied materials, plenty of windows) if unexciting, and the sidewalks are a plus. The units are physically structured as townhouses, but technically they aren’t, since townhouses are defined by International Building Code as strings of units of three or more.

Meanwhile, things are so slow in the town at the moment that they cancelled their last Planning Board meeting. Before that, the only notable item on the agenda was the Cayuga Ridge renovation, which is primarily internal. Their October Building and Codes Department report indicates a single two-family home was approved, in the Cleveland Estates housing subdivision; virtually all of those duplexes have been intended as student housing.

2. If there is one town that is rather busy next week, it would have to be Lansing. The surface facilities for the new Cargill mine shaft are up for final approval at the Planning Board meeting next Tuesday, more discussion is expected about the Milton Meadows affordable housing plan at the town center, and a couple of minor projects (communications tower, illuminated free-standing sign) are up for review and vote. Neither Cargill not Milton Meadows appear to have changed significantly since their last presentations.

Also scheduled is review of public comments regarding the Comprehensive Plan, which cover several topics, with the most frequent being the Bell Station zoning (park vs. lakeshore low density) and some individuals unhappy with the potential for mixed-use or residential development near their homes or farms. Joe Wetmore has a pretty thorough critique, ranging from unrealistic expectations to discomfort with what he calls “segregated housing” based on income and age. Going political for a moment, I suspect if it weren’t for many progressive town and village boards rushing to join the Article 78 on Cargill, with less than careful thought and discussion of Cargill’s blue-collar workers and their family/friends, Wetmore would be an incoming town councilman (and to be fair, he may end up winning when the absentee ballots are counted and tallied next week).

3. Over in Dryden, just about everything is good to go with Modern Living Rentals’ 42-unit rental complex planned for 802 Dryden Road, next to the Cornell arboretum. The November tweaks were for lighting, landscaping and sidewalk details. The designs of the townhouse strings were reworked in October to include three different designs, to be used twice each (six buildings, seven units each, 42 units/108 bedrooms total). While the materials remain the same, the designs differ substantially in roof lines, architectural detailing and fenestration pattern. At this point, no one would mistake for a recycling of 902 Dryden as they started off as; John Snyder and his team have had the chance to express themselves, and the designs are contemporary and visually interesting. It looks like final approval will be coming potentially soon, which will permit a Spring 2018 – Summer 2019 construction time-frame.

Other than that, the town is reviewing another Tiny Timbers subdivision, this one for 1540 Ellis Hollow Drive. Similar to its counterpart just down the street at 1624 Ellis Hollow Drive, the long, narrow lot would be serviced with an internal driveway for five homes with a little over an acre each, and the rear (northern) 5 acres would be granted a conservation easement, to remain natural space and help protect the Fall Creek watershed. The original plan was a deed restriction, but the town’s conservation board is pushing the easement so that future owners of the land can’t just lift the restriction. They also requested an S-shaped driveway because they feel the slope is greater than Dolph states; an S-shape would also throw the plans out of whack, so let’s see what happens.

On a final brief note, review and discussion is ongoing for a pair of solar arrays off of 2243 Dryden Road, one of 1.3 MW and one of 2 MW.

4. Looking at what’s on the market this week, here’s something for the deep-pocketed investor/landlord who wants to start with an all-new, low-maintenance building. 6-unit 707 East Seneca Street is on the market for $2,999,000. The 6,469 SF apartment building was built just two years ago, after developer Todd Fox bought city surplus land that was once a playground for the closed East Hill Elementary, deeded to the city in 1982 and promptly forgotten for decades until potential liability risks convinced the city to put it up for sale. Each unit is three bedrooms, and according to the advertisement, it generates over $220k in revenue each year, which is not shabby.The property is assessed at $1 million.

It’s a bit surprising that Fox would want to part with a nearly-new building with solid rental potential, and it makes me curious if the funds would be used to fund other Visum projects planned or approved. While Fox did take a financial hit from the cancelled 311 College Avenue project, the amount invested was far less than the sale price for 707 here.

