Development in and Around Syracuse Discussion | Page 167 | Syracusefan.com

Development in and Around Syracuse Discussion

sutomcat said:
A developer wants to put a Shake Shack in East Syracuse. Old Friendly's location at Bridge and Erie Blvd East.

Right across the street from a Chik-Fil-A that is being built very rapidly as I post this...

www.syracuse.com

A Shake Shack in Onondaga County? Developer proposes turning eyesore into hamburger chain location

The closest Shake Shack is on the NY Thruway west of Syracuse.
www.syracuse.com www.syracuse.com
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Right between a BK, a McDonalds, a Wendy's, an Arby's, a Five Guys, a Taco Bell, and a KFC.

And the invisible Chick Fil-A. That chick must still be in the egg.
 
OrangeXtreme said:
Right between a BK, a McDonalds, a Wendy's, an Arby's, a Five Guys, a Taco Bell, and a KFC.

And the invisible Chick Fil-A. That chick must still be in the egg.
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Also a DiBellas and a Pavones within a pitching wedge. There is a Chipotle right down the road, a Blaze Pizza and a Sonic close by too.

And that building on Bridge St in front of Home Depot that has housed so many restaurants that all failed within months, which appears is going to become another Taco Bell. Yes another one maybe half a mile from the one on Erie Blvd.

This is a good area to be in when you are hungry.
 
OrangeXtreme said:
Right between a BK, a McDonalds, a Wendy's, an Arby's, a Five Guys, a Taco Bell, and a KFC.

And the invisible Chick Fil-A. That chick must still be in the egg.
Expand...

Well, Five Guys and Shake Shack are clearly a couple cuts above the others.

Among the rest, only KFC is actually "food", and Wendy's is barely a step up from the others.
 
shandeezy7 said:
Another historic CNY college is closing. Sad to see.

www.cnycentral.com

Wells College closing after more than 150 years due to financial struggles, low enrollment

Wells College, a private college in Aurora since 1868, has announced it will close its doors at the end of the current semester. The college is citing financial
www.cnycentral.com www.cnycentral.com
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There's going to be a lot more of this. Kids don't want to go $100K in debt to get a no-name college degree and not be able to get a job afterwards. Kids are getting smarter. I could see 25% or more of small colleges closing in the next 10 years. It would literally be a smarter move for them to use that money to buy a house in their 20s (while they're single) and get a job in the trades, where eventually you can be your own boss and own your own business.
 
IthacaMatt said:
There's going to be a lot more of this. Kids don't want to go $100K in debt to get a no-name college degree and not be able to get a job afterwards. Kids are getting smarter. I could see 25% or more of small colleges closing in the next 10 years. It would literally be a smarter move for them to use that money to buy a house in their 20s (while they're single) and get a job in the trades, where eventually you can be your own boss and own your own business.
Expand...

Just like college isn't for everyone, the trades aren't for everyone either. I think there will be a reset as it relates to higher education, but the schools that have been closing have had severe underlying financial issues that caused them to close. They were basically hanging on by a thread pre-pandemic and their inevitable demise was just accelerated.
 
sutomcat said:
Also a DiBellas and a Pavones within a pitching wedge. There is a Chipotle right down the road, a Blaze Pizza and a Sonic close by too.

And that building on Bridge St in front of Home Depot that has housed so many restaurants that all failed within months, which appears is going to become another Taco Bell. Yes another one maybe half a mile from the one on Erie Blvd.

This is a good area to be in when you are hungry.
Expand...
The just put another Taco Bell on Carrier Circle too.
 
shandeezy7 said:
Just like college isn't for everyone, the trades aren't for everyone either. I think there will be a reset as it relates to higher education, but the schools that have been closing have had severe underlying financial issues that caused them to close. They were basically hanging on by a thread pre-pandemic and their inevitable demise was just accelerated.
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Wrapping up my 30th year in higher ed. Can confirm. There's more closings to follow.
 
JoeCollege said:
Wrapping up my 30th year in higher ed. Can confirm. There's more closings to follow.
Expand...

18 years myself, and yes, there will be more to come. Colleges with sub-$100M endowments are becoming more and more difficult to keep afloat in today's day and age, especially if they are experience rising costs combined with either declining enrollment or unsustainable discount rates just to get students in the door.
 
JoeCollege said:
Wrapping up my 30th year in higher ed. Can confirm. There's more closings to follow.
Expand...
Yup, it's getting ugly. The crazy thing is that the elite schools are getting even harder to get into, but schools without huge endowments are going to struggle. My college's enrollment numbers have remained pretty good and we're still struggling to balance the budget.
 
shandeezy7 said:
18 years myself, and yes, there will be more to come. Colleges with sub-$100M endowments are becoming more and more difficult to keep afloat in today's day and age, especially if they are experience rising costs combined with either declining enrollment or unsustainable discount rates just to get students in the door.
Expand...
In other words, lots of interesting real estate opportunities. Wells could be repurposed in some really cool ways. It will be interesting to see if SUNY and the community colleges just stumble through with increasing dependence on state funds, or if the system(s) right size and perhaps even see some closures. I'd bet the former.
 
Conrad13 said:
Yup, it's getting ugly. The crazy thing is that the elite schools are getting even harder to get into, but schools without huge endowments are going to struggle. My college's enrollment numbers have remained pretty good and we're still struggling to balance the budget.
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There's so many schools that are throwing huge financial aid packages at students just to get them in the door and keep those enrollment numbers up, but they put a massive strain on the budget. It might be worthwhile to do in a tough year or two, but it's a pretty unsustainable practice without offsetting those funds in another way.
 
shandeezy7 said:
There's so many schools that are throwing huge financial aid packages at students just to get them in the door and keep those enrollment numbers up, but they put a massive strain on the budget. It might be worthwhile to do in a tough year or two, but it's a pretty unsustainable practice without offsetting those funds in another way.
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Yeah. One recently closed institution, a year before they closed, offered a kid I know who had like a 78 high school average, a Presidential Scholarship just to get some bodies in the door. Yeesh.
 
Bayside44 said:
Found the shower water pressure to be lacking, but this is a bit extreme.

City needs some nice hotel space close to campus.
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Unfortunately, I don't know where that's going to come from now. New construction in the area is all student housing. There aren't really any buildings ripe for conversion to a hotel and who is going to be constructing a brand new, large scale hotel from scratch?
 
shandeezy7 said:
Unfortunately, I don't know where that's going to come from now. New construction in the area is all student housing. There aren't really any buildings ripe for conversion to a hotel and who is going to be constructing a brand new, large scale hotel from scratch?
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Yeah noticed. New apartments are sprouting like mushrooms. Boutique hotels aren't going to cut it.
 
Isn't there still space in the old Kennedy Square plot?
DFCLQNQTYBBQ7ERPMWBJOY3AUM.jpg
 
xc84 said:
Isn't there still space in the old Kennedy Square plot?
DFCLQNQTYBBQ7ERPMWBJOY3AUM.jpg
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I don't think space is the issue. If these developers are converting hotels into student housing, that tells me there isn't enough money in the hotel business, so building some big fancy new hotel from ground up probably isn't realistic.

Also, the old Kennedy Square land is owned by SUNY Upstate after sitting dormant in the hands of COR for a decade (a debacle, just like what's going on over at the Inner Harbor - at least they built one building there).

www.syracuse.com

SUNY Upstate takes back Syracuse land 10 years after failed deal with Cor Development

Officials at the public university thus far have refused to disclose the terms of their settlement with Cor.
www.syracuse.com www.syracuse.com
 

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