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Message: [QUOTE="OburgOrange, post: 5365966, member: 565"] SU buys Marshall st. Syracuse University has bought out another retail leasing portfolio along Marshall Street's storied 100 block — this time 2 adjoining parcels, 7 or 8 storefronts, and 138 feet in nostalgia-infused commercial frontage. The price: $14.2 million, which is nearly 5.7 times the combined full market valuations currently ascribed to the real estate by the city Assessment Department. The info flows from Onondaga County Clerk's Office index entries against recordings made late in the day on Monday, March 3, 2025. The property descriptions are not yet filled in. And the deed scans are likely not yet appended for remote consultation (a $5 guest user charge). But the parties match up with a big transaction that's been widely rumored since about Christmastime 2024. The selling entities are two LLC's and a trust, but the landlording business has long been understood as handled by aging Downtown lawyer Hugh C. Gregg II on behalf of himself and other family members. A cursory look at the land records suggests the Gregg Family has been in an ownership position along M Street since December 1945, when the father — Hugh Carleton Gregg (Senior), Ph.D., an SU administrator — bought the Shattuck Realty Corporation's building. That today falls within the Gregg Family's westerly holding officially listed as simply 153 Marshall. It has been assessed lately for about $1.183 million — if converted to full market value using the state's citywide statistical average for 2025. The parcel carries about 80 feet of street frontage, and the city's records claim it traces to construction in two sections, both dating from 1920. Google and a recent stroll suggest it was or is doing business through five storefronts: Taste of Asia (Thai & Vietnamese Cuisine) at 143; formerly Some Girls Boutique or CPR Cell Phone Repair at 145; Royal Indian Grill at 147; Mediterranean Combo at 149; and Manny's (Quality SU Clothing Since 1949) at 151. The property is probably still most vividly remembered for leasing its leftmost section to Cosmo's (1963-2014), a celebrated pizza shop and diner combo. The Gregg Family's easterly holding is on city records as 159-163 Marshall. It has been assessed recently for $1.322 million, if converted to the latest full market value. The parcel carries about 58 feet of street frontage, and the city's records trace it to two sections, both reputedly dating from 1980. However, there is still findable a contrary news clipping from March 1987 by young Syracuse Newspapers journalist Don Cazentre — indicating that Gregg II had by then torn down the prior structure (causing a surplus of rats to congregate in the hole), and there were delays in building things back. The property has been doing business lately through the basement-level Lucy Blu (Island Bar & Club) and the street-level Student Choice Market (or Foods) at 161, and Bleu Monkey Cafe (Sushi Restaurant) at 163. [/QUOTE]

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