syracuse center city investment

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The institutions on University Hill are actively investing in our community.

Syracuse , New York Center Ci ty Investment

$ 1 .4 Bi l l ion

University Hill

Hutchings is in the midst of a $34 million plan to renovate all of the buildings on itscampus and expects to open an additional 24-bed adult inpatient unit in the fall of 2012.

The SUNY College of Environmental Science and Forestry has completed the $31.4 millionCentennial Hall student residence.

ESF Gateway Building - In August, SUNY ESFs $28.3 million Gateway Building which willbe the welcome point for visitors and students on campus, will be complete.

ESF also plans to build a new $86 million research building.

CNY Biotech Accelertor - In conjunction with SUNY ESF, Upstate is nearing the completionof the new $23 million CNY Biotech Accelerator at Loguens Crossing (the former KennedySquare).

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Upstate Cancer Center - Upstate University Hospital has its $85 million cancer center under construction.

Upstate Academic Building - Upstate has a major new project on the drawing boards, a$36 million academic building, which is scheduled to begin construction this fall and becomplete in 2014. Priorities for the building include an on-campus home for the Collegeof Nursing, a 400-seat auditorium and a specialized classroom designed to accommodatenew technology and a growing student population.

Upstate will complete the expansion to its Institute of Human Performance, a $72 millionproject in November 2013.

University Hospital serves over 400,000 outpatients and discharges about 20,000inpatients per year.

Loguens Crossing - Design is underway for a new 100,000 square foot office building for Upstate - Loguens Crossing. The $20 million project is expected to be complete in April,2014. Upstates partnership with COR, one of Syracuses leading private developers isprojected to result in $340 million of new investment in the city, with new residential,commercial, as well as research and development facilities. This investment testifies towhat University Hill institutions can directly do to support the real property tax base of thecity.

Campus West - Syracuse Universitys growth is the driving force behind Campus West, a$22 million, 260-unit student apartment complex geared toward graduate students. Workwill be complete by summer of 2012.

Dineen Hall Construction has begun on Dineen Hall, the new $95 million facility for theS.U. College of Law. The building is designed to be 200,000 square feet, and it will includea 300-seat auditorium and a 36,000-square-foot library, along with lecture halls andfaculty offices. It is scheduled to be completed in 2014.

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SU Bookstore - Syracuse University is also working with the Cameron Group, which pro-poses to build an 85,000 square foot mixed-use project at University Avenue and HarrisonStreet. This $20 million investment would combine a new Syracuse University bookstore,fitness center, and retail space, creating a new commercial anchor for Marshall Street.

Connective Corridor - A $10 million TIGER grant was secured to complete the ConnectiveCorridor. Syracuse Universitys commitment to the revitalization of the city is easily visiblewith over $40 million invested in upgrading the citys infrastructure.

The Veterans Administration Medical Center is moving toward completion of its $84 millionSpinal Cord Injury Center. This will assure that combat veterans returning from our nationsconflicts are treated to the best of medical care after their service to our country.

Crouse Hospital Surgical Center - During 2011, Crouse Hospital completed the WittingSurgical Center. The $50 million investment features 14 new inpatient operating rooms andsupport areas. This state of the art facility at Crouse will provide larger operating roomsthat can accommodate the space needs of complex surgeries.

Ronald McDonald House - In the East Genesee business district, the Ronald McDonaldHouse is now constructing its $6 million new facility at Genesee Street and University

Avenue. This project will double the number of rooms available for families whose childrenare hospitalized.

Hotel Skyler - 2011 also marked the completion of the $6.7 million Hotel Skyler, duringwhich the former Temple Adath was transformed into 58 unique hotel rooms. The Skyler isone of only three hotels in the US to have won the prestigious LEED platinum certificationfrom the US Green Building Council.