5. Also worth noting, though it’s not good news – The Computing Center’s plans to build a new 4,600 SF headquarters appear to be over. The building site and the approved building plans at Lansing’s 987 Warren Road are up for sale. $499,000 gets you 1.57 acres, the plans, and a single-family home on the eastern end of the property that generates $2,000/month. The project had received an $85,084 tax abatement for the $1.394 million project, which was expected to create six new jobs. For the record, any buyer would need to re-apply for an abatement; the one granted will go unused. At least offhand, it looks like they may have added the jobs (retain 14, add 6, and the website shows nineteen plus the retired founder, and two job postings), but it’s uncertain – they acquired a competitor (Sherpa Technologies) in September, which increased staff to 22. Based off the time of the listing, with the acquisition of Sherpa they may have just led TCC to go a different direction with a new headquarters. What will be, will be.

6. According to construction loan documents filed with Tompkins County, the new 11,180 SF Rite Aid being built at 79 North Street carried with it a $2.71 million price tag. Chemung Canal Trust Company, an Elmira-based bank with branches in Tompkins County, is providing the loan to Dryden Group LLC/Ellicott Development. Ellicott, a major developer out in Buffalo, will be using an in-house contractor team to build out the retail space.

A couple of emails came in asking if this would be a Walgreen’s. On paper, that’s a no – everything filed and documented says Rite Aid, and this was confirmed with the town planning staff. However, Walgreen’s is in the process of acquiring 1,932 Rite Aid stores (leaving Rite Aid with 2,600), and closing several hundred stores that are within close proximity to existing Walgreen’s. It’s possible that the existing Dryden Rite Aid is one of those to be “shut down as part of the sale” as the new Rite Aid-turned-Walgreen’s is being built on the north end of the village. Keep an eye on it.

7. Quick little side note – Ithaca Associates LLC, the development team behind the $110 million Green Street Garage project, is apparently in talks with INHS to manage its affordable housing component. That’s according to Ithaca Urban Renewal Agency (IURA) meeting minutes. So they are serious about meeting the city’s demand for affordable housing with some undetermined percentage of the 365 units. Heck, 60 or 70 units would be a sizable contribution, should it pan out, and it would make the project more palatable since it would clearly have a mixed-income aspect to go with its mixed uses.

8. The Ithaca Landmarks Preservation Commission will be taking up discussion again on the Nines, though they are less than pleased with the recent 5-5 tie vote the Common Council had on the Chacona block, broken by the mayor’s vote against historic designation. For me, the fascinating part was having someone like Cynthia Brock, typically opposed to greater density, speak in favor, while pro-development councilors like Ducson Nguyen and Seph Murtagh voted in favor of historic designation. So, it was an unusual breakdown of votes that I would not have predicted, although I had heard before the meeting that it would likely be a close vote.

There is no doubt that anything Student Agencies submits will be scrutinized extra closely, especially if they try to maximize square footage or incorporate design features that don’t mesh with neighboring structures. It’s fair to say that while they lucked out with being allowed to redevelop, the resentment already stirred up means anything proposed will be starting behind the proverbial eight ball, and they would be wise to really put their best foot forward and not rush plans.

Interestingly, it looks like someone, likely but not confirmed to be the Reach Project social service group, plans to submit concept designs for the carriage house that once stood behind the house at 310 West State Street. This is a historic district, so any designs for the drug treatment and potential safe heroin injection “harm reduction” site would need to be approved by the ILPC.

It’s been amusing and a bit excruciating to see some of the comments on the Voice – some people are all about historic buildings; but it tortures them to see these venerable structures used for what they see as a less-enlightened cause than a high-end B&B or boutique office. If zoning laws (and higher authorities, in this case) okay it, so be it. Many historic buildings have humdrum or low-brow histories as factories, home businesses or tenements, and to say they can’t be used for something permitted just because it seems icky is not only illegal, it denies part of the historical element.

7. Intriguing, though I have questions – the city is looking at expanding the use of PUDs from beyond the few industrial zones to city-wide so long as properties are 2 acres. They’re also looking at expanding CIITAP to allow 1-story industrial and waterfront projects, as well as an affordable housing component of 20% on all residential or mixed-use projects with residential components of 10 units or more.

The PUD plan comes on the heels of the new Waterfront zones, which allow residential uses on a greater number of parcels, and is in fact the recommendation of the Waterfront Working Group (WWG), a 17-member group of staff and public who reviewed planned zoning changes to the Waterfront. The city planning staff are amenable, though they suggest a minimum acreage of 2 acres.

