News Tidbits 6/30/19

30 06 2019

 

1. We’ll start off at the waterfront. A rundown single-family home and an antique store / former printshop at 313-317 Taughannock Boulevard sold on the 28th to an LLC at the same address as the City Harbor development site. The development team, which includes Lambrou Real Estate, Morse Constriction, Edger Enterprises, and businesswoman Elizabeth Classen, has been active beyond the boundaries of their Pier Road project. They intend to buy The Space at GreenStar when GreenStar is moving in to their new flagship up the road at the end of the year, and now there’s this purchase to consider.

Zoning (Waterfront “Newman District”) allows for up to five floors and 100% lot coverage with no parking required, but like the 323 Taughannock townhouse project a couple doors down, it’s difficult to build that high along Inlet Island’s waterfront because the soils are waterlogged, and the costs for a deep pile foundation typically outweigh the benefits of going up to five floors. The need for an elevator above three floors is another potential inhibiting factor for a small site like this. The rumor mill says that it was one of the partners that purchased the property, and that there is a small redevelopment planned, so keep an eye out for further news in the coming months.

2. Meanwhile, just a few blocks away, a potential prime opportunity just came onto the real estate market. 720-728 West Court Street is Wink’s Body Shop and Collision Center, and Wink’s Hobbies. Previously a storage and equipment facility for Verizon and the Hearth & Home wood stove and fireplace store, the Winklebacks moved their shop there about a decade ago and have expanded to fill out both buildings in the years since. They purchased the property for $1.7 million in 2014, and the current assessment has them at $1,387,500.

As of now, the asking price is $4.5 million. That high asking price is essentially an expectation of redevelopment, and to be fair, the site comes with a lot of potential. The zoning here is WEDZ-1a, 5 stories maximum, no parking requirement and 90% lot coverage. In terms of gross square footage, someone could build out about 215,000 square feet, though any practical proposal would likely be substantially less. If there’s a deep-pocketed developer who wants to get in on the West End with a large footprint and a lower amount of pushback compared to some other locations, this is a good prospect. David Huckle of Pyramid Brokerage is handling the listing.

Side note, the yellow shaded area above is not developable – it’s city-owned with an easement conveyed to allow non-structural uses, like parking or green space, unless they decide to expand Route 13.

3. While not totally unexpected, Jeff Rimland’s 182-unit, 180-space redevelopment proposal for the eastern third of the Green Street Garage was unsolicited. The IURA’s Economic Development Committee did consent to Rimland’s request to being the preferred developer for the site, but before anyone starts typing up those scathing emails, there’s a crucial difference between this portion of the site, and the western and central sections that filled up so many headlines last year and led to the Vecino Group’s Asteri Ithaca project.

There is ground floor commercial space under the garage on the ground level of the eastern section. Rimland owns the ground floor, part of his purchase of the former Rothschild’s back in 2003, and he also has a 30% stake in the Hotel Ithaca (the remainder being Urgo Hotels). Basically, no one else would be able to do anything with that site without his permission. Meanwhile, because the garage above the commercial space is public, the air above the garage is public, so he has to seek an easement from the city for any skyward projects. So while he could stop any other projects, the city has its own hand of cards to try and get what they want out of his project, like an affordable housing component or other desired features. By the way, and this detail is for reader Tom Morgan – the height will be 126′ 8 1/4″. A bit less than Harold’s Square, but a few feet more than Seneca Place.

4. The latest Asteri submission still consists of rather vague watercolor renders, but it show some substantial design differences from the original submission. Among the changes include design revisions to the conference center space, the addition of a stairwell, a setback at the northwest corner, and different window patterns.

As part of the revisions, Vecino actually pitched three different ideas to the city – an eight-story, 173-unit apartment building with a 9,000 SF grocery store; a 12-story, 273-unit apartment building with a 9,000 SF grocery store; and an eleven-story, 218-unit building with the two-story, 45,000 SF conference center space, including a 12,000 SF ballroom. All host 350 parking spaces. The IURA made it clear its preference is for the conference center option.

Construction looks like it would be from June 2021 – July 2023; and Cinemapolis would have to temporarily relocate during the demolition phase, June 2021 – January 2022. A number of units would be set aside for those with developmental disabilities, with support services provided by Springbrook Development Disability Services.

5. Visum seems fairly confident it will soon earn city approval for its 49-unit, 141-bed rental project at 815 South Aurora Street. To quote the Facebook post: “815 South Aurora St is coming along! Hopefully should have final site plan approval and be breaking ground in August!” The project is slated for a Fall (really late August, since that’s the start of academic fall) 2020 opening.

At the planning board meeting last week, the board voted 6-1 (Jack Elliott opposed) to final approval for Cornell’s 2,000 bed North Campus Residential Expansion, and that will be rapidly getting underway over the next few weeks. Vecino’s Arthaus project was pulled at the last minute because the results of the air quality study weren’t ready in time. According to Edwin Viera at the Times, the board reacted favorably to the Visions Federal Credit Union branch / amphitheater proposal at 410 Elmira Road, and declared itself lead agency for environmental review.

Some design tweaks (larger and better integrated townhouse porches) were suggested for the Immaculate Conception School redevelopment project, and like the council and community group did before them, the board asked the Carpenter Park team to explore integrating affordable units throughout the site rather than having them all in one building. That last one is always going to be tough, because state-administered affordable housing grants like those that the Carpenter developers are pursuing don’t allow affordable units to be spread out among the market rate out of concern the market-rate section goes bankrupt; you could put them in the same building as market-rate, but they would have to be one contiguous entity within the building, as with Visum’s Green Street proposal.

6. Surprise surprise. According to Dan Veaner at the Lansing Star, the Lansing village planning board voted to name the latest Lansing Meadows revisions a “minor change” after the developer submitted revisions calling for 12 units in four triplexes by July 31, 2020, and another two triplexes by December 31, 2020, for a total of 18 units, two less than the 20 initially approved. All infrastructure (water, sewer, one-way road) would be completed in the initial phase, and having those 12 units completed will satisfy the TCIDA’s agreement for the tax abatement awarded to the project back in 2011. The vote will allow the code enforcement office to issue the building permits necessary to get underway next week.

 


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

News Tidbits 5/11/19

12 05 2019

1. The proposed revision (downzoning) along West State / MLK Jr. Street is moving forward with circulation (review by city departments and associated stakeholders), with a couple of major revisions. The zoning would not be CBD-60. It would be CBD-52 for structures with less than 20% affordable housing, and CBD-62 for structures with 20% or more affordable housing. The quirk in the height is due to mandatory floor heights, which will be 12 feet for the first floor, and 10 feet for each floor above – in other words, five floors for projects with a lack of affordable units (=< 80% area median income), six otherwise.

For 510 West State Street, in which all 76 or 77 units are affordable (my unit count is 76, but they typed 77 in a couple sport of the Site Plan Review), the project would remain largely intact. The new setback requirement would push the fifth and maybe a very small portion of the sixth floor back from West State/MLK Jr. Street for the mandatory fifteen feet, so a little square footage would be lost there. The city had initially sought thirty foot setbacks, but the Ithaca Fire Department said that it would not be reachable by their trucks if the fifth floor was that far away from the street face.

Now, some more astute readers might be wondering is this affects Visum’s other West End project at 109 North Corn Street. The answer is no. The setback rule only affects buildings fronting West State / MLK Jr. Street. The downzoning is intended to protect an aesthetically pleasing segment of West State more than anything else. The setback does technically apply to West Seneca Street, but the building height there is 40 feet anyway, which is the same as the setback.

The affected blocks now also include the 300 and 400 Blocks of West State Street. The only publicly known project that would be impacted is INHS’s Salvation Army redevelopment, which was only aiming for five floors on the West State Street side anyway, but could potentially be impacted by the setback rule – the project design is still in the concept stages with no public images.

A speaker during public comment asked to extend the zoning further to Downtown, and some councilors have discussed further downzoning because “the developers can just pursue a PUD”. That thought process ignores the drawbacks. The more areas impacted and the more stringent zoning becomes, the more labor and time intensive it becomes for city staff because it would likely trigger more PUDs, even while resulting in less development in general because a PUD adds months to a project timeline, uncertainty that lenders don’t like, and forces the Common Council to take on the role of a second Planning Board (which some councilors might be fine with, but some definitely would not and raised this as a complaint during the vote on whether to create the PUD overlay to begin with). Also, if the downzoning were to be applied to a property against the owner’s wishes, say the County Annex property for example, it would likely trigger a costly lawsuit. TL;DR, it looks tempting for additional “community benefits”, but could have significant negative impacts and should be used sparingly.

2. Staying in the realm of laws for a moment, there’s an ordinance that should be made aware to residents of Northside and Fall Creek. A proposal from 1st Ward councilor Cynthia Brock would require every rental agreement and every home sales transaction within 1200 feet of the Ithaca Area Wastewater Treatment Facility’s boundaries to provide documentation of the potential issues and hazards of living near the plant – “you should be prepared to accept such inconveniences and discomfort as a normal and necessary aspect of living and operating in proximity to a waste water treatment facility,” as the document states.

The document isn’t ill-intentioned, but this does impact over a hundred existing Northside and Fall Creek homes and apartments, and quite reasonably would have a negative financial impact on them, whether they plan to sell or if they rent out space. There is nothing on record that these residents have been notified of this proposal. City staff don’t even seem comfortable with the proposal as-is, they don’t think Fall Creek residents are substantially impacted and suggested a cutoff at Route 13, but the 1200 square foot radius seems to be the version being considered right now, paying a trip to city attorneys to see if it’s legal to apply it to all rentals, a detail added at the meeting. Honestly, this doesn’t seem well thought out at this time, and poses a burden to existing homeowners who have not been made aware because of the lack of sufficient outreach.

3. Arthaus and Library Place have had their tax abatement requests approved, on 7-0 and 6-1 votes. The former will bring 124 affordable housing units including special needs housing and artist-centric amenities to the city of Ithaca at 130 Cherry Street. The latter will provide 66 senior housing units on the former Library property on the 300 Block of North Cayuga Street. Arthaus is expected to start construction at the end of the year, while Library Place will resume this month, with completions in 2021 and 2020 respectively.

County legislator Leslyn McBean-Clairborne voted against the Library Place proposal, citing some of the concerns raise over the lack of affordable housing (three units will now be 80% area median income) and general discontent with the site. In my intro post to the project, I mentioned if vaguely that there was a legislator who thought the affordable housing, condominiums, and Travis Hyde projects were all terrible – that was McBean-Clairborne, who has generally favored county offices on the site instead of housing. The county did a study to consider renovating the old library for offices back in 2011, a couple years before the RFP, but the study found it was financially prohibitive because of the building’s unusual interior layout (that soaring 1960s atrium wasn’t a good use of space, and wouldn’t have been cheap to replace).

