Downtown Committee of Syracuse, Inc. Selects Seven Properties to Receive $470,000 in New York Main Street Funds to Catalyze $11m Investment in Downtown Syracuse
Monday, April 2, 2018
Syracuse, NY –The Downtown Committee of Syracuse, Inc. is pleased to announce the distribution of $470,000 in New York Main Street funds to seven revitalization projects, which will invest a combined total of more than $11 million into Downtown Syracuse. In December, the Downtown Committee was awarded a $500,000 grant through the New York Main Street program to prioritize commercial and residential developments in the Heart of Downtown Syracuse, specifically targeting underdeveloped properties along the 300, 400 and 500 blocks of South Salina and South Warren streets. In total, fifteen applications were submitted, and a selection committee awarded seven properties (listed below) with funds to catalyze new activity:
South Salina Street Recipients:
- The building at 313 S. Salina Street (map), which currently houses Dollar Wise, was awarded $100,000. Plans call for two new commercial units, eight residential units and façade renovation.
- The Chimes Building, located at 500 S. Salina Street (map), was awarded $70,000 to go toward historic window replacement, as well as additional residential and commercial development.
- The Park Brannock Building, located at 321 S. Salina Street (map), was awarded $37,500 to create eight new residential units, one commercial unit and façade renovation.
- Its neighbor, located at 323 S. Salina Street (map) – formerly home to Lee’s Express on the ground floor– was also awarded $37,500. Plans there also call for eight new residential units, one commercial unit and façade renovation. The adjacent buildings will have 16 apartments between them, branded as the Whitney Lofts.
- The Wilson Building, located at 310 S. Salina Street (map), was awarded $25,000 to go toward the build-out of ground-floor commercial space.
South Warren Street Recipients:
- The Jefferson Building, located at 401-407 S. Warren Street (map), was awarded $100,000 to establish new commercial and residential units, as well as façade renovation.
- The building that currently houses Tang Flavor on the ground floor, located at 413-417 S. Warren Street (map), was also awarded $100,000. Plans call for two new residential units on the upper floors, as well as façade renovation.
In total, the awarded properties include 14 ground-floor commercial spaces, and, of the residential units mentioned above, grant funds will support at least seven affordable (“affordable” defined as being affordable to individuals earning 90% or less than Onondaga County’s Area Median Income) residential units. All projects are located within the South Salina Street Downtown National Register Historic District.
Downtown Syracuse is currently home to 3,600 residents, and 28,000 employees. Each year, arts and cultural events, festivals and conferences attract more than five million visitors.
Since 2010, more than $650 million has been invested in redevelopment projects throughout Downtown Syracuse, including more than $118 million in Armory Square and - most recently, in the Convention District - $76 million for the historic rebirth of the Hotel Syracuse as the Marriott Syracuse Downtown.
“We’re excited to work with our property owners to connect these existing areas of vibrancy by stirring new activity in underdeveloped properties,” said Merike Treier, executive director of the Downtown Committee of Syracuse. “By converting vacancies into shopping and dining destinations, new residential addresses and offices, the New York Main Street program complements our mission to revitalize Downtown Syracuse and ensure Downtown continues to be pedestrian friendly, accessible and attractive to the residents, employees and visitors who spend time in the center of our city.”
NEXT STEPS: In the coming weeks, the Downtown Committee will meet with awarded property owners to discuss the scopes of their projects. Grant-eligible work will begin early this summer and finish by the fall of 2019. For more information about the New York Main Street program, please visit the New York State Homes and Community Renewal website. For more information about the Downtown Committee and its programs and services, please click here.
The grant, awarded this past December through the New York State Department of Homes and Community Renewal, is the Downtown Committee’s sixth award through the New York Main Street program. The Downtown Committee is the most-awarded organization in Central New York for this grant program and has administered five successful New York Main Street grant programs, providing $1,000,000 to 36 downtown buildings and four streetscapes.