Future Campus Framework Discussion | Page 151 | Syracusefan.com

Future Campus Framework Discussion

sutomcat said:
There was supposed to be a Blaze Pizza in The Marshall. Think it was supposed to open like 2 years ago.

I take it that is never going to happen now? What a shame such prime locations are being wasted.
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Blaze Pizza is not good. Lebron has some financial interest in the brand
 
sutomcat said:
There was supposed to be a Blaze Pizza in The Marshall. Think it was supposed to open like 2 years ago.

I take it that is never going to happen now? What a shame such prime locations are being wasted.
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Tough time for retail but, yeah, I don't think they ever wound up signing a lease. Same with Halal Guys.

As perfect as that South Crouse alley was for Chuck's, Funk and Waffles, Komachi, and all those other businesses, it's a way tougher sell for a national retailer to pay $40 per square foot for a location with no street frontage/visibility in a neighborhood that has virtually no foot traffic for 30% of the year.
 
Reilly35 said:
Blaze Pizza is not good. Lebron has some financial interest in the brand
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Don’t love Blaze pizza personally but the younger generation absolutely loves it. Especially the college age crowd which is why you generally see this franchise located close to college campuses
 
OttoMets said:
Tough time for retail but, yeah, I don't think they ever wound up signing a lease. Same with Halal Guys.

As perfect as that South Crouse alley was for Chuck's, Funk and Waffles, Komachi, and all those other businesses, it's a way tougher sell for a national retailer to pay $40 per square foot for a location with no street frontage/visibility in a neighborhood that has virtually no foot traffic for 30% of the year.
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Makes a lot of sense.

One would think if someone was going to make such a crazy investment, they would do some sleuthing beforehand and price the rents at rates where the retail space would get snapped up with no issues.

Did I read a while ago (probably in this thread) that the city has zoning laws that require these kinds of buildings to have some retail space on the first floor in order to get built?

Is this happening because the owners don't really care about filling those spaces? They had to build them for legal reasons but don't really care if they stay vacant forever?

Hopefully future investors will see what happened at The Marshall and it will serve as a cautionary tale for what not to do building new structures in this area.

There is a lot of money to be made here if the right people get involved that know what they are doing. Can't the city and/the university work together to vet potential future development and get some businesses in there to replace the old guard that are really good fits for the area?

Is there any hope we can have a nice business district here that addresses the needs of the students, the faculty, visiting fans and all the other people (mostly medical) that work in the area?
 
sutomcat said:
Makes a lot of sense.

One would think if someone was going to make such a crazy investment, they would do some sleuthing beforehand and price the rents at rates where the retail space would get snapped up with no issues.

Did I read a while ago (probably in this thread) that the city has zoning laws that require these kinds of buildings to have some retail space on the first floor in order to get built?

Is this happening because the owners don't really care about filling those spaces? They had to build them for legal reasons but don't really care if they stay vacant forever?

Hopefully future investors will see what happened at The Marshall and it will serve as a cautionary tale for what not to do building new structures in this area.

There is a lot of money to be made here if the right people get involved that know what they are doing. Can't the city and/the university work together to vet potential future development and get some businesses in there to replace the old guard that are really good fits for the area?

Is there any hope we can have a nice business district here that addresses the needs of the students, the faculty, visiting fans and all the other people (mostly medical) that work in the area?
Expand...

This, to an extent. The project is only feasible with the tax break, and the tax break only is warranted with a certain percentage of commercial space.

So the financing doesn't work without the commercial component, but the commercial is a) overpriced, b) in many cases too large for market demand, and c) the developer usually doesn't want the hassle of managing a bunch of commercial spaces anyway. It's a problem everywhere.
 
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TexanMark said:
Really well done video.
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Agree. Sounds (and looks) like Roosevelt 'Rick' Wright, retired professor at Newhouse.

Love that guy.

Whoops, got to the end. I think Kevin is a really talented cartoonist too.
 
I noticed that the donor presale email for the Paul McCartney concert uses "Carrier Dome" several times.
 
Cusefan0307 said:
No. It will just lead to more gentrification. Too many buildings these days being built on the hill that resemble old Soviet Architecture and that’s what we will end up with here. Architects have little ingenuity these days.
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Blame the developers, not the architects.
 
sutomcat said:
Makes a lot of sense.

One would think if someone was going to make such a crazy investment, they would do some sleuthing beforehand and price the rents at rates where the retail space would get snapped up with no issues.

Did I read a while ago (probably in this thread) that the city has zoning laws that require these kinds of buildings to have some retail space on the first floor in order to get built?

Is this happening because the owners don't really care about filling those spaces? They had to build them for legal reasons but don't really care if they stay vacant forever?

Hopefully future investors will see what happened at The Marshall and it will serve as a cautionary tale for what not to do building new structures in this area.

There is a lot of money to be made here if the right people get involved that know what they are doing. Can't the city and/the university work together to vet potential future development and get some businesses in there to replace the old guard that are really good fits for the area?

Is there any hope we can have a nice business district here that addresses the needs of the students, the faculty, visiting fans and all the other people (mostly medical) that work in the area?
Expand...
I would not be surprised and even assume that there is a zoning ordinance that requires street level retail. This is the city's effort to make sure it is maintaining an active and pedestrian friendly streetscape with a better tax base potential. That said, any one of these developers would typically look at the retail as a loss leader (they will have to offer a subsidized lease rate and it may have volatile or high turnover). The apartments above are where they make their money. They are not likely penalized for those spaces being vacant (by the city at least) so they may not care so much. That is of course short sighted as high retail vacancy will affect the perception of the neighborhood and drive down the value of the sub-market and the rents in the building. That said, there is also the potential that a Chucks or other drinking establishment was assumed at planning and then it was realized that this too would drive down the market, so they allow it to remain vacant until the right retailer comes in.

Case in point as to how challenging and delicate this can be is my town, where every other storefront is a nail salon, to the point where they had to change the zoning to disallow any further nail salons. You might say that if all of them are still there, the demand must be too, but the downtown is dead due to a lack of diversity in the retail. Zoning has a very hard time mandating types of retail. They would be seen as over-controlling, limiting a capital market, market competition, the options of a developer to fill their space, or the business of the tenant who wants to compete in that neighborhood. It would be seen as "government overreach". I literally have no reason to go to my own downtown, so it remains dead, but there is little that can really be done.
 
shandeezy7 said:
I know how moronic this is going to sound, but I honestly had no idea that ESF had any athletic teams at all.
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I knew about XC and some competitive woodcutting, but team ball sports? No idea.
 
shandeezy7 said:
I know how moronic this is going to sound, but I honestly had no idea that ESF had any athletic teams at all.
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I was about to post the same thing! Who knew!
913DAC6E-B513-4CAB-ABFA-206C3DBE52FD.png
 
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