4. Carpenter Park is also moving forward, in this case with the pursuit of its special PUD zoning. The project is seeking the PUD because of some quirks in yard setbacks, and soil tests showing that they couldn’t place some of the parking underground as initially planned (so now it’s in an above ground garage between the ground-floor retail and the apartments in Buildings B and C). The project would bring about 411,600 SF of new space, including 208 apartments (42 affordable) and an expansion of Cayuga Medical Center’s medical offices, resulting in the creation of 150 jobs. The vote was 4-1, with councilor Brock opposed. The full council will vote on the PUD next month, and then the project can go to the planning board for design review. Keep in mind that the above designs might change somewhat, though the general scale and program mix should stay the same.

5. The Tompkins County Airport has received a $9,999,990 grant, as announced by U.S. Senator Chuck Schumer at a press conference earlier this week. The county was strongly hoping these funds would come through. With the state grant, it means the county is only paying about $260,000 of the $24.5 million bill. Click the link here to learn more about the airport expansion project.

6. The Gun Hill Residences appear to be in the process of selling. A real estate trade magazine notes Southeastern U.S. regional bank SunTrust is giving the buyer a $13.3 million acquisition loan for DMG Investments LLC. DMG Investments is an American subsidiary of a Chinese development firm, DoThink Group of Hangzhou. The company has been active in upstate recently. DMG co-owns a new 322-bed student housing apartment in Albany and has projects scattered across the country. The full sales price has not been discolosed, as the deed has yet to be filed. It was noted that the ca. 1989, 94-unit, 273-bed Gun Hill Residences on Lake Street was nearly completely full at the time of closing (late spring, which is reasonable given a couple of kids might have washed out of Cornell or otherwise moved out). The property was previously owned by Rochester’s Morgan Communities, which was raided by the FBI last year. Morgan purchased the property in February 2011 for $6.15 million, and the current county assessment for Gun Hill is $12.65 million.

OLD render

NEW render

7. Some modest revisions to the Immaculate Conception School plans. Old render first, new render second. The design of the renovated school building has changed substantially, though the overall size has remained consistent. The changes could be due to any number of reasons, from cost concerns to utilities placements necessitating design changes. The single-family homes have been replaced with a four-string of townhomes, and the yellow string has been earmarked for for-sale units.

If I may – make one of the olive green townhome strings red or orange like the houses that have been removed. Keeps it from being so “matchy-matchy”, to borrow a JoAnn Cornish term. More renders can be found on INHS’s sparkling new website here.

On that note, on Monday May 13th the City of Ithaca will hold a Public Information Session for the proposed PUD (Planned Unit Development) for the Immaculate Conception School redevelopment. The Public Information Session will begin at 4:00 PM, in the Common Council Chambers in City Hall. In accordance with the requirements of the PUD, the developer and project team will present information about the project and answer questions from the public.

8. Looking at agendas:

– The city Project Review Meeting (the run up to Planning Board meetings) will look at signage changes for the new Hilton Canopy on Seneca Way, a Presentation and potential Declaration of Lead Agency for 510 West State Street (now 50-70% area median income, initially it was 80-90% AMI), The 141-bed, 49 unit Overlook student housing at 815 South Aurora (updated, and review of Full Environmental Assessment Forms Part 2 and 3), final site plan approval for Arthaus and consideration of preliminary site plan approval for the Chain Works District (the focus right now is the renovations for phase one, office space, industrial space and 60 apartments). Apparently, the “Ezra” restaurant at the Hilton is now being called “The Strand Cafe”, after the theater that once stood on the site. More information can be found in the May project memo here.

– The town of Ithaca will continue its review of Chain Works as well. Their portion of phase one involves the renovation of two manufacturing spaces into industrial and warehouse space (i.e. minimal work, just a sprucing up of the digs). Also your casual reminder that, unlike Dryden, Lansing or really any other sizable community in Tompkins County, the town permitted the construction of not a single new housing unit – again – last month. It looks the next stage of Artist Alley ($150,000 buildout) and Cayuga Med’s radiation vault ($2 million cost) were permitted.

– It appears that the Beer family is heading back for another visit to the village of Lansing Planning Board regarding their until-now cancelled senior cottages project. The only thing known at the moment about this latest iteration is that it would fit the village’s cluster zoning, which means 97 units or less, but not in the same configuration as before (the pocket neighborhood-style homes were too close for code). We’ll see what happens.

– Nothing much to note in Lansing town. Review of the Osmica event venue and B&B will continue, as will consideration of the Lake Forest Circle subdivision renewal and the 12,000 SF commercial building proposed for North Triphammer Road just north of Franklyn Drive.

– Courtesy of the village of Trumansburg, we have a new working title for 46 South Street, formerly Hamilton Square – now it’s “Crescent Way”. PApar krief, including revised EAFs, supplements and BZA findings here. The final version has some site plan changes on the location of some townhouse string types, but the overall unit count remains the same at 73 units (17 market rate for-sale, 10 affordable for-sale, 46 affordable rentals). Approval is on the horizon, a little more than two years to the date of when the project was first introduced. The project will be built in phases, with completion not expected until 2023.

 


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News Tidbits 5/4/19

4 05 2019

1. Generally speaking, when the opposition is opposed to the aesthetics rather than the purpose, then a project is in good shape for IDA approval. That looks to be the case with the Vecino Group’s Arthaus project. The 124-unit all-affordable (50-80% area median income) project at 130 Cherry Street will be seeking IDA approval for an abatement at the May meeting, after hosting its public hearing this month (minutes here). As noted by the Ithaca Times, apart from complaints about it being too big or ugly, there wasn’t much in the way of opposition to the premise of the project, which is what the IDA is more interested in. As far as the IDA is concerned, aesthetics are something to be handled by the Ithaca Planning Board; if it’s okay with the PB, then it’s okay with them. Chances are pretty good that the abatement will be granted. The abatement is worth about $3.73 million towards the $28.8 million project.

2. It may have taken two tries to get the zoning variance approved, but Habitat for Humanity is moving forward with its redevelopment and new builds at 1932 Slaterville Road in the town of Dryden. The existing 19th century farmhouse will be renovated into a four-bedroom home, a first for the local chapter. The land will be subdivided into two additional one-acre parcels for a new three-bedroom home on each lot, about 1,100 SF each. Each home will cost about $70-$75,000 to build, and the goal is to have them ready for occupancy by mid-2020.

Habitat homes are typically sold to families making under 60% of Area Median Income (AMI), or about $36,000/year. The homes would have built with a combination of professional contractors and volunteer labor, including 350+ hours of “sweat equity”, where the future homeowners actively work as members of the construction crew. In a market starved for affordable housing, every little bit helps.

3. We don’t tend to see many big commercial or industrial buildings listed for sale (if in part because there aren’t many), but it looks like the TransAct Technologies building at 20 Bomax Drive in Lansing is now for sale. Now, before anyone gets nervous, the business isn’t going anywhere; they’ve always leased the space since the building opened in 1998 and have a triple-net lease.

A triple-net lease means the tenant pays everything – insurance, maintenance and real estate taxes (formally, net insurance, net maintenance and net real estate taxes on the leased asset – the three nets).  As a result, the rent is substantially lower than it otherwise might be. It may not be all that lucrative, but the property ends up being a fairly safe investment (though with a lot of fine print to determine who pays for things like if a tornado hits or the foundation cracks), generating a modest amount of rent and functioning like an inflation-protected bond, but guaranteed by the lessee rather than the government. All the better when the tenant is stable and signed on for the long-term as TransAct has been.

For just under $6 million, the buyer gets a fairly new industrial building on 7.54 acres with 18,066 SF of office space, 55,759 SF of warehouse and manufacturing space, and the security of a long-term tenant. This will not be an exciting sale, but it’ll be interesting to see who the buyer is. Warren Real Estate is the seller’s agent, and the offering description with financial data is here.

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4. A little bit of soapboxing. I’ve been seeing and getting some messages to this effect lately. First, I’ll note that the first comment is a bit disingenuous. That’s the highest-priced three-bedroom unit. To quote the range of prices from the Ithaca Times:

“Affordable in this case will include rents for people making 50-80 percent of Area Median Income (AMI), which means that rents for studios will be between $737 and $1180 per month, to 1,095 and 1,752 [per month] for a three-bedroom apartment, the highest price.”

Anyway, the comments tend to be to the effect of “this isn’t affordable enough, so I can’t support it”. That’s a textbook case of letting the perfect getting in the way of the good. Here is a project with 124 affordable housing units, with 40 of the units set aside for formerly homeless youth and families with on-site supportive services from TC Action. It would do a lot of good to have this project available to the community.

Honestly, the argument feels like the next evolution of the arguments against affordable housing in general. Now that it’s firmly ingrained that there is a lack of affordable housing in Tompkins County and it does negatively affect the community, the next step is to say, essentially, that nothing is good enough. From a pragmatic stadnpoint, since these projects aren’t something banks and credit unions will fully finance because of the lack of a sizable return on investment, it falls to NYS to award grants. The state will not dispense larger tax credits to make a unit drop from 60% AMI to 30% AMI, that’s up to the developer to make up the bigger financial gap. To do that, either they add in higher-priced units to compensate, or the project doesn’t happen. Which is probably the end goal for many of the complainers anyway. It’s kinda like saying you’re available for a date, but only to those who are millionaire PhDs.

Anyway, weigh each project on its merits. But set reasonable goals.

5. As reported by Dan Veaner at the Lansing Star, developer Eric Goetzmann is seeking changes to the senior housing to be included as part of the Lansing Meadows project. The primary changes are making Lansing Meadows Drive into a one-way street (thus allowing it to be slightly narrower while still able to host on-street parking), and making each duplex into a triplex – three senior housing units per string, for a total of thirty. As a result, the units will be slightly smaller, though still two-bedroom apiece. The two end units in each building will be 1252 SF with a 395 SF garage. The center unit will be 1114 SF with a 251 SF garage. The third change is that Goetzmann and his project team want to amend the approvals to allow the sale of units in the future (the initial plan still calls for market-rate rentals).

