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.

 





South Meadow Square Construction Update, 8/2018

6 08 2018

It looks like the new south retail endcap is using a standard EIFS (Exterior Insulation Finishing System) for the exteriors. EIFS, also known as synthetic stucco or by the brand name Dryvit, is a pretty common choice for commercial builds. Readers might remember when it was used with the Holiday Inn Express built a couple of years ago on Elmira Road. Over the plywood there’s a dark grey moisture barrier. This is being overlaid with an adhesive and insulation board, which will then get a reinforcing mesh, base/scratch coat, and a finish coat. Drainage cavities are then built over the barrier to allow water that has penetrated the surface to exit the wall without wrecking it (a big problem with early EIFS systems).  The north endcap looks like it already has insulation boards in place, as well as a base coat for the primary moisture barrier, and a white coat that might be a primer for the finish coat. New curbing, lighting and a fire hydrant have been installed.

Although the south endcap is 14,744 SF, the listing on commercial real estate website Loopnet says there are two spaces, one about 15,000 SF, and a second 3,400 SF. The property doesn’t show a 3,500 SF space, and the north endcap is 7,315 SF, so it’s not clear what that refers to. It could be the 3,200 SF space that is planned for a the pad parcel next to Firehouse Subs, but that hasn’t started yet. If that is the case, however, that implies Benderson Development may have a tenant under contract for the north endcap that they just haven’t yet announced.

 

 





South Meadow Square Construction Update, 6/2018

18 06 2018

The new endcap spaces on the former KMart (now Hobby Lobby) Plaza at 742-744 South Meadow Street. The first set of photos are the northern endcap with 7,315 SF of retail space, next to PetSmart. The southern endcap is a 14,744 SF space being built where K-Mart’s garden center used to be, which I think explains the huge chunks of concrete slab piled out in front.

With no tenants formally announced, these spaces will not be completely finished on the inside – all utilities will be in as well as structural supports and insulation, but the space will be fitted out to the needs of the tenants, so things like flooring, fixtures and interior finishes will wait until someone has signed a lease with Benderson Development. I did not see anything on file for a fit-out in the city of Ithaca’s building permits paperwork (however, I did see last week that Elmira Savings Bank landed an unnamed tenant for its second floor office space at 602 West State Street).

Oftentimes you’ll see retail real estate managers try to find tenants that complement each other, say a salon and a cafe, or a sporting goods store with a women’s clothing store (the somewhat sexist argument there is that the ladies go to one while their male partners go to the other). Increasingly, entertainment and recreation options are becoming tenants – take for instance the announcement that a live theatre company will be taking 12,000 SF of space in the Shops at Ithaca Mall. That can help existing tenants by drawing in unique customer traffic that may choose to browse, shop and dine at other mall venues.

Back to the site at hand, the decorative facade appears to be initially shaped with plywood over steel stud walls, with a layer of fireproof gypsum laid over the top of that (except toe cornices, which appear to have no plywood layer, only gypsum). The bases are concrete masonry walls. The textured stone veneers and fiber cement panels will come later.





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.

 

 





News Tidbits 4/21/2018

21 04 2018

1. Just a few things since there isn’t much on the table at the moment…a look at next week’s planing board agenda.

I. Agenda Review 6:00

II. Privilege of the Floor 6:05

III. A. City Centre, 301 East State Street – Consideration of Project Changes and Conditions 6:20

The blog has touched on this previously, and it can also be seen by hawk-eyed passerby or webcam visitors. While the general massing and materials are staying the same, there are some pretty substantial changes to interior and exterior details, including significant revisions to site layout, landscaping and fenestration. New materials are also being deployed, though these are designed to look similar to the initially-approved materials.

B. Hilton Canopy Hotel, 115 Seneca Way – Consideration of Materials Color Change 6:40

Another project seeking revisions, though these can’t be ascribed to “value engineering”. According to project representative Scott Whitham of Whitham Planning and Design, the manufacturer of the metal panels switched from Cem5 with Swiss Pearl paints to Nichiha Panels using PPG Paints, which will create some subtle color differences.

The second change is that Hilton decided they didn’t like the yellowish fiber cement panels (“Applesauce Cake”) as an accent color, so they’ve been replaced with a dark grey-brown color, “Dark Ash”. I think it’s a little more foreboding to have a group of colors that look like the embodiment of an Ithaca winter, but hey, I’m just an armchair critic. Not mentioned, but it looks like based on the elevations that some trim pieces were deleted as well, as well as a glass entry on the north elevation.