With the proposed CIITAP change, the reasoning makes sense, although its effectiveness is questionable. Industrial construction is locally limited and is usually build-to-suit for a specific client. There’s also a strong preference to less dense areas with easy access with lower land values, like Lansing or Dryden. More power to the city I guess, I just don’t see it being utilized. As for the housing component, the intent is good, but the issue always ends up being an issue of “moreness”. Developers often have to build bigger to re-balance expenses and revenue within mixed-income structures. This can make it tougher for them to get financing since it’s a larger, more costly build-out (a bigger financial risk, all other things being equal). Residents in turn balk at a bigger project with the traffic, aesthetic changes and other impacts it creates, not to mention some still instinctively sneer at affordable housing, mixed-income or not. It’s not an outright deal-breaker, but it is something to keep in mind.

The PUD can be troublesome since it’s a sort of “DIY zoning”, which would make existing rules pointless and a lot of upset voters if allowed without some big stipulations. 2 acres would limit many projects in the core of the city, but if you happen to be, say, a major landowner along the Waterfront or in the vicinity, like Guthrie or Cayuga Medical Center, it’s basically a red carpet invitation, as it allows them to set the bounds for a project. Notably, neither of those two fall within CIITAP’s boundaries, so while they wouldn’t be eligible for the tax abatement, they also don’t have to worry about the affordable housing component if they choose to do something with housing in the mix.

 





News Tidbits 8/12/17: Two Kinds of Rehab

12 08 2017

1. It looks like some Trumansburg residents want to build a recreational complex. According to the Ithaca Times’ Jamie Swinnerton, for the civic group Trumansburg Community Recration, “{t}he ultimate goal is to build a recreation center, soccer fields, baseball fields, a youth football field, a skate park, and a pool to the community. The first phase of the project would be building the sports fields and possibly a recreational campus. While the group is still searching for space for these amenities, it is raising funds through grants and donations. The fundraising goal right now is $750,000.”

Along with private donations, the community advocacy organization is seeking state funds, which state law requires be obtained via municipal entities, i.e. the village, school district, town and county. It’s not that governing bodies have to commit money, they just have to express support and sign off on applications, and allocate the awarded funds if/when they are received.

Phase two for the non-profit would be a community center, likely a re-purposed building, and phase three would be a pool, which is garnering significant community attention. Although the group hasn’t committed to a location (the rendering is completely conceptual), it is examining the feasibility of different sites in and around Trumansburg. Interested folks can contact or donate to the group here, or sign up for emails if they so like.

2. Cayuga Addiction Recovery Services (CARS) has finally received the money from a July 2016 grant award. Cayuga Addiction Recovery Services (CARS) will be using it toward a new 25-bed adult residential facility. The new facility will be built on the Trumansburg campus adjacent to a 60-bed facility on Mecklenburg Road, near the county line a couple miles to the southwest of Trumansburg. An undisclosed number of jobs are expected to be created. Founded in a Cornell U. fraternity house in 1972, CARS provides treatment, counseling, skills training and support services to help clients overcome addictions and rebuild lives. The current facility was opened in 2004.

While the location is quite rural, the nature of the facility (rehab, focus on opioid abuse) is getting pushback from at least one town board member who doesn’t want it in the town (link, scroll down to 7-25-TB minutes). The plan has yet to go before the Ulysses planning board.

3. INHS made its name on home rehabs, and it looks to be making a return to its roots. The non-profit developer is asking the IURA for $41,378 towards the renovation of an existing 3-bedroom house on 828 Hector Street, which will then be sold to a low-moderate income family (80% AMI, about $41,000/year) and locked into the Community Housing Trust.

The project cost is $238,041. $152,000 to buy the foreclosed property from Alternatives Federal Credit Union, $8,000 in closing/related costs, $60,000 in renovations, $5,000 contingency, $8,141 in other costs (legal/engineering), and $4,900 in marketing/realtor fees. The funding sources would be $144,163 from the sale, $15,000 from INHS’s loan fund (to cover the down payment for the buyer), $37,500 in equity and the $41,378 grant. A for-profit could renovate for cheaper, but federal and state guidelines say INHS has to hire those with a $1 million of liability insurance coverage, which takes many small contractors out of the equation.

Side note, the city’s federal grant funding disbursement was dropped by $50,000, because HUD is an easy target in Washington. Luckily, Lakeview decided to forego its grant funds because they found the federal regulations unwieldy, which freed up a little over $43k to move around to cover most of the losses.