This comes with a set of issues that need to be sorted out. The project has to be complete by July 2020 as required by the village in their approval resolution. The village planning board now has to consider the proposed amendments and consider whether they constitute a major change from the approved Planned Development Area (PDA, the village’s DIY zoning). Doing so would either cause the plan to be delayed and violate the resolution, or if declined for further consideration, the resolution would likely trigger a lawsuit between the village, Goetzmann, and the county IDA, who granted an abatement to Lansing Meadows. If they say the changes are minor in the context of the PDA, then construction is expected to start as soon as the amended PDA is granted (May 13th at the earliest).

The plan is to build the northern triplexes first, and then the southern units. The planning board’s not a fan from an aesthetics perspective, but the village’s code officer that the northern half is more elevated, so this reduces stormwater risks. With construction underway and loose soil on the site, if built later the exposed northern half could result in runoff and flash flooding downhill, into the southern half and its new homes. The commercial component on the east side of the property cannot legally be built until all residential units are completed.

It’s been nine years since this project was first pitched, and most stakeholders just want to get this project out of their hair. It’s not clear when that will happen.


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News Tidbits 4/24/19

25 04 2019

1. Here’s a real estate sale worth noting. A vacant 25-acre parcel of land between 1758 and 1786 Trumansburg Road (just south of Jacksonville) sold for $140,000, according to a deed filed with the county today. What makes this sale interesting is that the buyer is an LLC associated with the operating address of Classen Home Health, the senior healthcare firm run by local businesswoman Patty Classen. The Classen family has not been shy about investing in development projects, though her sister Elizabeth is the more active one at present. Elizabeth owns the Bridges Cornell Heights skilled care facility, and  is also involved as a partner in Travis Hyde Properties’ 66-unit Library Place Development. Taking a semi-educated guess, there’s a good chance this property will be developed out into senior housing at a later date, so it’s worth keeping an eye on.

2. Meanwhile, over in the village of Lansing, the former Autodesk Building has exchanged hands. The 19,470 SF office building on 2.37 acres sold for $4.14 million, from the Colbert family of commercial landlords (Greenstate Properties) to an LLC led by local businessman and developer Bryan Warren of Warren Real Estate. The Colberts developed the property and opened the building in 2002. The price was substantially more then  the assessment of $3.15 million, but that’s probably not because of a planned redevelopment. It likely has more to do with having a tenant lined up for the building, the Alcohol and Drug Council of Tompkins County, who will build out and operate a 40-bed detox facility at the site. A stable, long-term tenant is a strong asset to have when selling a property. The village of Lansing has not been a fan of the project (the argument being, those in treatment “don’t belong [here]” and pose a safety threat), but since it’s just an interior renovation and medical uses are permitted in its zoning, there’s not much the village can do as long as everything remains in compliance with code. The sale may be finished, but the facility won’t host overnight stays until at least the summer, and the renovations won’t be finished until late 2020.

3. How often do I report things out in Enfield? Practically never. But the town planning board is reviewing a pair of small apartment projects this month. Patrick Head, owner of Head’s Excavating, plans to build a pair of four-unit apartment buildings, each on a different site in the town. The first would be at 1795 Mecklenburg Road, and the other on the southwest corner of Enfield Center Road and Van Dorn Road. All of the units would be rentals, two bedrooms each, and according to the Environmental Assessment Forms, it looks like each unit will be about 1200 SF, with either two floors or one floor with a finished basement. Both properties are currently vacant; the former used to host a farmhouse but was destroyed by fire in September 2015, and the later is a vacant 5-acre lot that was created through the subdivision of a larger property.

4. Sticking with the rural towns for now – out in Danby, plans are underway for a new mixed-use project at 1839-1849 Danby Road. The development calls for a small commercial retail plaza and a space for a cafe or restaurant, as well as additional residential rental space. 1839 Danby Road is a two-family house with six bedrooms, and 1849 Danby Road is a four-unit apartment house with six bedrooms, along with a couple of garages and sheds.The historic portions of the homes would be saved and incorporated into the development, which is designed to incorporate sustainable building practices (green roofs, alternative energy sources), and create a “town center” like sense of place in the hamlet of Danby. That includes a small B&B, a seasonal food market, and the small market/cafe. Ultimately, if successful the project would expand out to fifteen housing units and two more commercial spaces. It’s not big by most standards, but it’s notable for a 3,500-person town. Property owner Olivia Vent is the developer, and the plans are being designed by Ben Rosenblum Studio.

5. According to the town of Dryden’s planning department, the medical project at 2141 Dryden Road will be fairly modest in size – two floors, 3600 SF. The 908-acre Mill Creek subdivision on Caswell Road is listed as 40 lots, up one from the previous 39, though it could just be something like a stormwater parcel. Also of note, the Route 13 development study from Warren Road to the western boundary of the village of Dryden. With several large development floated for the corridor, the county has an RFP out to do a study for “strategic guidance” so as to allow development while minimizing potential negative impacts (traffic, environmental degradation from in-commuters, etc.) The RFP for that closed on the 22nd.

6. Will the Lansing Meadows senior housing ever happen? Developer Eric Goetzmann of Arrowhead Ventures is trying to change the senior housing in the Lansing Meadows project again. Given that the village and the county have had it up to their proverbial necks with his shenenigans, this has the potential to be very poorly received. The approved plan as it stands is for twenty two-bedroom units. It was supposed to start construction last year, but was delayed a year due to construction bids coming in higher than anticipated. Either the bids have come in too high again and he’s trying to value engineer the project, or some other issue has arisen. We’ll see how this one goes next Monday.


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News Tidbits 1/19/2019

20 01 2019

Now, let’s take a look at some notable property sales over the past few weeks. To make this easy, most sales documented in this post will use a standardized format for each entry.

1. What sold and for how much? 8 and 28 Newfield Depot Road, the parcel IDs for the 188-unit Valley Manor Mobile Home Park in Newfield, for $2,300,000 on 12/19/2018.

Who was the seller? Jim Ray Homes, a local manufactured and mobile home dealer, and mobile home park operator.

Who was the buyer? Cook Properties of Rochester, a mobile home management firm with properties across upstate New York.

Anything else? Not especially. The sale was just short of the tax assessed value ($2.3 million vs. $2.369 million), and while it’s a change of ownershipp, it’s also likely a maintenance of the status quo. Still, it’s a high-dollar sale worth noting. The assessment for mobile homes and manufactured homes is a bit funky, and I think the owners only own the lots, which likely contributes to the low price per unit.

2. What sold and for how much? 232 South Geneva Street for $533,000 on 12/20/2018, and 311-13 Farm Street in Fall Creek for $700,000 on 12/20/2018. 232 South Geneva is a 5-unit apartment building in the Henry St. John neighborhood; it sold for $302k in 2013, and $200k in 2008. 311-13 Farm Street is a 3-unit apartment building that sold for $505k in 2009. It includes 15 rentable bedrooms, and a portion that was set aside as an AirBnB by the previous owners, who had it on the market for $750k (assessment $610k). Both are small multi-family examples of the rapid price appreciation Tompkins County has been seeing in walkable urban areas.

Who was the seller? Jeremy Dietz for 232 South Geneva, and S&Y Investments, a California-based LLC (sales docs indicate the owners are John Scarpulla and Allyson Yarbrough) for 311-13 Farm Street.

Who was the buyer? An LLC associated with local landlord and developer Charlie O’Connor, owner of Modern Living Rentals.

Anything else? Don’t expect teardowns here. Generally speaking, that’s not MLR’s approach to Ithaca’s inner neighborhoods. Do expect them to stay rentals, probably with a renovation in the near future (see: 1002 North Cayuga Street and 202-04 East Marshall Street). O’Connor is flush with cash after his multi-million sale of the under-construction 802 Dryden Road to a Pittsburgh-based real estate investor last fall.

3. What sold and for how much? The Sprucewood Apartments in Northeast Ithaca, for $8,640,000 on 12/21/2018.  Sprucewood is a 108-unit apartment complex completed in 1966. All units are three-bedrooms, in eighteen six-unit buildings.

Who was the seller? The Lucente family, who run Lifestyle Properties in Ithaca. They own a host of other housing developments, including the Village Solars under construction in the town of Lansing.

Who was the buyer?  Winston Square LLC, an LLC associated with Stratford Management, a multifamily housing management firm with locations in six states.

Anything else? A case of “under new management”. The Lucentes are a whole lot richer, and Stratford, which mostly owns older apartment complexes across upstate, finally gets a toehold in the stable and lucrative Ithaca market. With it comes a new website and a name change, from Sprucewood to Winston Square. The apartments are primarily located on Winston Court, and the name comes from the late Rocco Sr.’s penchant for naming streets after cigarette brands in the 1950s and 1960s, hence the nickname “Cigarette Alley” for Northeast Ithaca. I don’t imagine that will be a part of the advertising pitch.

4. What sold and for how much? 815 South Aurora Street, for $385,000. The property includes a 2,845 SF industrial building and a 2,537 SF warehouse on 1.85 acres on South Hill. A radio and telecommunication tower is on site.

Who was the seller? Harold Fish. The Fish family has owned the property since at least the 1950s.

Who was the buyer? “IC Overlook LLC”, which appears to be associated with Modern Living Rentals and its owner, Charlie O’Connor.

Anything else? With Todd Fox, O’Connor proposed an 87-unit (all studio units) apartment building for the site in 2015, and in order to move forward, the duo had to make a case for the city to change its rules for building near radio and telecommunication towers. Most communities use the height plus 10 feet; at the time, Ithaca used double the height. This is a 170-foot tower, so that meant a 340 foot radius, instead of 180 feet as seen in most communities. The logic is the height plus a bit for bounce; but planning staff mused that Ithaca was a bit paranoid when the legislation was drawn up in the 1990s. The zoning code was revised, but such that it’s height plus 20% – a 204 foot radius, so the project had to be redesigned a bit. The last that was heard, plans were being for a 125-bedroom project in December 2016, but nothing came to light.

Until now. A sketch plan is scheduled for the planning board meeting next week.

5. What sold and for how much? 327 West Seneca Street, for $235,000 on January 11th.

Who was the seller? The estate of Orson Ledger, a man who was known in his decades of Ithaca for providing affordable housing by running his properties into the ground so that assessments would be low. Folks involved with Ithaca’s rental market in decades past tend to have strong opinions about Ledger, who died in a car accident five years ago.

Who was the buyer? An LLC tied to Visum Development Group.

Anything else? It means Visum’s 12-unit workforce housing proposal approved for 327 West Seneca Street is now one step closer to happening.

6. What sold and for how much? 305 West Green Street, for $560,000 on January 17th. 305 West Green Street is the former Ithaca Plastics. The property hosts a 2,400 SF home and a 5,150 SF industrial building.

Who was the seller? Richard and Sharon Buechel of Dryden, who had owned the property since 1989.