C. Retail Expansion, 744 South Meadow Street – Declaration of Lead Agency, Public Hearing 7:00

Doubt there will be too many speakers during this public hearing. Benderson’s 3,200 SF is moving along. Corrugated aluminum and a “Brazilian rain screen” on the front, Brick pier for an accent, and the usual CMU and EIFS (aka masonry and synthetic stucco) on the back half. No named tenant. From experience, Benderson doesn’t say if they have tenants. They will not respond, period, if I ask no one is lined up, but if someone is, I usually get a call back. I prefer rival DLC Management Corporation’s method of monthly press releases, to be honest.

D. Duplex, 207-209 First Street, Declaration of Lead Agency 7:20

No modifications for this small infill project on the North Side by local businessman David Barken. Should be a fairly cut-and-dry affair. More on the project here.

E. GreenStar Co-operative Market, 750/770 Cascadilla Street, Declaration and Reviews of Parts 2 and 3 of the Full Environmental Assessment Form, 7:40

Not many changes with this plan. They’ve spoken with city engineers about their traffic study, and the city would like a few more bicycle and pedestrian features, as well as a few parking spaces designated for a car-share service like Ithaca CarShare. They also want a firm plan for traffic management while construction is underway, since it’s right next to Route 13. Other than that, looks like smooth sailing.

On an additional note, GreenStar has initiated the Tompkins County IDA tax abatement request process. This was stated in the plans early on, so it’s an expected action. The City of Ithaca announced in an email that a public information session that will be held Monday, April 30 at 5:30 p.m. However, they didn’t provide any supplemental information or links in the email, and nothing appears to be in the city’s document database. Nothing on the IDA’s website yet, either.

F. The Lux, 232-236 Dryden Road, Request to omit rooftop mechanical screen.

STREAM Collaborative, the architects of the project, are requesting on behalf of the developer, Visum Development Group, to delete sections of the fiber cement screen up top. This is often met with a stern “no”, but in this case they’re trying to show through sight-line diagrams that the effect will be minimal, though I suppose from farther vantage points that can see the roof, it would still be less attractive. The board’s objective is to figure out what suffices. Not sure whether this deletion is financially motivated, or if there safety/equipment concerns with the screen.

Not to be cynical, because it’s not my money and many people work hard to make these projects happen, but it does look like there are up to three projects previously approved that are coming back before the board this month wholly or in part for value engineering, which is not a great message to send. A member of the board isn’t likely to shoot anything down regardless of its negative aesthetic or neighborhood impacts because no one wants a half-finished building. But this may lead to much longer stipulations for approval, and a more stringent Planning Board that lengthens the initial approval process.

IV. Old/New Business 8:00

A. Chainworks District FGEIS – Special Meeting in May
B. Planning Board comments on the proposal to allow the Planning Board to grant Special Permits

2. For all the Varna/Dryden readers – a developer is proposing a multi-family project in Varna, and would like to host an open house and community meeting at the Varna Community Association building Monday May 14th. Chances are, it they’re going to this much effort, it’s a sizable project. Give them (whoever it is) some benefit of the doubt. They’re not surprising people with a planning board submission, they want input first.





News Tidbits 4/7/18: A Day Late and A Dollar Short

7 04 2018

1. It appears the Sleep Inn hotel is moving forward. Building permits for the 37,000 SF, 70 room hotel at 635 Elmira Road were issued by the town of Ithaca on March 23rd. According to the town’s documentation, the project cost is $4.1 million, though it’s not 100% clear if that’s hard costs (materials/labor) and soft costs (legal/engineering/design work), or just hard costs alone.

The Sleep Inn project was first introduced in Spring 2016, and underwent substantial aesthetic revisions to a more detail, rustic appearance. Even then, the project was barely approved by the Planning Board, which had concerns about its height, relatively small lot size and proximity to the Buttermilk Falls Natural Area. The hotel’s developer, Pratik Ahir of Ahir Hotels, co-owns the Rodeway Inn further down Elmira Road. Both the Rodeway and Sleep Inn are Choice Hotels brands, so although the Sleep Inn brand is new to the area (and uncommon in upstate New York), it’s not as unusual as it seems. Given the size, a 12-month buildout seems reasonable. Look for updates as the project gets underway.

