I wanted to wait until the Voice condo piece was published before putting these photos up. Work has started on the twelve condominiums planned for 215-221 West Spencer Street. The project, dubbed “Ithaka Terraces”, is the idea of Ed Cope, a retired Cornell biologist who owns the local property management firm PPM (Premium Property Management) Homes.
215-221 West Spencer Street is a steeply sloped 0.47 acre site that was previously home to a multistory apartment building. The building had fallen into disrepair by the early 2000s, and the city bought the property for $530,000 in 2003 with plans to turn it into affordable housing. However, that plan was thrown off track after the building burned down not long afterward. The site was then used as an informal parking lot by nearby residents for a number of years while the city figured out what they wanted to do with it. The city deeded the property to the Ithaca Urban Renewal Agency in 2013, who attempted to sell it as affordable housing, but found no takers at the $100,000 starting bid. Cope picked up the property when it was offered for sale to general housing, paying $110,000 in March 2015. Sketch plans were presented a few weeks later at the March Planning Board meeting.
The parcel is zoned R-3a, and the property required some variances for having parking within rear yard setback, which the planning board and BZA were comfortable with given the steep topography of the site. The property was approved by municipal boards last fall. Long story short, it’s classically-inspired urban infill.
The plan is to have the buildings ready for occupancy by September 2017. Units range from $265,000-$390,000, depending on size and location. Two of the units are 3-bedrooms, and the other ten are two-bedrooms, ranging from 637-1311 SF. For those interested, more information can be found at the just-activated website for the project here.
Along with Ed Cope (operating as “Net Zero NRG LLC”) on the project team is architect Noah Demarest of STREAM Collaborative, Taitem Engineering for structural engineering, T.G. Miller P.C. for site surveying and civil engineering, and green building expert AquaZephyr as general contractor. All of those businesses are local. The sawhorses in the photos say McPherson Builders, but they could be a subcontractor, or on loan.
In the now two-week old photos below, Building A is already under construction, while the site for building C has been leveled. More specifically, the foundation has already been dug, formed and poured for Building A, and the first-floor walls have been erected. Like their little pioneer across the street, The buildings are designed to be net-zero energy capable. The slab foundations will be insulated with R15 rigid foam, and the first floor walls use insulated concrete forms (ICFs) similar to the Fox Blocks used for the Thurston Avenue Apartments a couple of years ago. The walls are put together block-by-block, with concrete poured into the inside gaps. This provides insulation on both the interior and exterior of the wall. The building will use electric air source heat pumps for winter heating and summer cooling, with the electricity provided from a solar array Cope owns in the town of Caroline. The buildings will seek net-zero certification once they are completed.
Here’s the press release from Ed Cope that I received as part of our Q&A:
One of my primary interests in Ithaca housing is to help improve the overall community. My development goals all come from that objective, and so for the past few years I have worked to identify sites that are a very inefficient use of space, and are therefore mostly vacant and difficult to build on which is why they are still in need of development.
This combines with my longtime interest in efficient use of energy which includes building energy-efficient buildings. This interest leads me into risky but rewarding projects and works well with the city’s infill development initiatives. At PPM Homes we have transformed many of the older houses that we have acquired into much more energy-efficient dwellings.
One of our successes was the complete rebuild of a rundown property on a steep and difficult site at 201 S. Aurora. We were able to transform this property into a beautiful and more appropriate “gateway” to South Hill, a sharp contrast to the decrepit and crumbling house it once was.
The Ithaka Terraces project is our second effort at completely new development, the first being across the street at 228 W. Spencer where we took an impossibly small and impossibly steep postage stamp of a site and built a netzero energy 2-bedroom house.
This house, which is now on the market, is currently powered completely by PPM Homes offsite solar array which incredibly also provides all of the electricity for many of the properties that PPM Homes manages.
The condos at Ithaka Terraces will also be powered by an additional solar array that we will be built by Renovus Energy next to our current array which is 15 miles outside of Ithaca.
Both of these properties on West Spencer Street are built on sites that are extremely difficult on which to build. They have been vacant for years and would probably have remained vacant for years to come. Special engineering consideration due to the peculiarities of building on the sites has been handled by Tatiem Engineering.
The Ithaka Terraces project also responds to the recognized need for condominiums downtown. Three blocks from the Commons and consisting of 12 two and three bedroom units, these condominiums will provide upscale quality and energy-efficient living.
In the interest of reflecting Ithaca’s namesake our design will add a pleasing Greek aesthetic to this part of West Spencer Street. The project should be complete by this time next year and be available for reserving units by early summer. Our website for the project is up and running at IthakaTerraces.com .
Ithacating in Cornell Heights 