Who was the buyer? Cascade Studios LLC, which is registered to the address of Ithaca musician Brian Thrash.

Anything else? Generally not wise to take guesses on these sort of things, but plans for a music/recording studio, perhaps?

7. Something that catches the eye – local landlord Ed Cope has been actively selling off many of his rental properties. 310 Farm Street was sold for $365,000 on 12/28 to Jonah and Alicia Freedman, as was 312 Farm Street, for $395,000 on the same day. 513 South Aurora Street was also sold on December 28th, to Andrew Schreck for $425,000. Cope sold out of his share of 324 West Seneca Street for $180,200 on January 17th, and sold out of his share of 318-20 West Seneca on the same day for $349,800. That’s in addition to the sale of 115 Linn Street for $540,000 last October. That’s six sales in four months.

Vice-versa, Cope bought 107-09 Hudson Street from the estate of Sophia Tselekis for $540,000 on January 10th. Previously, Cope purchased 115 Hudson for $495,000 in October, and 108-110 Hudson Street for $460,000 in September.

All of this is to suggest that Ed Cope has been a very busy man lately. It would look as if he’s selling off properties to finance purchases of other properties clustered on the 100 Block of Hudson Street, just south of downtown and Six Mile Creek. Cope already owns 105 Hudson Street and 201 South Aurora Street on the corner, 114 Hudson, 117 Hudson and 118-120 Hudson. That leaves three properties in that cluster of eleven that he doesn’t own – 101, 111 and 112 Hudson Street. It’s not clear if something is in the works, but it is curious.

Now onto building loan agreements:

8. Where property received the construction loan? 232-236 Dryden Road, also known as “The Lux”, a 206-bedroom pair of student-oriented apartment buildings completed in 2018.  Visum Development Group completed the project, and plans are in the works for an eight-unit, 16-bedroom third building at 238 Dryden Road.

Who gave them the money? MF1 Capital LLC. The LLC is joint venture between real estate megafirm CBRE, Limekiln Real Estate of New York and Berkshire Group of Boston. According to online reports, it’s a mortgage REIT (Real Estate Investment Trust) focused on providing cash equity to multifamily (about 75% of its business) and seniors housing (the remaining 25%). A bridge loan is a short-term (2-3 year) financial solution, used as a “bridge” when a developer needs quick cash for a prime opportunity and has yet to obtain conventional construction loans. They’re usually easier to obtain because the analysis that goes into determining whether or not to extend the loan is less extensive, usually based on property value (which means a high-value loan in the case of a large Collegetown property). The trade off on these loans is that they often come with a high interest rate; and with that short term period, the loan will have to be paid back within a few years.

What it suggests here is that Visum has put most of its revenue right back into its latest plans in the form of working capital, and that there’s high confidence both in themselves and from the investor that those plans will be successful. That seems to make the most sense given Visum’s explosive growth. On a related note, $1.5 million would be about right for a new eight-unit apartment building on this site.

 

 


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News Tidbits 11/17/2018

18 11 2018

X. Let’s start this off with a look at a couple of new projects that will be coming forward to the city of Ithaca Planning Board later this month. The first is 815-17 North Aurora Street. Back in June, when the existing property went on the market, I noted that zoning could conceivably allow the dilapidated house currently on the lot to be taken down and redeveloped into two two-family homes. Lo and behold, that is exactly the plan.

Although the listing has been pulled, no sale has been completed, so it’s not clear what kind of premium they are willing to pay for a double-lot development opportunity in trendy Fall Creek. But thanks to the Site Plan Review (SPR) documents, we at least know who the pending owner/developer is – the Stavropoulos family of West Hill, who own the State Street Diner and a growing portfolio of rental units under the name “Renting Ithaca”. The Stavropoli have redeveloped several properties in the past few years, including 1001 North Aurora Street (4 units), 107 South Albany Street (11 units), a two-family home at 514 Linn Street and a two-family unit planned for 209 Hudson Street (they originally applied to build two two-family buildings, but reduced it to one after neighborhood pushback). Their M.O. is basically small-scale rental infill, nothing especially large or ostentatious, and with that they go under the radar for the most part. In short, this R2b-zoned site is a perfect fit for them.

The plan is to tear down the vacant property, and replace it with two two-family structures, four units total. Each will be three bedrooms and 1,290 SF. Their usual architect of choice, Daniel Hirtler, has designed the structures to fit in with the Fall Creek vernacular, with recessed entries and aesthetic details (such as a transition between fiber cement shakes and clapboard siding) for visual interest. The buildings are positioned so that one is in the front of the lot, one at the rear, and only the front structure is visible from most public viewsheds. The site will include four parking spaces with new landscaping and utilities. Heating will come from electric heat pumps, and while the roofs will be capable of hosting solar panels, those aren’t expected to be included as part of the initial build. LED lighting, energy efficient appliances and water heaters, and high-efficiency spray foam insulation are included. This project would very likely meet the new Green Building Policy Requirements if in place. Given recent news in Fall Creek, it should be noted that the old building does contain asbestos (as do most in Fall Creek), but a demolition/deconstruction plan has yet to be filed.

The $627,000 project would be built from January to August 2019, which is a clear nod to having the units ready in time for the next academic year. Fall Creek tends to be less desirable to undergrads at Cornell because of the distance (<1% of total population), but graduate and professional students often rent in the neighborhood (~9% of graduate/professional students at Cornell live in Fall Creek). The planning board is expected to declare itself Lead Agency for project review this month, with approval in December of January, assuming demolition plans, excavation plans and other needed information has been received and approved.

The other new plan to be reviewed this month is for a renovation and expansion of the Maguire Ford Lincoln property at 504 South Meadow Street, just south of Wegmans and the Econo Lodge. Now, for the news savvy, you might be asking, “isn’t Maguire supposed to be moving to Southwest Park?” The answer is two-fold; for one, Ford-Lincoln was not a part of that plan. For two, there hasn’t been much in the way of formal movement on that plan, and the city is hesitant to move forward with a deal because part of the site will serve as a spoils drying area for the inlet dredging, and because of the homeless encampment, which the city would rather not disturb at this time. The evictions didn’t work out so well last time, and members of the Human Services Coalition’s Homeless Task Force are advocating for the city to create a permanent housing solution on-site.

What this all means is that Maguire has to focus on its existing properties to keep them modern and fresh for the time being, both by their own requirements and by Ford’s  – new car dealers must renovate frequently, since carmakers force them to update or risk losing their exclusive rights to sell new vehicles.

Local firm John Snyder Architects is in charge of design for the $1.5 million project, and while some eco-advocates will kvetch that a car dealer can never be green or sustainable, the building itself is designed to fit Ithaca’s yet-to-be enacted Green Building Policy. The second floor will be expanded with new offices, new customer bathrooms will be installed and the parts and customer waiting areas will be renovated and expanded. The showroom will also be expanded, and it will be slightly closer to Meadow Street than permitted in bib box land, so a zoning variance for front yard setback will be required. As a quick aside, JSA doing a car dealership is an interesting change – usually, car dealership design work has gone to Schickel Architecture.

The additions, which will result in a net increase of 5,610 SF, will be steel-framed, with concrete slab foundations, and faced with a couple variations of aluminum metal panels for a contemporary exterior finish. Apparently, that curved thing at the entrance is called a “foil”. Ithaca’s Elwyn & Palmer is assisting with the structural engineering. While there will be landscaping and circulation improvements, and the amount of green space will be increased from the existing site layout, the project will not meet impervious surface zoning restrictions, and will need a second variance to allow the proposed plan.

It’s not 100% clear what the proposed design is, since the elevation drawings don’t match the renders. Note the second-floor windows near the service area and the differences in the panel colors and elements (vertical ribs vs. rectangular panels) in the render.

The plan is to have approvals by January for a March to September 2019 build-out. Because of a tight corporate deadline from Ford, and since the Board of Zoning Appeals is not having a December meeting, and possibly not a January meeting either (expected lack of quorum?), the project team wants to discuss some sort of bundling of review and zoning variances in the review.

3. Ithaca-based architecture firm STREAM Collaborative is cooking up their latest project design, and posted hints of this “Net Zero” energy building on Twitter. There’s a very high chance this small multi-family Net Zero project is local, given STREAM’s nearly-singular focus on the Tompkins County market. Also, given that it’s a three-story building with what appears to be 4-6 units, I’d take a guess at a more settled, primarily residential urban area. Not Downtown Ithaca, but maybe one of the village centers or one of Ithaca’s more residential inner neighborhoods. If it’s an Ithaca-area rental, given the August-August academic calendar that the local apartment market revolves around, I suspect we’ll see more about this project in the next few months if the developer is aiming for fall 2019 occupancy.

4. Something to keep an eye on for the future. 602 Elmira Road sold for $690,000 on October 24th. Not only was the buyer was a New York-based hotelier, but the price paid is far above assessment – the three-acre parcel was only valued at $150,000, and had sold for $140,000 back in September 2014, from the realtor who subdivided it, to another hotel developer, Guru Hotels LLC. So it’s distinctly possible that Guru Hotels developed a plan, designs and all, but decided to not move forward with it and found another interested hotel developer to take over on the development, which would explain much of the premium on the sales price. Of course, those plans have never been brought forward to the town of Ithaca planning board, so buyer beware.

The location has some desirable factors – along Route 13 just beyond city limits, near Ithaca Beer, and within the town of Ithaca’s proposed Inlet Valley agri-business and tourism Corridor. The town as been a bit scattered on how it sees this swath of land next to 13A – the Comprehensive Plan saw it as natural space, current zoning is light industrial, and the Inlet Valley zoning and design guideline study is okay with either of those, an agriculture-related business or something tourism-focused, which a hotel would fit under. Stylistically though, a typical chain hotel will not e approved here – like with the nearby Sleep Inn project, it will have to embrace the ‘rustic look’ the town wants here.

5. 323 Taughannock has its construction loan. Tompkins Trust Company lent the development team $4.061 million to finance work on the 16-unit townhouse project on Inlet Island. The builder looks like a newcomer – Benson Woodworking Company. The firm normally does business as a modular and timber-frame builder based out of New Hampshire. I suspect given the choice of firms that the townhouse units will actually be framed and sheathed off site, and transported over to be assembled like pieces of a puzzle. It’s an unusual project for a firm that mostly does higher-end vacation homes and cabins, but 323 is a wood-frame structure, and the project has already had issues with the poor on-site soils and spiraling costs – a modular approach would potentially save on costs and make the logistics of the construction site easier to manage.