2. In a similar vein, the gut renovation and expansion at 1020 Craft Road now has a building loan on file – $1.88 million as of April 3rd, courtesy of Elmira Savings Bank. The existing 10,500 SF industrial building has been gutted down to the support beams, and will be fully rebuilt with an additional 4,400 SF of space. The project is being developed and built by Marchuska Brothers Construction of Binghamton. According to the village of Lansing and the developer, the project will be occupied by multiple medical tenants.

3. The problem with tight publishing deadlines is that if a quote doesn’t arrive in time, you can either put it in afterward as an updated statement, or it gets left out. So on the heels of the report that Visum Development Group is upstate New York’s fastest growing company in terms of revenue (Inc.com’s guidelines were three-year period 2014-16 and at least $100,000 in revenue to start), I wanted to share this for those who might have missed the article update. The statement comes courtesy of Todd Fox, who was asked for comment and responded the following day.

“I would love to acknowledge the Visum team because without them I would never be able to accomplish what I am doing. I’m blessed to have the most passionate and talented people I have ever met. Chris Petrillose is my longest running team member and is the backbone of operations. I also want to acknowledge Patrick Braga, Matt Tallarico, Marissa Vivenzio, and Piotr Nowakowski. They are all rock stars and deserve so much of the credit for our success!

We are currently looking to expand into several new markets, which are as far south as Sarasota Florida and as far west as Boise Idaho. For the Ithaca market, we are essentially hitting the breaks on student housing for Cornell, as we beginning to experience some softening in the market. Our new focus is on for-sale condos and moderate-affordable rentals. We actually have multiple properties under contract and plan to bring about 1,000 to 2,000 new beds online over the next several years.”
Note the last parts. The market for student housing if softening. Visum will focus on for-sale condos and moderate-affordable rentals, things Ithaca could use more of, and 1,000 to 2,000 beds would certainly make a dent in the housing deficit. Of course, proof is in the pudding, so we’ll see what happens over the next several years.

4. The town of Ithaca was less than pleased about Maplewood’s request to extend indoor working hours until 10:30 PM. Labor, weather and building supply (wood frame) issues were cited as reasons for the needed extension. The Ithaca Times’ Matt Butler, who was at the meeting, provided this quote:

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Yikes. The “happy medium” the board finally gave in to was construction until 9 PM on buildings interior to the project site, away from the main roads. The tradeoff is that EdR and Cornell now expect to not have some of the later structures ready until August 20th, practically move-in day for all of Cornell’s on-campus undergrads.

5. Readers of the Voice and Times will know that the county is pursuing some of the $3.3 billion in federal dollars earmarked but not yet disbursed for opioid crisis treatment. While a temporary addiction facility is being prepared, there are plans in the works to open a detox and stabilization facility in Tompkins County. Unfortunately, it needs much more funding to move forward. The new facility will cost $11 million to build and make operational, and so far about $1 million has been received so far in grants.

For the purpose of this blog, I asked about the design beside Angela Sullivan and Senator Schumer – it is a conceptual design for demonstrative purposes, and a location for a new facility has not yet been fully determined. However, they intend to send a press release once a site has been selected.

By the way, the green logo at lower right is a giveaway on the architect – that would be Ithaca’s HOLT Architects, who are specialists in healthcare facilities.

6. New to the market this week, “Clockworks Plaza” at 402 Third Street in the city of Ithaca’s Northside neighborhood. The 12,821 SF building was one of the few sizable buildings built in Ithaca in the 1990s (1993, to be exact), and is on the market for $2.6 million. The current owner, masked by an LLC, bought the property for $1.5 million in April 2016, the same value for which it is assessed.

That came up on the blog here. The buyer was Steven Wells of suburban Boston, who purchased the property in a buying spree that also included 508 West State Street (former Felicia’s, empty at the time) and 622 Cascadilla Street. 508 West State is now rented by Franco’s Pizzeria. Zaza’s still occupies 622 Cascadilla.

As I wrote at the time of sale:

“They all have different owners, and they’re in varying physical conditions. The only thing that unites these three properties is all that are in areas the city as ripe for redevelopment for urban mixed-use in the Comprehensive Plan. Felicia’s was upzoned in June 2013 to CBD-60, permitting a 60-foot tall building, no parking required. 622 Cascadilla is WEDZ-1a, allowing for five floors and no off-street parking requirement. Lastly, 402-410 Third Street is B-4, 40′ max and 50% lot coverage, but allows virtually any kind of business outside of adult entertainment. Those are some of the city’s more accommodating zoning types, so we’ll see what happens moving forward. At the very least, the public relations game will be starting from behind the proverbial eight ball.”

