Tompkins Financial Corporation HQ Construction Update, 4/2018

7 05 2018

It appears that TFC’s new headquarters is just about done – from the outside, paving, landscaping and signage is about all that’s left. The signage plan, a fairly conservative “halo” style courtesy of Ithaca Sign Works, can be seen on the city’s website here.

As these photos were taken, a moving crew was busy carting office materials from TFC’s office space across the street. Corporation staff should be moved into the new building by the end of May. Tompkins Trust Company Division CEO Greg Hartz has said that 119 and 121 East Seneca would be held onto and rented out, with the bank retaking space in those buildings as it needs. Meanwhile, the historic 2 and 3-story buildings on Bank Alley just south of the M&T Building have been sold to the county for use as the new Tompkins Center for History and Culture, which will open in 2019.

On the whole, a project like this is a big net positive for the city. As opposed to the tried-and-true suburban office park route, TFC’s commitment to the city, and the work of city personnel as well as TCAD to keep them in downtown results in a major addition to the city’s tax base ($3,782,311 in new tax revenue over 10 years), the retaining of hundreds of workers downtown who by proximity would be more likely to shop, dine or live nearby, and the prospect of dozens of well-paying jobs being created at the new headquarters over the next several years. It looks like that the company added 22 employees system-wide in 2017, for a total of 1,041. A little over 300 of those will work in the new headquarters, the vast majority moving from the other offices in downtown Ithaca, with another 18 or so from the Lansing office.

Design-wise, it has a solid if conservative appearance, befitting of a stable, button-up corporation. HOLT Architects added a modern touch with the windows, and created visual interest by contrasting the dark grey brick with the tan brick, beige face stone and grey aluminum panels. The building height and dimension occupy an intermediate size between the DeWitt Mall and Seneca Place, which allows it to be imposing without being overbearing.

Other firms involved in the bringing this project from vision to reality include the engineers and surveyors at Elwyn & Palmer, Trowbridge Wolf Michaels Landscape Architects, and Rochester’s LeChase Construction. Credit also goes to JPW Erectors for the steel framework, the Carpenters’ Union Local 277 and the IBEW (International Brotherhood of Electrical Workers) Local 241.

 





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.