6. Cayuga Ridge has also received a construction loan, a set of them to finance its renovation plans. Three loans, for $12,558,750, $2,216,250 and $1,500,000, were received from CIBC Bank USA (the U.S. division of Canadian Imperial Bank of Commerce, based out or Toronto with the main U.S. office in Chicago). The fourth loan, for $3 million, came from Metropolitan Commercial Bank out of New York. The owners of Cayuga Ridge are based out of the New York area, so perhaps that would explain the choice of lenders. The loans cover $19.275 million of the $21 million renovation, which will thoroughly update the interior layout with updated utilities and enhanced patient services. The renovation is expected to result in 49 new jobs at the nursing and rehabilitation center, mostly new nurses and nurses’ aides.

7. It’s a few weeks old now, but the infill housing behind 310 West State Street is coming along. These are the modular pieces of the new six-bedroom rental being craned into place. Also, the renovation of 310 West State is coming along, soon to be a “co-op” for young professionals. The renovation to the existing home is being paid for through a combination of private funds and a RESTORE NY state grant, while the rear infill is all private equity.

 


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News Tidbits 10/20/18

20 10 2018


1. So here’s an intriguing update to the stalled redevelopment at 413-415 West Seneca Street. Ithaca Neighborhood Housing Services was preparing to buy the former Ithaca Glass property and its development plans, which had hit a major snag due to structural issues with the existing building, and continued financial issues with pursuing of a completely new build (bottom). INHS was planning on purchasing the site and going with the original plan, which would have added four units to the existing two apartments and vacant commercial space. But someone outbid them for the site. The buyer, who has not finalized the purchase, may elect to use either of the plans designed by STREAM Collaborative, or pursue a different project at the site.

While that plan may have fallen through, it looks like the INHS Scattered Site 2 rehab/redevelopment plan will be moving forward following approval of amendments to the funding plan by the IURA and Common Council. The revised plan will dedicate funds toward the replacement of fourteen units (four vacant due to structural issues) in three buildings to be replaced with a new thirteen-unit apartment building at 203-208 Elm Street on West Hill, and major rehabiliation of four other structures (sixteen units) in Southside and the State Street Corridor.

2. Speaking of sales, here’s something to keep an eye on – the Lower family, longtime Collegetown landlords, sold a pair of prime parcels on October 4th. 216-224 Dryden Road was sold for $2.8 million, and 301 Bryant Avenue was sold for $1.4 million. Both properties were sold to LLCs whose registration address was a P.O. Box. A couple of local development firms like to use P.O. Boxes, but with nothing concrete, it’s uncertain who’s behind the purchases.

301 Bryant Avenue has some historic significance as the formal home of the Cornell Cosmopolitan Club. Founded in 1904 as a men’s organization to provide camaraderie and support for international students attending the university, the 13,204 SF, 35-bedroom structure was built in 1911 and served as the equivalent of a fraternity’s chapter house, providing a shared roof, shared meals, social events, lectures by students and faculty about other lands and cultures, and professional networking for students arriving from abroad. A women’s club was organized in 1921. As Cornell grew and different international groups founded their own organizations, the club’s purpose was superseded, and shut down in 1958. The building was purchased by the parishioners of St Catherine’s a parish center before the new one was built in the 1960s, and served as a dorm for the Cascadilla School before Bill Lower bought the building in 1973. Lower converted the structure into a six-unit apartment building, with the largest nit being eight bedrooms. With an estimated property assessment of $1.27 million, the sale appears to be for fair value – no issues, and no indications of redevelopment.

216-224 Dryden Road is much more interesting from a development perspective. 11,600 SF in three buildings (county data suggests either 14 units, or 9 units and 20 single occupancy rooms), the earliest buildings in the assemblage date from the early 1900s, but with heavy modifications and additions to accommodate student renter growth. Bill Lower bought the property way back in 1968. The properties are only assessed at $1.87 million, well below the sale price. That suggests that a buyer may be looking at redevelopment of the site. The site is in highly desirable inner Collegetown, and the zoning is certainly amenable; CR-4 zoning allows 50% lot coverage and four floors with no parking required. CR-4 offers a lot of flexibility – 119-125 College Avenue and the Lux are recent CR-4 projects.

3. The other recent set of big purchases also occurred on October 4th. “325 WEST SENECA ASSOCIATES LLC” bought 111 North Plain Street, 325 West Seneca Street, 325.5 West Seneca St (rear building of 325) and 329-31 West Seneca Street for $1.375 million. 325 West Seneca is a three-unit apartment house assessed at $200k, 325.5 West Seneca is a modest bungalow carriage house assessed at $100k, 329-331 West Seneca is a two-family home assessed at $360k, and 111 North Plain Street in a neight-unit apartment building assessed at $475k. Added up, one gets $1.135 million, which suggests the purchase price was reasonable.

Given that 327 West Seneca is currently the subject of a moderate-income redevelopment proposal from Visum, one would expect Visum to likely be behind these purchases, right? But the LLC traces back to the headquarters of a rival real estate development firm, Travis Hyde Properties. The whole thing strikes me as a little odd, but who knows, maybe Frost Travis bought the properties as stable assets rather than development sites.

4. Let’s stick with Travis Hyde Properties for a moment – here are the submissions related to his Falls Park Apartments proposal. Readers might recall this is the plan for 74 high-end senior apartments on the former Ithaca Gun site. Drawings here, 138-page submission package courtesy of TWMLA’s Kim Michaels here. Trowbridge Wolf Michaels Landscape Architecture will handle the landscape design, and newcomers WDG Architecture of Washington D.C. are designing the building.

No cost estimate has been released for the project, but buildout is expected to take 20 months. 150 construction jobs will be created during buildout, and the finished building will create four permanent jobs. The project will utilize New York State Brownfield Cleanup Program (NYS BCP) tax credits. In the case of this project, the credits would be a smaller credit to help cover the costs of site remediation insurance, and a larger credit awarded by the state that would cover 10-20% of the project’s property value, depending on whether it meets certain thresholds. It is still not clear at this point if a CIITAP tax abatement will be pursued.

The 74 units break down as follows: 33 two-bedroom units (1245 SF), 9 one-bedroom units with dens (1090 SF), and 32 one-bedroom units (908 SF). All units include full-size kitchens, wood and/or natural stone finishes, and about half will have balconies. Also included in the 133,000 SF building is 7,440 of amenity space, and there will be 85 parking spaces, 20 surface and 65 in the ground-level garage.

A number of green features are included in the project, such as LED lighting, low-water plumbing fixtures, and a sophisticated Daikin AURORA VRV high-efficency HVAC system, which uses air-source heat pumps. It look like there is some natural gas involved, however, for heating the rooftop ventilation units, and in the amenity space’s fireplace.

Due to soil contamination issues, the plan is essentially to dig up the soil and cart it off to the landfill in Seneca County. The soil runs up to 11.5 feet deep, and the building foundation will be 15 feet below current surface level (about 85% of the foundation will be a shallow slab, with deeper piles near the northeast corner). As a result, some of the bedrock will be removed and disposed of as well. What soil does remain on-site will be sealed in a NYSDEC-approved cap. Concerns about VOCs in the groundwater are somewhat mitigated by the geology of the site (horizontal fractures carry the VOCs downhill), but the ground level is a ventilated garage in part to prevent sustained exposure to vapor intrusion. The project will be presented at this month’s Planning Board meeting, where the board is expected to declare itself lead agency for environmental and site plan review of the proposal.

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5. So, one of the reasons why the Voice writeup on the Carpenter Park site didn’t include building renders was because in a follow-up phone call for hashing out the emailing of PDF images, Scott Whitham of Whitham Planning was adamant they not be used, describing them as highly conceptual. He didn’t even want to pass them along out of fear they’d mislead the general public. For the merely curious, here are images taken by Second Ward Councilman Ducson Nguyen.

The architecture firm that’s involved with the project is a newcomer to the Ithaca area – Barton Partners, which has a lot of rather high-end, traditional-looking design work scattered throughout the Northeast, as well as a new more modern designs similar to the placeholders. Can’t make any hard conclusions at this point, but a look through their portfolio gives an idea of what one might expect to see with the Carpenter Park redevelopment.

6. The former Wharton movie studio at Stewart Park is slated to become a gallery and visitor’s center, thanks to a $450,000 state grant. The building, which was the studio’s main office from 1914 to 1920, and is currently used by the city Board of Public Works, will be renovated into the Wharton Museum, with exhibit space, a public meeting room, and a terrace / seating area overlooking the lake. The project will be a joint effort by the Wharton Studio Museum and Friends of Stewart Park, with assistance from the City of Ithaca. Todd Zwigard Architects of Skaneateles (Skinny-atlas) will be in charge of designing the new museum space. It will be fairly modest in size, about 1,000 square feet, with the rest remaining for BPW use; the public works division will compensate the loss of space with an addition onto its annex nearby.

The project should dovetail nicely with a couple of other local nonprofit projects underway – the revitalization and expansion of the Stewart Park playground will give younger visitors something to do while their parents or grandparents check out the museum, and there’s potential to work with The Tompkins Center for History and Culture on joint projects that encourage visitors to pay a visit to both Downtown and the lakefront.

7. The Old Library redevelopment is once again the subject of controversy. Due to structural issues with the roof and concerns about it collapsing onto workers during asbestos abatement, the city condemned the building, which changed Travis Hyde Properties plans from sealing the building in a bubble and removing the asbestos before demolition, to tearing it down without removing asbestos from the interior first. Much of the asbestos from its late 1960s construction was removed as part of renovations in 1984, with more in the 1990s, but in areas that weren’t easily accessible, it was left in place.

The new removal plan has led to significant pushback, led by local environmental activist Walter Hang. A petition floating around demands that the city un-condemn the building and then forces Travis Hyde to renovate the building enough to stabilize the roof to remove the asbestos.

While the concern about the asbestos is merited, there are a couple of problems with this plan. It boils down to the fact that New York State code, rather than the city, defines what a developer can and can’t do with asbestos abatement. The two options here are stabilization and removal before demolition of the above-ground structure, or tearing it down piece by piece and using procedures like misting to keep the asbestos from getting airborne, with monitors in place to ensure no fibers are entering the air. The city can’t force a developer to choose one approach over another, if a building is condemned, and the city can’t force Travis Hyde to renovate the building to a state where it wouldn’t be condemned. That would be the NYS Department of Labor’s role. But if the city rescinded its condemnation, a roof renovation would involve removing the existing roof – a procedure that involves misting the on-site asbestos to keep it from getting airborne. With workers going in an out of the building to stabilize the structure and being put at risk by the unstable roof as well as the asbestos, the Department of Labor isn’t going to sign off on anything putting crewmen at risk of a roof collapse.

