This column was written by Brian Crandall, who writes “Ithacating in Cornell Heights.”
1 — Construction company lined up for Marriott hotel
According to the IJ, Urgo Hotels finally has a construction company lined up for the long-awaited downtown Marriott hotel. The firm, William H. Lane Inc. out of Binghamton, is no stranger to the area, with previous work on Cornell and IC’s campuses. Construction would hopefully start in October and take place over a year or so; late 2015 would be great, but early 2016 seems more plausible.
With as many delays as the Marriott project has had, I won’t believe the hotel’s under construction until I see foundation work underway.
2 — BinOptics of Lansing predicts strong growth — and jobs!
In economic news, a quickly-growing local company is applying for tax abatements to help fund its expansion. BinOptics of Lansing is based out of the Cornell Business Park over near the airport, at 9 Brown and 20 Thornwood Drive. According to their TCIDA tax abatement application, the abatement is to underwrite some of the cost for expanding in those two buildings, and adding a 2,800 sq ft clean room onto 9 Brown (BinOptics works in the manufacture and sale of optical and laser devices).
The project is expected to cost $7.7 million, mostly on new equipment. On paper, it sounds promising; the 14 year-old company claims to have grown from about 50 to 143 employees in the past 3 years, 35 in the past year alone.
They expect to add 91 more jobs over the next 3 years, of which the vast majority pay living wage. The abatement is for about $200k in mortgage and sales taxes, and a multi-million dollar abatement on property taxes (I’m not sure of the exact figure because it deviates from the TCIDA standard plan, but it is greater than the standard plan).
3 — Old Library competition churns along
And now there are four – Integrated Acquisition and Development has pulled out of the Old Library competition. Its “Library Square” project had the most units, but was generally unloved by constituents. INHS dropped out of the running when it acquired the Neighborhood Pride grocery site a few months ago and decided to focus on that. That leaves Travis Hyde’s proposal, Cornerstone Group, and the two favorites, DPI’s condo proposal, and Franklin/O’Shae’s reuse proposal. Both have ardent groups of supporters; as an observation, what DPI has in big name supporters, Franklin/O’Shae is counteracting with grassroots outreach. Both have their own merits, one promoting home ownership, the other ecological sensitivity.
Now comes the actual RFP (Request for Proposals). According to the county press release, it will include
“…detailed site plan, building design and floor plans; detailed cost and financial information, including the proposed financing for the project; certification of ability to close on acquisition (or lease) by a given date; verification of any agreement or memorandum of understanding with Lifelong (if a part of the project), and with any other parties committing to lease or own space in the building. Among other recommended elements are any anticipated request for tax abatements or tax credits; strategies to manage parking demand; specific measures to reduce carbon footprint; and evidence of meeting with the City Landmarks Preservation Commission, and with City staff to assure that the project meets zoning and code requirements.”
The draft RFP is due to be reviewed at the November 7th meeting.
4 — Is parking on 300 block of East State St worth worrying about?
The Ithaca Times is running a piece where shop owners on the 300 Block of East State are fretting about the loss of the municipal parking lot for the Hampton Inn project. Will the loss of adjacent parking be inconvenient? Sure, a little bit. This was also a block that historically (The Strand, 1916-1993) had a large theater occupying much of the site. Some of the shopkeeps and property owners are cautious and neutral about the parking changes and coming hotel, which is fair; one seems to think it will ruin their business.
The same one who, although quoted that she’d support downtown residential projects, has also gone on the record for opposing the Carey Building addition, saying the addition was out of character. Hmm. Anyway, no doubt having two buildings under construction next to each other will be a complex logistical task, but the end results should justify the nuisances.
5 — Delays on the Commons
On the other hand, the ever-increasing Commons delays are a serious, serious problem. I can’t claim to know much about the bidding process, but Vacri was the only one who bid for the third phase, came in well over budget. What Ithaca is getting is a watered-down, overpriced, much-delayed project that threatens downtown’s commercial vitality, which is really unfortunate. Michael Kuo, the Commons project manager, probably wants to crawl under a rock. I wouldn’t blame him for that.
6 — Belle Sherman Cottages underway
The Belle Sherman Cottages project on the east side of Ithaca says that sales and prep work are underway for their townhomes. The townhomes will be built in 2 sets of 5 units, one set will have garages facing the front side (thumbs down) and the other will have garage doors in the back (thumbs up). All of the units are 2-bedrooms, 2.5 bath, and start at about $250k. That makes them a bit of a premium price in the Ithaca market, but they are new, and I have no doubt at least a couple of the units will be bought by deep-pocketed Cornellian parents who don’t want to worry about their little ivy leaguer paying rent. I know at least one townhouse unit has already sold.
Spring seems to be intended completion period, whether that’s for one set of 5 or both, I’m not sure. I’m going to guess that it depends on sales this fall.