4. Speaking of Hector Street, it looks like Tiny Timbers is rolling out a pair of new spec plans for two lots on the city’s portion of West Hill. The house on the left, for 0.27 acre Lot 1, is a 1,040 SF 2 BD/1BA design listed at 187,900, which is a good value for a new house in the city. 0.26 acre Lot 2 is a 3 BD/2 BA 1,370 SF home listed at $222,900. Taking a guess based on the lot sizes, these are the wooded vacant lots west of 920 Hector. There’s a third vacant lot over there, but no listing yet.

5. On the city’s Project Review Committee meeting agenda, which is the same as the memo…not much. Lakeview’s 60-unit affordable housing project on the 700 Block of West Court Street will have its public hearing and determination of envrionmental significance, the last step in SEQR and the one before preliminary approval. Same goes for INHS’s 13-unit project on the 200 Block of Elm Street.

Apart from related or minor zoning variances and review of proposed historic designation in Collegetown for the Chacona and Larkin Buildings (411-415 College and 403 College), the only other project for review is 217 Columbia, Charlie O’Connor’s. Which, as covered by my Voice colleague Kelsey O’Connor and by Matt Butler at the Times, did not go over well, though Charlie seemed willing to change plans to avert a firestorm. From a practical standpoint, I’d imagine he’s much more focused on his much larger 802 Dryden Road project, and this is small if hot potatoes. The 6-bedroom duplex (three beds each) is designed by Ithaca architect John Snyder.

My own feeling is that a moratorium isn’t the answer, but if they wanted to roll out another TM-PUD so that Common Council gets to review plans as well as the Planning Board, then so be it. My issue with moratoriums is that local municipalities do a terrible job sticking to timelines and have to extend them again and again. Plus, there are projects like the Ithaka Terraces condos, or the new Tiny Timber single-family going up on Grandview, that aren’t the focus of the debate but would be ensnared by a blanket moratorium.

Meanwhile in the town, the planning board discussion for next week will mostly focus on the NRP Ithaca Townhouses on West Hill. The revisions will be up for final approval, which would allow NRP to move forward with their 2018-19 Phase 1 buildout (66 units and a community center). Phase II (39 units) will follow in 2019-20.

6. In sales this week, the big one appears to be 808 East Seneca – 5 unit, 4,125 SF historic property just west of Collegetown in Ithaca’s East Hill neighborhood. List price was $1.575 million, and it sold for modestly less, $1.45 million, which is well above the $900,000 tax assessment. The sellers were a local couple had owned the property since 1982, and the buyer is an LLC formed by the Halkiopoulos family, one of Collegetown’s old Greek families, and medium-sized landlords with a number of other houses in the area.

Perhaps more intriguing is the sale of 452 Floral Avenue for $100,000 to home builder Carl Lupo. The vacant 4.15 acre property had been the site of a 30-unit affordable owner-occupied project back in 1992, but given that the Ithaca economy was faltering in the early 1990s, the plans never moved forward.

7. A quick update from the Lansing Star about the Park Grove Realty lawsuit. While the Jonson family of developers may have lost the village elections by a large margin, their lawsuit accusing the village of an illegal zoning change to permit the project has been reviewed by the state’s court system – and they lost. The state supreme court ruled the zoning change was perfectly legal, appropriate to the revised Comprehensive Plan, and accusations of negative impacts on the Jonsons’ Heights of Lansing project are overblown and speculative.

The Jonsons intend to file an appeal, and have to send in their final draft by September 5th. At this point, the project is left in a waiting pattern – the village is leaving the public hearing open until the appeal is resolved. If the appeal overturns the ruling, than the project can’t proceed regardless of village approval. Given the basis for the initial ruling, an overturning seems unlikely, but it will be a few more months before any approvals can be granted.





News Tidbits 6/4/17: The Return, Part II

4 06 2017

1. The solar revolution is happening. Nothing makes that any clearer than putting up one of upstate’s largest solar arrays on land held as part of the Cayuga coal power point.