There is some consternation with this, and that’s fair. The development project did take several months longer to move forward than first anticipated, though had it started on time it’s not clear if the city and THP wouldn’t have been in this position anyway if work had started sooner. Demolition is expected to start within thirty days of the permit being issued (and it has, so in effect, any day now), and take six to eight weeks to complete.

8. Unfortunately, I had to miss this year’s architects’ gallery night, which is a shame because the local firms like to sneak in yet-unannounced plans. Case in point, this photo from Whitham Planning and Design’s facebook page clearly shows something is planned at the site of the Grayhaven Motel at 657 Elmira Road. The Grayhaven has four on-site structures, and the two westernmost buildings look as they do now…but the footprints of the two eastern buildings, where one first pulls in, do not match their current configuration. Intriguing, but also frustrating. The boards on the floor are related to the Visum Green Street proposal, and the other wall board is a North Campus proposal that didn’t make the cut, previously discussed on the blog here.

9. Out in the towns, there’s not a whole lot being reviewed as of late. The town of Lansing will have a look next week at marina renovations, a one lot subdivision, and a 4,250 SF (50’x85′) expansion of a manufacturer, MPL Inc., a circuit board assembler at 41 Dutch Mill Road. The expansion of their 14,250 SF building will create five jobs or less, per site plan review documents.

In Dryden town, the town board continued to review the proposed veterinary office in the former Phoneix Books barn at 1610 Dryden Road, and they’ll had a look at a cell phone tower planned near TC3. Danby’s Planning Board looked at an accessory dwelling application and a two-lot subdivision last week. Ulysses had a look at a proposal for a 6,400 SF pre-school and nursery building planned for 1966 Trumansburg Road, a bit north of Jacksonville hamlet.

The village of Cayuga Heights Planning Board has a single-family home proposal to look at 1012 Triphammer Road, and in the village of Lansing, the Planning Board and Board of Trustees will review and weigh consideration of a PDA that would allow the Beer family’s proposal for multiple pocket neighborhoods of senior cottages to move forward on 40 acres between Millcroft Way and Craft Road. Trumansburg is still looking at the 46 South Street proposal from INHS and Claudia Brenner.

10. Last but not least, the city of Ithaca Planning Board’s agenda for next week. Apart from the long-brewing Carpenter project, there’s nothing else that’s new, continuing the relative lull in new projects. Cornell’s North Campus Expansion continues its public hearing, and the new warehouse and HQ for Emmy’s Organics looks ready to obtain final site plan approval.

1 Agenda Review 6:00
2 Privilege of the Floor 6:05
3 Approval of Minutes: September 25, 2018 6:15
4 Subdivision Review

A. Project: Minor Subdivision 6:20
Location: 111 Clinton St Tax Parcel # 80.-11-11
Applicant: Lynn Truame for Ithaca Neighborhood Housing Services
Actions: Consideration of Preliminary & Final Subdivision Approval

Project Description: The applicant is proposing to subdivide the 1.71 acre property onto two parcels: Parcel A measuring 1.6 acres (69,848 SF) with 299 feet of frontage on S Geneva St and 173 feet on W Clinton St and containing two existing buildings, parking and other site features; and Parcel B measuring .1 acres (4,480 SF) with and 75 feet of frontage on W Clinton St and containing one multi-family building. The property is in the P-1 Zoning District which has the following minimum requirements: 3,000 SF lot size, 30 feet of street frontage, 25-foor front yard, and 10-foot side yards. The project requires an area variance of the existing deficient front yard on the proposed Parcel B. The project is in the Henry St John Historic District. This is an Unlisted Action under the City of Ithaca Environmental Quality Review Ordinance (“CEQRO”) and the State Environmental Quality Review Act (“SEQRA”), and is subject to environmental review.

The story behind this is that for legal purposes, INHS needs to split an existing house from its multi-building lot before it can proceed with renovating it as part of the Scatter Site Housing renovation project. No new construction is planned.

B. Project: Major Subdivision (4 Lots) 6:30
Location: Cherry Street, Tax Parcel # 100.-2-21
Applicant: Nels Bohn for the Ithaca Urban Renewal Agency (IURA)
Actions: Consideration of Preliminary Subdivision Approval

Project Description: The IURA is proposing to subdivide the 6-acre parcel into four lots. Lot 1 will measure 1.012 acres, Lot 2 will measure 1.023 acres, Lot 3 will measure 2.601 acres, and Lot 4 will measure .619 acres. Lot 3 will be sold to Emmy’s Organics (see below), Lot 4 will be left undeveloped for future trail use, and Lots 1 & 2 will be marketed and sold for future development. This subdivision is part of a larger development project that is a Type I Action under the City of Ithaca Environmental Quality Review Ordinance (“CEQRO”) §176-4 B(1) (c) and (j) and B(4) the State Environmental Quality Review Act (“SEQRA”) §617-4 (b) (11), for which the Planning Board made a Negative Declaration of Environmental Significance on September 25, 2018.

The Emmy’s Organics project is really two components – one, the new building in the city-owned Cherry Industrial Park, and two, the city’s (IURA’s) construction of a street extension that would service Emmy’s and two smaller lots which could then be sold to a buyer committed to economic growth for presently low and moderate-income households.

5 Site Plan Review
A. Project: Construction of a Public Road 6:45
Location: Cherry Street, Tax Parcel # 100.-2-21
Applicant: Nels Bohn for the Ithaca Urban Renewal Agency (IURA)
Actions: Consideration of Preliminary & Final Approval

Project Description: The IURA is proposing to extend Cherry Street by 400 feet. The road will be built to City standards with a 65-foot ROW, 5-foot sidewalks and tree lawn, and will be turned over to the City upon completion. The road extension is part of a larger development project that is a Type I Action under the City of Ithaca Environmental Quality Review Ordinance (“CEQRO”) §176-4 B(1) (c) and (j) and B(4) the State Environmental Quality Review Act (“SEQRA”) §617-4 (b) (11), for which the Planning Board made a Negative Declaration of Environmental Significance on September 25, 2018.

B. Project: Construction of a 14-24,000 SF Production Facility (Emmy’s Organics) 7:00
Location: Cherry Street, Tax Parcel # 100.-2-21
Applicant: Ian Gaffney for Emmy’s Organics
Actions: Consideration of Preliminary &Final Approval

Project Description: Emmy’s Organics is proposing to construct a production facility of up to 24,000 SF, with a loading dock, parking for 22 cars, landscaping, lighting, and signage. The project will be in two phases: Phase one, which will include a 14,000 SF building and all site improvements; and Phase two, (expected in the next 5 years) which will include an addition of between 14,000 and 20,000 SF. As the project site is undeveloped, site development will include the removal of 2 acres of vegetation including 55 trees of various sizes. The facility is part of a larger project that includes subdivision of land a 40-foot road extension by the Ithaca IURA extension that is a Type I Action under the City of Ithaca Environmental Quality Review Ordinance (“CEQRO”) §176-4 B(1) (c) and (j) and B(4) the State Environmental Quality Review Act (“SEQRA”) §617-4 (b) (11), for which the Planning Board made a Negative Declaration of Environmental Significance on September 25, 2018.

C. Project: North Campus Residential Expansion (NCRE) 7:20 Location: Cornell University Campus
Applicant: Trowbridge Wolf Michaels for Cornell University
Actions: Public Hearing (continued)

Project Description: The applicant proposes to construct two residential complexes (one for sophomores and the other for freshmen) on two sites on North Campus. The sophomore site will have four residential buildings with 800 new beds and associated program space totaling 299,900 SF and a 59,700 SF, 1,200-seat, dining facility. The sophomore site is mainly in the City of Ithaca with a small portion in the Village of Cayuga Heights; however, all buildings are in the City. The freshman site will have three new residential buildings (each spanning the City and Town line) with a total of 401,200 SF and 1,200 new beds and associated program space – 223,400 of which is in the City, and 177,800 of which is in the Town. The buildings will be between two and six stories using a modern aesthetic. The project is in three zoning districts: the U-I zoning district in the City in which the proposed five stories and 55 feet are allowed; the Low Density Residential District (LDR) in the Town which allows for the proposed two-story residence halls (with a special permit); and the Multiple Housing District within Cayuga Heights in which no buildings are proposed. This has been determined to be a Type I Action under the City of Ithaca Environmental Quality Review Ordinance (“CEQRO”) §176-4 B.(1)(b), (h) 4, (i) and (n) and the State Environmental Quality Review Act (“SEQRA”) § 617.4 (b)(5)(iii). All NCRE materials are available for download at: http://www.cityofithaca.org/DocumentCenter/Index/811

D. Project: Falls Park Apartments (74 Units) 7:50 (Notes above)
Location: 121-125 Lake Street
Applicant: IFR Development LLC
Actions: Project Overview Presentation, Declaration of Lead Agency
Project Description: The applicant proposes to build a 133,000 GSF, four-story apartment building and associated site improvements on the former Gun Hill Factory site. The 74-unit, age-restricted apartment building will be a mix of one- and two-bedroom units and will include 7,440 SF of amenity space and 85 parking spaces (20 surface spaces and 65 covered spaces under the building). Site improvements include an eight-foot wide public walkway located within the dedicated open space on adjacent City Property (as required per agreements established between the City and the property owner in 2007) and is to be constructed by the project sponsor. The project site is currently in the New York State Brownfield Cleanup Program (BCP). Before site development can occur, the applicant is required to remediate the site based on soil cleanup objectives for restricted residential use. A remedial investigation (RI) was recently completed at the site and was submitted to NYSDEC in August 2018. The project is in the R-3a Zoning District and requires multiple variances. This is a Type I Action under the City of Ithaca Environmental Quality Review Ordinance (“CEQRO”) §176-4 B(1) (h)[2], (k) and (n) and the State Environmental Quality Review Act (“SEQRA”) §617-4 (b) (11).

E. Sketch Plan – Mixed-Use Proposal – Carpenter Business Park 8:10

6 Zoning Appeals 8:30
# 3108, Area Variance, 327 W Seneca Street
# 3109, Area Variance, 210 Park Place (construction of a carport)
# 3110, Area Variance, 121 W Buffalo Street (installing a deck and wheelchair lift)
# 3111, Use Variance, 2 Fountain Place (the proposed B&B in the old Ithaca College President’s Mansion)
# 3112, use Variance, 2 Willets Place

7 Old/New Business 8:40
Special Meeting October 30, 2018: City Sexual Harassment Policy, Special Permits (Some of the BZA’s Special Permits Review duties are set to be transferred to the Planning Board).

