ITHACA, N.Y. — The streets of Collegetown are about to get a little denser.
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Plans are being presented to the Ithaca city planning board Tuesday night detailing a 5-story, 76-bedroom apartment building proposed for 201 College Avenue, two blocks south of Collegetown’s core. A student boarding house from the early 1900s currently occupies the site.
The project is the work of local developer Todd Fox and architect Noah Demarest of local firm STREAM Collaborative. Fox, one of the co-owners of local rental company Modern Living Rentals, will be developing the project with his new development company, called Visum Development Group.
Early plans call for an H-shaped building with a basement gym and storage space, 3-bedroom units on the first and second floors, and studio loft units on the third through fifth floors. With their smaller size, the studio units would have a lower price tag and reach a greater portion of the Collegetown rental market.
The location falls into the Collegetown Form District’s MU-1 zone. MU-1 allows for a 5-story building up to 70 feet tall. Since the site is sloped, the city would determine the maximum height of the building based on the average grade of the property. No parking is required for an MU zone. All the MU-1 and MU-2 properties sit near Collegetown’s core just south of Cornell campus. The city hopes development in the MU zones will promote a walkable environment, and deter students from spilling over into neighborhoods outside Collegetown.
For Fox, this would be one of several projects he has developed in and around the city in recent years. He is a co-developer of the 6-unit, 18-bedroom apartment building recently completed at 707 East Seneca Street, and with MLR business partner Charlie O’Connor, just received municipal approvals for 8 new townhouses at 902 Dryden Road in the hamlet of Varna. Meanwhile, for all of the work STREAM Collaborative has been involved with locally, 201 College would be their first foray into the Collegetown neighborhood.
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