Development in and Around Syracuse Discussion

[CuseLegacy]

 

[CuseLegacy]

 

[shandeezy7]

Next for the J. Ryan's bar spot in downtown Syracuse: Talisman Tap Room?

 

[OttoMets]

Next for the J. Ryan's bar spot in downtown Syracuse: Talisman Tap Room?

I rarely read the comments but did here and Bob Dougherty makes an interesting point. I'm torn.

 

[shandeezy7]

I rarely read the comments but did here and Bob Dougherty makes an interesting point. I'm torn.

Yeah it's a tough spot. Gonna be hard to have success in that location immediately following a bar like J. Ryan's that had a cult-like following.

 

[cuse10]

Bumping the thread because more $2,000 apartments are being developed in Downtown Syracuse. Is there really a demand for housing this expensive in the community? Has Downtown cleaned up that much in recent years?

 

[shandeezy7]

Bumping the thread because more $2,000 apartments are being developed in Downtown Syracuse. Is there really a demand for housing this expensive in the community? Has Downtown cleaned up that much in recent years?

The projects keep being built, so obviously there must be demand. I think a plateau will eventually be reached, but we don't appear to be at that point yet.

 

[IthacaMatt]

Bumping the thread because more $2,000 apartments are being developed in Downtown Syracuse. Is there really a demand for housing this expensive in the community? Has Downtown cleaned up that much in recent years?

I think it's mostly for students and young professionals. The Downtown vacancy rate is only about 1%, so they are definitely getting tenants. The ripple effect is driving up rents in the suburbs, too.

 

[cuse10]

The projects keep being built, so obviously there must be demand. I think a plateau will eventually be reached, but we don't appear to be at that point yet.

What is driving people to live Downtown? That was a part of the city we usually steered clear of especially once the sun set. Armory Square is merely a few minutes away, but other than that, I never saw it as a place worth living in.

Re: the plateau. It's wishful thinking. We're having this problem in New York City. They just keep going up and up with no end in sight. I don't think it is sustainable if you're stuck in between. While there are positives to renting, this is one of the glaring negatives.

 

[TexanMark]

I think it's mostly for students and young professionals. The Downtown vacancy rate is only about 1%, so they are definitely getting tenants. The ripple effect is driving up rents in the suburbs, too.

It is also "empty-nesters" and active younger retirees. Many feed off the energy of downtown. Now downtown needs a mini-Wegmans or Trader Joe's.

 

[skurey]

The rent is getting to be ridiculous around here.

 

[721Comstock]

The rent is getting to be ridiculous around here.

So, you're saying that

 

[shandeezy7]

What is driving people to live Downtown? That was a part of the city we usually steered clear of especially once the sun set. Armory Square is merely a few minutes away, but other than that, I never saw it as a place worth living in.

Re: the plateau. It's wishful thinking. We're having this problem in New York City. They just keep going up and up with no end in sight. I don't think it is sustainable if you're stuck in between. While there are positives to renting, this is one of the glaring negatives.

A number of factors is driving the desire to live downtown (both in Syracuse and in similar sized cities across the country). There's a lot more to downtown than Armory Square. The Hanover Square area has a lot of dining and nightlife options. Warren Street has seen an increase in dining and restaurant options. The Hotel Syracuse renovation has even started to spur some development on that end of downtown.

As for your second point - this ain't NYC. Real estate/rental prices are totally driven by an overwhelming demand there. There is definitely a plateau in terms of price and demand for these type of projects in Syracuse, although we don't appear to be quite there yet.

 

[Orijinal]

So, you're saying that

Oh goodness, yes

 

[shandeezy7]

See all-new look planned for former Post-Standard building (photos)

 

[cuse10]

When I read about the apartments going up in Syracuse, I see way too many hybrid office/living space setups.

 

[DownTheField]

When I read about the apartments going up in Syracuse, I see way too many hybrid office/living space setups.

How so?

 

[shandeezy7]

When I read about the apartments going up in Syracuse, I see way too many hybrid office/living space setups.

I'm not sure what you mean? How can there be "too many" mixed-use developments like that? I think they offer a healthy balance of working space and living space.

 

[longtimefan]

I'm not sure what you mean? How can there be "too many" mixed-use developments like that? I think they offer a healthy ) balance of working space and living space.

They also save the developers beaucoup tax money. (3 vending machines?)

 

[shandeezy7]

They also save the developers beaucoup tax money. (3 vending machines?)

Well yeah, that type of "mixed use" building is a scam on taxpayers.

 

[Trueblue25]

See all-new look planned for former Post-Standard building (photos)

1100 sq ft, upper 2000s per month? Is it diamond countertops and golden walls?

 

[shandeezy7]

1100 sq ft, upper 2000s per month? Is it diamond countertops and golden walls?

I'm sure they will be pretty high-end.

 

[OttoMets]

Kind of funny coincidence that's only a little related to this thread - I noticed while driving by the other night that both the Paul Pasqualoni and Bernie Fine houses (only a couple houses apart) are both on the market at this very late hour in the University-area home-buying season:

607 Scott Ave, Syracuse, NY 13224 - realtor.com®
709 Scott Ave, Syracuse, NY 13224 - realtor.com®

 

[CusefanATL]

Kind of funny coincidence that's only a little related to this thread - I noticed while driving by the other night that both the Paul Pasqualoni and Bernie Fine houses (only a couple houses apart) are both on the market at this very late hour in the University-area home-buying season:

607 Scott Ave, Syracuse, NY 13224 - realtor.com®
709 Scott Ave, Syracuse, NY 13224 - realtor.com®

I saw P's house on the market. DIdnt realize that was a Fine house. Was it a former primary turned investment property for him?

 

[OttoMets]

I saw P's house on the market. DIdnt realize that was a Fine house. Was it a former primary turned investment property for him?

Nah, I'm pretty sure they lived there up until his wife demanded to 'upgrade' to the same block as the Boeheims.

(I used quotes around upgrade because I don't know why someone would prefer to live in a subdivision near Lyndon over a nice walkable block on Scott, but that's neither here nor there.)

Bernie's place sure has appreciated over the years...