8 Reports 9:00
A. Planning Board Chair
B. BPW Liaison
C. Director of Planning & Development

9 Adjournment 9:25


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Categories : affordable housing, collegetown, construction, construction (planned), Cornell, cornell history, environmental issues, ithaca, news, senior housing, student housing

News Tidbits 9/2/18

2 09 2018

1. For lovers of old houses and those trying to restore them, the 1880 Queen Anne-style house at 310 West State Street, dubbed “The Tibbetts-Rumsey House”, is offering a tour of the renovations later this month. The tour, which starts at the front entrance at 11 AM on September 22nd, is free, but registration is required; if you’re so inclined, and since late September in Ithaca is generally a pretty nice time of the year for weekend outings, you can register here. The plan is to restore the house into a nine-bedroom co-op style living space, with a new six-bedroom co-op unit in the rear of the property.

The 3,800 SF residence was designed by local architect Alvah B. Wood and built by contractor John Snaith (of Snaith House) in 1880. Wood, a Cornell classmate of the more famous architect William Henry Miller, designed a number of prominent local structures, including the old Ithaca town hall at 126 East Seneca Street (built 1881, demo’d 2003, now the site of Tompkins Financial brand new HQ), the Immaculate Conception Church (1896) and the railroad/bus depot at 701 West State Street (1898). Union Army Captain J. Warren Tibbetts and his family were the first residents of the home. It was sold to the Rumsey family in 1885, and they owned it until 1966.

2. The medical office building near the intersection of Warren and Uptown Roads looks like it’s one step closer to happening. An LLC associated with Marchuska Brothers Construction, an Endicott-based firm that has been making inroads into the Ithaca market, bought the 2.71 acre lot and the plans from Arleo Real Estate LLC for $470,000 on the 27th. A sketch plan was presented to the village of Lansing in February 2017 for the one-story medical office building, but no formal review was carried out after the site and plans went up for sale for $500,000. Marchuska is free to change the design as they see fit, so don’t treat the renders as final. The firm recently completed the renovation of a former manufacturing facility on Craft Road into medical office space primarily leased by Cayuga Medical Center, and are the general contractors for the Tompkins Center for History and Culture project.

3. The tiny houses project at 16 Hillcrest Road in the town of Lansing is over for the time being. The town Zoning Board of appeals shot down the variance required for the lot, which is zoned industrial/research due to what is essentially a boundary line quirk. The reason cited isn’t that they don’t like the project, but rather that they don’t think it meets the intent of ZBA variances. The neighbors were opposed to the 421 SF homes, but were okay with a duplex, which could arguably be worse for them because one could build a pair of 2,000 SF, three-bedroom units that could generate more traffic and have a greater environmental impact. Even moreso, if one fully utilized the 1.26 acre lot for an office or industrial structure, that would have much greater environmental impact than either residential option because the lot could be fully utilized within standard setbacks, meaning a larger structure and parking lot, greater stormwater runoff, commuter/work-related traffic, industrial noise and related activities. An argument can also be made that these small homes would have been provided a new affordable option in an area plagued with affordability issues.

The Lansing Star seems cognizant of those arguments, and in the write-up sounded disapproving of the vote. “The denial of the variance does not mean the project has been killed. But in a sense the project is before it’s time, or zoning ordinances are behind the times. With small individual houses growing in popularity, building small scale neighborhoods defies zoning laws that were designed for conventionally sized homes.”

It’ll be a while before any zoning change is approved, and any challenge to the ZBA ruling is unlikely to go anywhere, so this proposal has been deleted from the Ithaca project map until a revival seems plausible.

4. Exxon Mobil is set to auction off a trio of parcels in the hamlet of Jacksonville. Tying into the story of the old Methodist church I wrote for the Voice last March, a major gas spill fifty years ago contaminated the groundwater and made the properties practically unlivable; after years of attempting to bring Exxon Mobil to task, the multinational energy firm purchased the properties, tore down most of the buildings except the church (after the town’s pleading), and basically sat on the lots with minimal upkeep. A municipal water line was later laid through the hamlet to provide clean water, and the gas has disintegrated and diffused with decades of time to safe levels, per the state DEC’s analysis. The town of Ulysses picked up three of the six lots, selling two to architect Cameron Neuhoff to restore the church into a residence and community space, and holding onto the third for the time being as it figures out what to do with it. The other three still owned by Exxon Mobil are the ones going up for auction. There is no reserve and the auction is set for 5 PM on October 17th. More information is available from Philip Heiliger of Williams & Williams Real Estate Auctions here.

5. Cayuga Heights is continuing with its review of the renovation and conversion of 306 Highland Road from a fraternity into a 15-unit apartment building. The plans have been slightly modified so that with the addition, the building grows from 3,400 SF to 4,542 SF (previously it was 4,584 SF).  GA Architects PLLC of Dryden is the architect of record; their online presence appears to be bare bones, and may have previously gone by the name Guisado Architects – it looks like principal Jose Gusiado has done a few homes in the Dryden and Lansing areas. Former Cornell professor and startup CEO John Guo is the developer.

6. Here’s a rough timeline for the Green Street Garage preferred developer decision – the Ithaca Urban Renewal Agency’s Economic Development Committee is expected to rank the projects in order of preference by September 14th, discuss it at the September public hearing, hold an Executive Session with Common Council in October, and formally designate a preferred developer by October 25th. From 11/1/2018 to 2/1/2019 there will be an Exclusive Negotiation Agreement (ENA) between the preferred developer and the city, which is a designated time to negotiate details regarding sales and development of the site. This serves as the basis for a Disposition and Development Agreement (DDA), which would be reviewed and approved by the IURA EDC by the end of February. From there, the Planning and Economic Development Committee of the Common Council will hold their public hearing and vote in March, and the full Common Council at their April 3, 2019 meeting.

It’s a long and complex process, but the goal is to have the major details sorted out by that preferred developer designation on October 25th – given the garage’s degraded state and limited life span remaining (two, three years at most) and the time needed to stabilize the structure and determine continent measures for any rebuild, having either side pull at late in the negotiation would be very problematic (suing the city during any stage in this process is never a good idea). Hopefully everything works out between the city and its choice of developer.

6. Not a whole lot of new and interesting coming public at the moment. A new “Dutch Harvest Farms” wedding barn at 1487 Ridge Road in the town of Lansing looks interesting. Tapping into the trend of using barns for wedding receptions, the 50.44 acre property would host a 7,304 SF pole barn, pond and associated parking and landscaping improvements. The facility would be capable of hosting up to 160 people on-site. The plans are being drawn up by local architecture firm SPEC Consulting, and the intent would be to build out the $750,000 project in the spring and summer of 2019.

7. Bad news for the Ithaca Gun site; a remedial investigation by the state DEC indicated that there is still enough lead present on the property that it poses a significant threat to public health. This doesn’t necessarily derail plans for the redevelopment by Travis Hyde Properties, but the DEC will need to conduct a review, make recommendations for cleaning, and sign off on any cleanup effort THP proposes.

8. A follow-up on the Ongweoweh Corporation news note from a couple weeks back – although they didn’t respond to my inquiry, they did respond to the Journal. And the move to the larger digs in Dryden comes with 25 to 50 new jobs in Dryden over the next few years, so while it may not have been my article, I’ll gladly share positive news.


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News Tidbits 7/14/2018

14 07 2018

1. We’ll start of in Dryden with some revisions to the Trinitas project. This project has slowly but steadily been winnowed down in size. The original proposal in late May was 224 units and 663 beds. The June revisions dropped that figure to 22 units and 649 beds. Now with the latest set of revisions, the unit and bed count has fallen to 220 units and 610 beds. In other words, capacity has dropped by about 8% so far. A copy of the presentation Trinitas gave to the town board last month can be found in their minutes on the town website here.

From a site plan perspective, you can see a number of substantial changes – some townhouse buildings were lengthened in the southern corner, other strings shortened or broken up, the clubhouse/community building is now a mixed-use structure, and a couple of townhouse strings were deleted outright. About the only portion that was unchanged was the trio of structures closest to Dryden Road.

The early working name for this project was “Fall Creek Village”, which while referencing Fall Creek just to its north, may not have been a wise choice given the neighborhood of Fall Creek in Ithaca, which has been the epicenter for Ithaca’s gentrification. It was suggested they change the name, ideally to something with “Varna” in it. There’s about a hundred other pros, cons and general thoughts shared during the meeting, which can be read here. The project team would like to have approvals by the end of the fall, for a Spring 2019 – August 2020 construction period. As all the paperwork is filed, reviewed and discussed, expect more revisions to the project before any final approval is considered and granted.

2. Tompkins Financial may have relocated all its operations to its new headquarters, but that doesn’t mean its the end of the road for its old properties. 1051 Craft Road, formerly home to the Tompkins Insurance Agency, was sold to Ithaca Dermatology Associates of Ithaca on June 5th for $1.2 million. The 7,541 SF building was built in 1995 and assessed at $990,000, so Tompkins Trust did okay with the sale price – they purchased the building for $965,000 in 2007.

The new chapter is, as you might’ve already guessed, medical office and service space. With the assistance of a $1.5 million construction loan from Tompkins Trust, the Ithaca Dermatology is renovating the building for its new clinic. The hard cost of the renovations (materials/labor) is $1.025 million, and the spruced up facilities are expected to be open by January. Local architecture firm Chiang O’Brien, who have a specialty in medical facilities (they did Cornell Health’s new building and Planned Parenthood’s new regional HQ) is designing the renovated space, and Hammond Heating and Plumbing is the contractor.

3. If you’re looking for something interesting in local planning board agenda, there isn’t much to see at the moment. The town of Ithaca’s PB will be looking at a vacant lot subdivision between 721 and 817 Elmira Road (no future plans stated), and a lot subdivision on Enfield Falls Road to create three home lots and a large wooded parcel to be conveyed to the state as a conserved natural area. Over in Lansing, they’ll be looking at a plan for five micro-sized rental cottages at 16 Hillcrest Road.

4. The near-waterfront office building at 798 Cascadilla Street has been sold. 798 Cascadilla LLC made a deal with the too-similarly named Cascadilla 798 LLC for $2.55 million on Thursday the 12th.  As reported when then building went on sale, the 18,271 SF office building is home to Palisade Corporation, a software firm specializing in decision making/risk analysis tools. 798 Cascadilla LLC is the managing company for Palisade co-founder Sam McLafferty, who recently passed away. Cascadilla 798 LLC is a bit of a question mark – they were created in May and registered to this address, so maybe someone else associated with Palisade is buying it. The asking price for 798 Cascadilla was $2.7 million, and the tax assessment is for $2 million. Pyramid Brokerage’s David Huckle conducted the sale.