The reason why the public relations game was ‘behind the eight ball’? He was the guy who sold 602 West State Street and adjacent low-income housing properties to Elmira Savings Bank. There were accusations that the transaction between Wells and the bank was poorly handled, with claims that the lease terms of existing tenants were changed improperly, and tenants not being told their homes were being sold. It’s not clear it that’s accurate, because no one would share their documents to prove their claims. But what is clear is that this created a nightmare situation.

 

7. It looks likely fewer people will be living in City Centre than first intended. The initial 192-unit mix was 61 studios, 78 one-bedrooms and 53 two-bedrooms. The newly-proposed mix is 33 studios, 120 one-bedrooms, and 39 two-bedrooms. It also appears the retail space has been reconfigured from four spaces to three, though the overall square footage appears to be about the same. There are some minor exterior changes proposed as well; paver colors, lighting, the types of metal panel used (Alucoil to Overly Dimension XP and Larson ACM panels), landscaping, and exterior vents. Assuming the PDF is accurate, the panel change is slight, but gives the building a slightly darker grey facade. Some of these changes are in response to code and safety discussions, others are likely value engineering.

8. From the city’s project memo, we see Greenstar’s new store (which is going into the Voice) and a pair of new if small projects.

The first is that it appears Benderson is expanding South Meadow Square again. Along with the pair of endcap additions underway, the Buffalo-based retail giant is looking to add a 3,200 SF addition to the west endcap of one of its smaller retail strings. The addition is on the Chipotle/CoreLife strip, next to Firehouse Subs. The dumpster enclosure currently on-site will be relocated to the Panera strip across the road to make room for the building, which will be flush to the sidewalk with…a blank wall. Seems like a bit of a missed opportunity there. The 35′ x 92′ addition has no announced tenant, though 3,200 SF is reasonable for a smaller restaurant or retail space (Chipotle is 2,400 SF, for instance, and Panera 4,100 SF; the stores in this particular retail strip, which includes a vitamin store, tanning salon and barber shop, are in the range of 1,380-4,089 SF). The total project cost is only $132,000, and no construction period is given in the Site Plan Review document.

The second is a “pocket neighborhood” in Northside. Barken Family Realty of Ithaca is planning to renovate two existing homes at 207 and 209 First Street, and add a new 2,566 SF two-family home behind the properties. They would be set up as a “pocket neighborhood”, consolidated into a single tax parcel with a common area, picnic tables and raised plant beds. The fence would be repaired and the gravel driveways improved. No demolition is planned, but five mature trees would come down to make way for the new home (6-8 new trees will be planted).

Hamel Architects of Aurora designed the new duplex, which is intended to quietly fit into the neighborhood context. Each unit will be two bedrooms. The $265,000 project would be built from October 2018 to March 2019.

9. We’ll finish this week with a potential new build. The above project was first showcased on STREAM Collaborative’s Instagram at an early stage. It is a 3.5 story, 11,526 SF building with 10 units (6 one-bedroom, 4 two-bedroom), and the two one-bedrooms on the first floor are live-work spaces – the front entrances are workspaces for home businesses. It is proposed along West Seneca Street, and only the south side of West Seneca allowed for mixed-uses like live/work spaces. Materials look to be Hardie Board fiber cement lap siding and trim. The design is influenced by other structures along West Seneca, and a bit from STREAM architect Noah Demarest’s time with Union Studio in Providence, Rhode Island, where he worked before setting up his own practice back in Ithaca – there are similarities between here and Union Studio’s Capitol Square mixed-use design in Providence.

The project actually was sent with its name and title, but fingers crossed, it will be part of a bigger article.

 

 

 





South Meadow Square Construction Update, 3/2018

23 03 2018

One doesn’t have to look far to see retail is taking in on the chin. Wikipedia has a well-sourced listicle of events in the “retail apocalypse“, as it’s been branded by the national media outlets. Several factors play into the spike in retail chain bankruptcies and closures across the country – the rise of Internet shopping (Amazon) and easy, cheap distribution, Wal-Mart and other megachains exerting economies of scale on other retailers can’t afford to sell as cheaply, younger generations buy less “stuff”, the United States simply has too much retail space.