The Center of Excellence in Environmental and Energy Systems was the first building on theHill to earn LEED platinum status. Last month the Center formally signed an agreement withthe state for a $3 million award from the first REDC round. This funding will be used to fitout available space for new research and development labs specifically focused on the NewYork Energy Regional Innovation Cluster, with a total project cost of $8.7 million.

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Downtown Syracuse

Downtown Residential Space - Two of the factors that are having an impact in downtown isthe emphasis on historic preservation and adaptive reuse and the movement toward urbanliving. In the last census, downtown and the lakefront were two of the fastestgrowing neighborhoods in the County. Right now, there is little or no vacancy among down-town market rate housing units.

Downtown Housing Statistics Market-rate rentals at 99% occupancy 1,346 total residential units downtown 570 more planned or under construction $1.10 to $1.25 psf in rent 40% of downtown residents associated with University Hill

Over the last five years, the Downtown Committee has secured $800,000 in grants throughthe NY Main Street Program, which leveraged more than $6 million in investmentsupporting more than 28 downtown projects.

In total, more than $180 million in capital and active public-sector support is taking placein downtown Syracuse, in projects which are either underway or will be under constructionthis year.

Pike Block - In the heart of downtown, VIP Structures, MDF Property Holdings and AdaptCNY have been advancing the Pike Block on the 300 block of South Salina Street. Theproject combines four adjacent properties. With the assistance of State and localfunding support, as well as the commitment of developer VIP Structures, the project is under construction and set to be completed in early 2013. The result will be the conversion of 130,000 square feet of vacant space into 78 market rate apartments, 25,000 square feetof ground floor retail space and a revitalized city center.

As part of the Connective Corridor Faade Improvement Grant Program, $625,000 wasawarded to more than 40 downtown businesses for improvements that will include: newawnings and canopies, outdoor bistro tables, chairs and umbrellas, lighting displays andbanners, custom benches, bike racks, window treatments, faade painting, murals,public art, planters and landscaping, decorative fences, art-grade pavers, window anddoor replacements, and other architectural enhancements

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The Landmark Theatre completed their $16 million stagehouse expansion project inNovember 2011. The renovation increased the size of the backstage area to better accommodate traveling Broadway shows and other entertainment. The renovated theatreis expected to double the number of nights the theatre is in use and generate an additional200,000 visitors a year into the heart of downtown. Since the expansion, the Landmark hasbeen able to book Manheim Steamroller, as well Jersey Boys and Wicked, which will becoming in late 2012.

The Butler Building, a $2 million project that includes twelve apartments and 7,500 squarefeet of commercial space, was completed in August 2011 by developers Balle 31, Inc. Allunits are leased.

Deys Building - On the 400 block of South Salina Street, developers Bob Doucette andRich deVito completed work at the Deys Building by converting vacant space on the upper floors into 45 residential units and have added high profile tenants to the ground floor of the building, including BTI The Travel Consultants and Caf Kubal. BTI relocated to Deysfrom outside of downtown in November 2011 and Caf Kubal opened their third locationhere in December 2011.

Hurbson Building - In Armory Square, the CRS Companies have started to renovate theformer Hurbson Building. The project represents an investment of $5 million and willprovide 14 apartments and five thousand square feet of commercial space. It is expectedthe project will be complete in spring 2013.

Merchant Commons - Washington Street Partners has proposed a $12 million mixed-useadaptive reuse project called Merchant Commons that will turn two previously vacantbuildings (the former Merchants Bank Building and Snow Building) into 66 residential unitsand 23,700 square feet of office space on the upper floors; 1,750 square feet of retailspace on the ground floor and a 65-car parking garage on the ground floor and basement.Construction is underway and the project is expected to be completed by Spring 2013.