Just about every news agency in a fifty mile radius got the press release, but the Lansing Star has in-depth coverage. The $25 million project, to be built on 75 acres of the plant’s 434-acre site in Lansing, would create an 18 MW array that would be able to power 3,100 homes. 150 construction jobs would be created, although the permanent job growth is nearly nil. The site is well-suited because it is easy to hook-up to the existing grid, the zoning is appropriate, and Lansing is very keen on growing its tax base – overall, this seems like the right project at the right time. At a glance, this seems to skirt past the 2 MW rule from NYSDEC that limits each project’s size, as some arrays produce as much a 3.3 MW. However, there are nine arrays producing 18 MW, an average of 2 MW each for each array on the Cayuga plant’s property – so it technically meets regulations. It’s not clear if they have to pursue subdivision to make the panels fully legal.

Two potential debates are touched on in the Star article. For one, the project may pursue a solar tax PILOT, which would save a fair amount – instead of paying the property tax of about $770,625 (25 million on a tax rate of $30.825/1,000), they would pay something like $8,000/year/MW, just $144,000. The flipside is that local taxing authorities would not be enamored with such a deal. The second potential issue is that the Cayuga Operating Company was mum on whether they’ll close the coal plant, which is probably going to keep Town of Lansing officials up at night.

2 Fountain Place (President’s House), image courtesy of Ithaca College

2. Ithaca College is in the hunt for a new president’s house. The house at 2 Fountain Place in the city’s East Hill neighborhood was deemed unsuitable because it’s difficult to maintain (it was built in 1892), it has an awkward interior layout, and there’s not enough space to host events (it’s 9100 SF on 1.06 acres). The property was designed by Ithaca’s famous 19th century architect William Henry Miller for lawyer George Russell Williams, and was purchased by the college in 1938. Although future options are still being considered, if this hits the market, we are talking a multi-million dollar sale, but lest anyone be concerned, given its historic designation the possibility of inappropriate alterations or demolition is remote. The most recent work was in 2013 for ADA accessibility at the rear porch, an ADA-suitable bathroom, and air conditioning. With 7 existing bedrooms and 5 bathrooms, it could make for a cool boutique hotel or B&B, if someone doesn’t want a personal residence with venerable grandeur.

While Ithaca College searches for a new residence (pursumably large, newer and on South Hill), incoming president Shirley Collado and her husband will live in a downtown apartment paid for by the college.

3. Hat tip to Chris Szabla for this one – the Al Huda Islamic Center planned for 112 Graham Road in Lansing village has been redesigned once again. It went from this in 2014:

to this in 2016:

to this now:

Erm…with every due respect, this is a vinyl-sided modular with a poorly-photoshopped dormer and what appears to be a door in place of a garage. The first couple of designs embraced traditional Islamic architectural features, and the second was a great mix of traditional and contemporary design motifs. But this latest version honestly looks like, even if it was done for cost considerations, that every attempt was made to hide its use as a mosque and Islamic center. This image is so poorly done, I’m still not 100% sure if this is some kind of joke, but the floor plan matches up. Oof.

4. Not something one sees all the time – these are photos from last month’s deconstruction of Ithaca’s 107 South Albany Street in preparation for a new three-story, 11-unit apartment building. Developer Nick Stavropoulos hired Finger Lake Re-Use to do the deconstruction, which diverts about 70-90% of materials from the landfill by salvaging the structural components, processing and checking them to make sure they’re in good shape for re-use, and packaged and selling the materials at a low price to interested buyers – for instance, reclaimed lumber could go into bar counters, flooring, or any number of options looking for that well-used look. The cons to this approach are that more work and more time is involved vs. a traditional demolition, which means a greater cost. Also, though no fault of FLR, Historic Ithaca is not pleased (they get bonus shade for arguing in the same article the city should downzone to protect Patterson’s, an auto body shop built in 1983, and keep their “essential service” in downtown Ithaca). The pros are the environmental/sustainable aspect, the creation of “green-collar” jobs, and salvaged materials are tax deductible.

Construction on the new Daniel Hirtler-designed apartment building will begin this summer, with occupancy in about 12-13 months.

5. Skill-building for a good cause – The Second Wind Cottages, a housing complex in Newfield that houses formerly homeless men in 320 SF cottages, has connected with high school students and teachers to help assemble a new unit, cottage #13. Supervised students at a high school in suburban Rochester assembled a 320 SF unit in their school’s back lot as part of a class, then partially disassembled it and reassembled it in Newfield. The construction and transport process was borne out out over two days.

The non-profit project is led by local businessman Carmen Guidi, who hopes to do a second women’s housing plan further up Route 13 as the current 18-unit build-out wraps up.