For now, some retailers are more immune than others – those who focus on convenience and budget necessities (dollar stores), those who sell goods that are hard to ship (home improvement stores, wholesale clubs), and those who focus on experiences rather than items. However, even sectors that were once seen as safe as starting to feel the pinch – pharmacies and grocery stores, for instance.

With all that in mind, it seems a bit odd to be building new suburban “big-box” retail space, but Buffalo-based Benderson Development is doing just that at South Meadow Square at 742-744 South Meadow Street on the city’s southwest side. Benderson purchased the retail strip from the original developers (the Visnyei family) in 2009.

Development of Ithaca’s big-box corridor has always been contentious. Long ago, the area consisted of a few small auto-centric businesses and the county fairgrounds (hence Fairgrounds Memorial Parkway). During the mid and late 20th century, big box retail slowly made its way into the southwest part of the city – what’s now Finger Lake Reuse on Old Elmira Road was built as a grocery store in the 1970s, and parts of Ithaca Plaza next door date to 1950. Wegmans opened a store in the 1980s, and replaced with newer, larger store in 1997.

The 1990s was when big-box development pressure seemed to come to a head. Wal-Mart was stymied for years thanks to neighborhood opposition, and Target eventually gave up its plans and moved to Lansing. But, much to the city’s chagrin, the 1990s were difficult times economically – the tax base was in decline, state aid was in decline, and the local economy was mired in a deep recession. Somewhat begrudgingly, the Nichols (1989-1995) but especially the Cohen administration (1995-2003) began permitting large-scale retail development in the hopes of propping up the tax base and stemming the flow of dollars to suburban outlets in the suburbs, as well as Elmira and Cortland.

Many of the  city’s big boxes are result of that late 1990s/early 2000s wave. Wal-Mart (2005, expanded to a Supercenter in 2011), Home Depot (2003), the Tops Placa (2002). Some were all-new, others were extensive renovations and rebuilds. This particular retail strip at 742-744 is one of the latter – it had actually opened as a rather large 87,000 SF K-Mart in the 1970s (the 22,000 SF supermarket it shared a lobby with later became Staples), and was extensively renovated and in the mid-1980s and in more recent years. The K-Mart looked pretty dated when it closed in October 2011. Hobby Lobby filled some of the old K-Mart space in 2013, and in fall of that year, plans were drawn up for a pair of endcap expansions.

One was on the north end – 7,315 SF of retail space, next to the early 2000s 19,000 SF PetSmart. The other was a 14,744 SF south endcap that would be built were K-Mart’s garden center used to be. These plans were approved in November 2013, but then updates and revisions were proposed in 2014, when TJ Maxx and Five Below were announced to fill the remaining vacant space (21,770 SF and 8,209 SF respectively). At that time, the southern addition became 16,200 SF.

For one reason or another, Benderson decided to go back to the original plan (probably a potential tenant backed out) early last year, and asked for re-approval of the November 2013 additions – city approval is only good for two years. Unlike most parts of the city, the lack of nearby residents and general apathy towards big-box retail makes variances somewhat easier to receive; plus, a re-approval is typically a small matter – re-approval was granted in May. City zoning (SW-2, and PUDOD) is generous down here because the city keeps hoping someone will do walkable mixed-use, but the waterlogged soils make that difficult – you either build shallow, or quite deep, and quite deep requires a lot of height and square footage above ground to make up those construction costs.

Construction is going to be fairly standard – concrete slab foundation, steel frame, masonry walls, and probably some decorative entry bays and facade work. At the moment, excavation is underway for the footers of the foundation on the southern end, while the footers have already been poured and strengthened with rebar on the northern end. The Dryvit and brick veneer on the wall of Pet-Smart has been removed, and I think that’s mineral wool insulation underneath. Expect both of these to be finished towards the end of the year. I don’t have a project value offhand, but the existing plaza (128,582 SF) is $6.5 million, so 22,059 SF of new space is probably worth about $1 million or so.

As for tenants, your guess is as good as mine. We’ll see if Benderson can make it work in the age of the retail apocalypse. Benderson’s proffered choice of designers, Buffalo’s Carmina Wood Morris D.P.C., is the architect.

November 2017

January 2018

March 2018