Label Shopper Building - Across the street from the Pike Block, the former Label Shopper building has undergone a $2.5 million mixed-use renovation to turn the upper floors into12 luxury apartments and renovate the ground-floor retail space. Villa, an urban sneaker

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The Inns at Armory Square - To help capture downtown visitors, a new hotel will beconstructed in Armory Square called the Inns at Armory Square. The $29M proposed hotelwill include a 102-room Courtyard by Marriott and a 78-room Residence Inn. The hotel willemploy 100 full- and part-time employees. Construction is set to begin within the next twomonths and will take 12 to 14 months to complete.

Downtown Retail - We also know that mixed use development is vital and necessary for ahealthy urban area. This infusion of new retail and residential uses along Salina, Clintonand Fayette streets, along with the relocation of Common Center, will invigorate the center of our downtown. Announcements by retailers such as Urban Outfitters, who opened in

Armory Square in August 2010, has fueled increased retail attention in downtown Syracuse.

ProntoFresh was one of 16 new restaurants opened in the last year offering diverse foodchoices. One of downtowns strengths has long been its variety of fine dining establishments- something the Downtown Committee celebrates with our Dining Week promotion eachFebruary.

Washington Station - Other signs of market maturation in downtown include newconstruction projects. In August 2010, the Pioneer Companies completed the constructionof the $25 million, 125,000 square-foot Washington Station office complex. The complexhouses OBrien & Gere Engineers - Syracuses largest environmental and civil engineeringfirm, which has moved downtown from the suburbs bringing 330 employees. The building

is one of four buildings in downtown Syracuse to receive or be on track to receive LEEDcertification from the U.S. Green Building Council.

Downtown Syracuse continues to experience a trend of suburban businesses relocating backto the urban center. In the past few years, companies such as Eric Mower and

Associates, OBrien & Gere, Countryway Insurance and MVP Health Care have relocated todowntown Syracuse. In summer 2011, SWBR Architects relocated from Camillus to ArmorySquare. In fall 2011, BTI The Travel Consultants relocated to Deys Plaza. KS&R relocated185 employees to downtown Syracuse in January 2012, doubling their presence indowntown Syracuse. In November 2011, Bond, Schoeneck & King renewed their commitment to downtown Syracuse by signing a 15-year lease at their One Lincoln Center location and announcing a renovation project that would expand their footprint in thebuilding to 100,000 square feet.

Onondaga Towers - CBD Companies has begun an $8M renovation at the OnondagaTowers Building on South Warren Street that will have a substantial impact on the WarrenStreet corridor. The project will bring the building back up to Class A office space. Aspen

Athletic Club has opened a 6,000 square-foot location in the building.

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Geneva Tower - The SUNY schools have also invested in downtown. SUNY Upstate isinvesting $32M to renovate the former Townsend Tower and Harrison House in PresidentialPlaza into housing for about 400 SUNY Upstate students and medical residents. GenevaTower, formerly Townsend Tower, will be ready for occupancy by August 2012.Construction on the former Harrison House is expected to be completed by Fall 2014. TheSUNY Oswego Metro Center in Clinton Square offers courses throughout the year at their satellite campus in the Atrium Building.

I-81 - The activity and development taking place on University Hill is beginning to spill over into downtown Syracuse. This is driving the community to re-examine the future of I-81,which is elevated as it comes through the city and cuts off the Hill from downtown. Thereis a growing consensus that I-81 should be removed, replaced by an at-grade arterial or below ground tunnel, and to reconnect downtown and the Hill.

Centro Transfer Hub - To replace Common Center, which is located in the heart of downtown Syracuse, the Central New York Regional Transportation Authority is building a$14 million transportation center at the south end of downtown. The new Transfer Hub willoffer passengers the ability to wait in a climate-controlled facility. Construction is underwaynow and the hub will be complete by summer 2012.

The $11 million Onondaga Creekwalk was completed in October 2011, providing a new,continuous connection between Armory Square and Onondaga Lake. The recreationalpath along the east bank of Onondaga Creek has proved extremely popular, creating anew outdoor amenity for visitors to take advantage of year-round.

