This post was written by Brian Crandall, who runs “Ithacating in Cornell Heights.”
The 21st Century Library Campaign – Tompkins County Public Library
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1 – Belle Sherman Cottages going quickly
Well, that was fast. It’d hardly been a week when 2 of the 5 units (the middle one and the second from right, lots 21 and 22) in the second phase of the Belle Sherman Cottages townhouses were already reserved. These are not cheap, they’regoing for near $300k. Taking guesses – wealthy parents of Cornellians, or permanent residents?
2 — Update on the Old Library site?
There hasn’t been much news about the Old Library site as of late, because the four entities invited to submit detailed proposals have until March 20th to get all their paperwork in.
But one thing worth noting is that the Cornerstone project, the only one which has an affordable housing component, is asking for a non-binding letter of interest from the Ithaca Urban Renewal Agency.
If selected, the IURA could offer Rochester-based Cornerstone and its partner the Ithaca Housing Authority up to $200,000 towards the development of approximately 70 affordable housing units.
3 — College Crossings
It’s not uncommon to find apartments through Craigslist, but at least one stalled local project is trying to find retail tenants through the online classifieds website. The project in question is the “College Crossings” development (at 123 King Road East on South Hill), which comes up in news updates once in a great while – since approval in 2012, the site has been cleared, but not a whole lot else has happened.
The second floor was revised from office space to 2 apartments with 9 beds total, which is arguably a better fit and easier to finance in the Ithaca real estate market, and the developer (Evan Monkemeyer of Ithaca Estates Realty) says she has two of its six retail spaces leased (for a Subway and a Dunkin’ Donuts), with a potential lease on a third space pending.