5. Maybe something the infill folks in the city want to watch – 622 West Clinton Street just sold to Jerame Hawkins, who two years ago wanted to do an affordable duplex (60% Area Median Income) to replace the old barn (yes, barn) at the rear of the property, as well as keep the existing house locked in as affordable housing. Carina would have supplied the modular units for the three-bedroom townhomes, and Finger Lakes ReUse would have salvaged the barn. Hawkins had applied for $135k in IURA federal grant funds, but the proposal was not funded. However, his purchase of the property now makes a potential affordable infill project somewhat more likely, though we’ll have to wait and see.

6. Color me intrigued – does Pat Kraft have a tenant lined up for the ground level of his Dryden South building at 205 Dryden Road? I have yet to see paperwork, but we’ll see.

7. It appears the Stavropoulos family, local landlords who have undertaken several smaller-scale projects in recent years, are about to add to their holdings. It would appear they are buying out Jagat Sharma’s properties as the well-known Collegetown architect heads into retirement (since he’s almost 80, I can’t blame him). The Stavropoulos purchased a four-unit house at 208-210 Prospect Street from Sharma this week (for $480k, well above the $350k assessed), and an LLC notice was posted recently for 312 East Seneca LLC, which is registered to the Stavropouloses’ home address. 312 East Seneca is also the office of Sharma Architecture (and the cat cafe), and was eyed as a potential Visum acquisition for its Seneca Flats mixed-use plan at 201 North Aurora Street (Visum has conceptual plans for versions with and without Sharma’s lot, so this sale doesn’t kill their plans, though not having the property shrinks it somewhat).

Slowly but steadily, the Stavropoulos are buying and building their way to significantly-sized landlords. Current projects include the 11-unit building finishing up at 107 North Albany Street, and the infill duplex planned for 209 Hudson Street. Last year, they developed four units at 1001 North Aurora Street, and they have a dozen other properties throughout the city under the business name “Renting Ithaca“.

8. We’ll leave this off with some thoughts from the Tompkins County Housing Committee, with four initiatives it will be pursuing to help address the lack of affordable housing in Ithaca and its surrounding environs:

I. Solicit the state attorney general for ways it might be able to legally expand or enhance its Community Housing Development Fund with Cornell and the city of Ithaca. The CHDF is the only way the county can fund housing development since it can’t legally fund housing development directly, but CHDF is relatively limited in its scale and abilities.

II. Develop a proposal for a municipal matching fund to help with grant writing for affordable housing, zoning improvement and infrastructure to serve affordable housing.

III. Planning staff will conduct an infill site analysis in development focus areas (Downtown, State Street Corridor). This would potentially find opportunities in surplus or underused county property that may be developed as affordable housing through an RFP process.

IV. Planning Staff will participate in the Policy Lab Study (“Jennifer and George’s Study”) to provide data and help inform the client committee. I honestly have no idea what this refers to.

 

 

 


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News Tidbits 4/28/2018

28 04 2018


1. Let’s start with a quick summary of the Planning Board meeting. Generally, it was no big deal. As the Times’ Matt Butler and the Journal’s Matt Steecker relay, the revised City Centre plans were generally acceptable, though in light of the recent Toronto vehicular mass causality event, some concern was expressed about having outdoor spaces without protective bollards in place. Gee, and we all thought runaway trucks were bad enough. It seems the board was also not happy about the “Dark Ash” color on the Hilton, whose revised color palette I called “the embodiment of an Ithaca winter” in last week’s post. Everything else pretty much moved forward to next steps in the approval process with only minor commentary.

I have it on good word next month’s meeting will be more interesting, but let’s see if I eat those words in a few weeks.

2. A pair of news notes courtesy of the Ithaca-Tompkins Regional Airport. For one, the airport is being pressured by airlines to lengthen the Jetways to accommodate larger planes (sorry to thefolks to the email blast, I initially wrote runways). That’s actually a good problem to have in that most airport opt to expand in an effort to lure traffic, they don’t usually have airlines asking them to please expand so they can bring more passengers in and out. Longer Jetways, or jet bridges (apparently Jetway is trademarked the way Kleenex is) allow larger aircraft to be serviced at the terminal.

The other bit is kinda related – Ithaca is a destination for national and international travel, thanks to the colleges (researchers, students and their families) and tourism. The county is also one of the very few east of the Mississippi whose largest minority group identifies as Asian descent, and over 9,000 students at the local higher ed institutions identify as Asian. The county is hoping to grow its share of Asian and especially Chinese international visitors, since they spend an average of $15,000 when visiting the United States, and local businesses would like to encourage their local patronage.  A welcoming event is planned for May 9th, as well as cultural welcoming training and events.

The initiative is being paid for with a $30,000 grant from the local tourism board, as well as money from other organizations like the airport. The airport benefits not just from the travel inbound and outbound, but airlines base their needs on the entire travel route – the more international an airport’s clientele, the more lucrative it is per seat for an airline. That’s a big reason why airlines tend to favor Ithaca-Tompkins for retention and expansion over Elmira-Corning and Binghamton’s more domestic clientele.

3. Let’s take a look at what went on the market this week. For the potential homebuilder, the 9.75-acre “Brian Lane” subdivision in the Eastern Heights neighborhood in the town of Ithaca. To quote the listing from Howard Hanna RE (courtesy post from First Tioga Realty’s Roger Katchuk):

“Prime Development opportunity in one of the great sub divisions in the Ithaca market, Eastern Heights. Area of nice homes. Minutes to Cornell & Ithaca Colleges. Minutes to down town Ithaca. Preliminary approval and document work done by developer with the Town of Ithaca.”

The back story behind this is that it was the larger half of a single-family housing development that never got off the drawing board. The Frandsens, who developed much of Eastern Heights, have owned the land since the 1960s, and developed it out in phases, with John Street being the last major addition. The unapproved plan back in 2007, and then the approved version in August 2012, was to develop this parcel out into sixteen lots, a stormwater lot and a street (called “Brian Lane”, which is a “paper road”. Although originally approved in July 1986 with John Street, a good chunk of Eastern Heights was never built out as intended, but the proposed roads are still shown on maps). The other half was “Edwin Lane”, a six-lot subdivision which also never got off the ground. A neighbor actually did what pro-development folks say neighbors should do if they don’t like a project – make an offer to buy the land. They did, it was accepted, and the land was reconfigured and sold to the town for use as a future park, hence the thin red lot reconfiguration lines in the tax assessor’s map above. There were concerns about the steepness of Brian Lane and the length of the cul-de-sac, though nothing that was insurmountable.

For context, while there has not been any recent attempt to develop the land to the east, the land to the south of the property has been for sale for a few years, and marketed for development potential – in fact, the 26-unit concept sketch shows single-family home lots on Brian Lane. In theory, a very proactive developer could buy both.

However, while the 9.2 acre Slaterville parcel comes with a house (1564 Slaterville Road) and is going for $949,000, the listing price here is only $295,000. For reference, the 2018 Assessment value is $121,100.

By the way, random fact of the week – although she now lives in Penn Yan, NY-23 congressional candidate Tracy Mitrano served for ten years in the late 1990s and early 2000s on the town of Ithaca Planning Board.

4. Now for the other notable new listing of the week. 501-507 South Meadow Street in the city of Ithaca is back on the market. This would be the second time it shows up on the blog. The first was when CFCU bought the 0.63 acre parcel for $1,555,550 back in March 2015. At the time, CFCU planned to eventually redevelop it for its own needs, likely a new headquarters. However, that plan was cancelled when they decided to renovate and move into Bank Tower on the Commons instead. Being excess property they no longer have use for, they’re putting it on the market for $2.49 million, a hefty markup from what they paid. The tax assessment is not so lofty – only $1.2 million.

The one-story, 9,203 SF of strip-style commercial space has housed offices and restaurants, and is in the city’s flexible SW-2 zoning. Mixed-uses allowed, with pp to 5 floors/60 feet, 60% lot coverage, and the only required setbacks are rear yard (10-20 feet depending on parcel). It definitely has potential for something interesting. We’ll see what happens.

5. Let’s take a look on the flip side of the sales coin- actual sales. Visum Development Group’s Todd Fox sold the first building he ever built this week, a duplex on South Hill. Click the link to Visum’s Facebook account for one of those “bootstraps” kinda stories about how he had little money and little idea if it would pan out.

Fox definitely got his money’s worth. 644 Hudson Street and 211 Columbia Street to rental investor Suzanne Roberts for $835,000 – substantially more than the combined assessment of $700,000, but the sale takes into account rental income potential, especially 644 Hudson, which is a stone’s throw from Ithaca College. Being newer buildings (2010 and 2012) also helps, since there’s no long-term deferred maintenance to speak of.

Flash forward to the present, and Fox’s company Visum, by one measure the fastest growing business by revenue in upstate NY, has construction valued in the tens of millions underway, with much grander plans. No doubt the money from this sale would help pay the upfront costs to carry some of the incubating projects through the design, engineering and legal/project review phases.

6. Here’s a quick rundown of planning board items from around the county. The town of Ithaca’s PB will be reviewing a plan to create three new home lots on Orchard Hill Road on West Hill, and a “reaffirmation of SEQR determination” for the Sleep Inn just getting underway at 635 Elmira Road. The reaffirmation is because the zoning variance expires in a couple of months, and that was a close vote they’d rather not repeat. Nothing has changed with the project itself.

Over in Dryden, a few minor projects will be up for review. The United Auto Workers wants to purchase 1495 Dryden Road and do a pair of small office space additions totaling 816 SF that would require board approval. A concept plan will be shown for a “development idea” for 44 acres next to 1502 Ellis Hollow Road that would create an ~10 building, 5-7 dwelling “small-scale intentional community within an ecological paradise“. Some market-rate some affordable at 80% area median income, passive solar timber frame/straw bale homes, micro-enterprise (farm stand) options with minimal land disturbance. The question to be discussed at the meeting is whether for-sale lots under conservation zoning or leased space works better. A contractor yard wishes to expand with a new pole barn and parking at 1756 Hanshaw Road (to be reviewed in May) and Camp Earth Connection at 63 and 129 Hammond Hill Road would like to build a 600 SF cabin for bunking, and potentially 6-8 more small cabins and a small lodge over the next several years. Camp Earth Connection is a hybrid of a campground, a retreat center and passive recreation facility.

Ulysses and Danby have some minor lot subdivisions, and Ulysses also has review of zoning language for an outdoor boating sales and storage operation.

 

 


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