The Atrium and Clinton Square parking garages in Armory Square underwent renovationthis year and are now open 24/7, providing even more downtown parking options.

SU Warehouse - In thriving cities, colleges and universities play a major role in downtownrevitalization, and thats the case here as well. One of Syracuse University Chancellor Nancy Cantors first initiatives was the redevelopment of the Warehouse for the School of

Architecture. The Warehouse is now the home of the School of Visual and Performing Arts.The building, which was once a furniture warehouse, now houses 600 students, staff andfaculty every day.

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Green Homes - The Near Westside Initiative partnered the School of Architecture, Center of Excellence, and Home HeadQuarters (HHQ) in 2009 to create a national competition thatfostered advanced thinking about design, sustainability, and cost-effective building practicesfor the single-family home use. Three Innovative Green Homes were designed and con-structed. Today all homes are completed, owned, and occupied.

King + King Architects - A $6 million renovation of a former thresher machine factorycreated the LEED Platinum corporate headquarters for King + King Architects, one of theoldest architectural firms in the United States. Renovation features extensive energyconversation features; it tied for the highest LEED score ever awarded in New York State.It was an anchor project for the SALT District of the Near Westside. More than 75professionals moved to the downtown area.

Nojaims Grocery Store and St. Joes health clinic are planning a $2.4 million project torenovate and expand into a third space where nutrition and health education will cometogether in the countrys first combined grocery store/health clinic where people can see thecorrelation between food selections and health, and have access to neighborhood services.

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Lakefront

Destiny USA - The 1.3 million square-foot expansion of the Carousel Center will bring 100new brands to Syracuse, including retail stores, entertainment establishments and

restaurants. Some of the headliners include Michael Kors, Mark Echo, Saks Off 5th, TobyKeiths I Love this Bar & Grill, and Pole Position Raceway. The $170 million expansion willgenerate 2,000 new retail and construction jobs.

Inner Harbor - COR Development proposes to transform the Inner Harbor into a mix of residential, retail, recreation and academic properties. The development, which couldeventually total $350 million, would feature a satellite campus for Onondaga CommunityCollege, housing for 4,000 students, a 3-story hotel, residential apartments, offices andground-level retail space.

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Lincoln Supply Building - A nonprofit effort, founded with seed money from SyracuseUniversity, developed 10 artist live/work spaces in the former 30,000 square-foot Lincoln

Supply warehouse. Located at 109 Otisco Street, the property houses a mix of residentialand commercial space, including Say Yes to Education and the La Casita Cultural Center.Rehabilitation of the building cost more than $4 million.


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North Side

St. Josephs Hospital Health Centers $140 million final and largest expansion will includea six-story building that will house 110 private rooms, a surgical suite with 14 operatingrooms, intensive care units and other facilities. Since the expansion project began in 2005,St. Joes has built a new parking garage, a medical office building, a new lobby, and newemergency departments. The total cost of the expansion/renovation is $265 million.

South Side

Southside Food Co-op - The Southside Community Coalition, in collaboration withSyracuse Universitys South Side Initiative and other partners, plan to begin constructionon a 3,500 square-foot building to house a food co-operative and cafe in an effort tobring economic development to South Salina Street. The total project cost is projected at

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The Otisca Redevelopment - Located at 501 Butternut Street, this $4 million project willresult in a mixed-use property with commercial and residential space. The targetedcompletion date is Spring, 2014.

Prospect Park - The 400 and 500 blocks of Prospect Avenue will be transformed into alinear park and pedestrian corridor, linking St. Josephs Hospital to North Salina Streetbusinesses. Total cost: $1.5 million.

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Prospect Place - A $2 million renovation at 618-620 North Townsend Street will create amixed-use facility to house food service, retail space and apartments across from St.Josephs Hospital.

Flat Iron Building - This historic building at 530 North Salina Street will undergorehabilitation for retail and residential uses. Total cost: $1.2 million.

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syracuse center city investment

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