Development in and Around Syracuse Discussion | Page 28 | Syracusefan.com

Development in and Around Syracuse Discussion

skurey said:
The rent is getting to be ridiculous around here.
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So, you're saying that

SF1IzaP.jpg
 
cuse10 said:
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.
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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.
 
When I read about the apartments going up in Syracuse, I see way too many hybrid office/living space setups.
 
cuse10 said:
When I read about the apartments going up in Syracuse, I see way too many hybrid office/living space setups.
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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.
 
shandeezy7 said:
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.
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They also save the developers beaucoup tax money. (3 vending machines?)
 
OttoMets said:
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®
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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?
 
CusefanATL said:
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?
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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...
 
OttoMets said:
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...
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They definitely lived at the house on Scott for several years, at least. I used to hang out there with his son a bit. Noticed that both his and P's former houses were on the market when I was walking to Greek Fest from my parents' house a couple weeks ago.
 
shandeezy7 said:
Interesting. The other two big student housing complexes on Genesee are set to open this Fall too, right? Are those on track?
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As far as I know; the one at Genesee and South Crouse has been actively leasing commercial space and they've poured sidewalks already. The one on Walnut looks a little further behind, but not by much.
 
shandeezy7 said:
An update on The Marshall not opening in time for the start of the semester. Most of the kids are going to be housed at the Crowne Plaza, so a heads-up for anyone that stays there when they come into town for games. Rooms will probably be hard to come by for a bit.

The Marshall, new luxury student apartments near Syracuse U., won't be ready in time
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I wonder if "The Marshall" will also pay for storage of items that were to be moved into the apartments but won't fit in a hotel room. I also hope they cover moving costs (vans, etc). I know. Parents and students shouldn't have to worry about two move ins.
 
shandeezy7 said:
An update on The Marshall not opening in time for the start of the semester. Most of the kids are going to be housed at the Crowne Plaza, so a heads-up for anyone that stays there when they come into town for games. Rooms will probably be hard to come by for a bit.

The Marshall, new luxury student apartments near Syracuse U., won't be ready in time
Expand...
Im pretty sure the Orange Crate Express is right be to that new luxury apartment building. They’ve added an outdoor bar and intend to host game day parties. Looks fun
 

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