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BUSINESS RETENTION & DEVELOPMENT
ITHACA’S DOWNTOWN DISTRICT CONTINUES TO STANDS OUT AS AN EXEMPLARY COMMUNITY IN UPSTATE NEW YORK, THANKS TO ITS EXISTING AND FORTHCOMING BUSINESSES AND DEVELOPMENTS. THE DOWNTOWN ITHACA ALLIANCE PLAYS A KEY ROLE IN FOSTERING THIS PROGRESS AND PROVIDING SUPPORT TO HELP BUSINESSES PROSPER AND EXPAND. BY NURTURING LOCAL ENTERPRISES, THE COMMUNITY STRENGTHENS ITS ECONOMY, CREATING A LIVELY AND DYNAMIC ATMOSPHERE THAT BENEFITS RESIDENTS AND VISITORS. ITHACA’S DOWNTOWN DISTRICT SERVES AS A SHINING MODEL FOR OTHER COMMUNITIES SEEKING TO BUILD A PROSPEROUS AND THRIVING ECONOMY.
Development Projects
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Ithaca’s Downtown District continues to stand out as an exemplary community in upstate New York, thanks to its existing and forthcoming businesses and developments. The Downtown Ithaca Alliance plays a key role in fostering this progress and providing support to help businesses prosper and expand. By nurturing local enterprises, the community strengthens its economy, creating a lively and dynamic atmosphere that benefits residents and visitors. Ithaca’s Downtown district serves as a shining model for other communities seeking to build a prosperous and thriving economy.
Current Major Development Projects
Green Street Redevelopment Project: Asteri, Green Street Garage, The Ithacan
GREEN STREET GARAGE REBUILD & ASTERI
The Vecino Group, a Missouri-based national affordable housing developer, is leading the redevelopment of the western two-thirds of the Green Street Garage site. It’s a $112 Million, 199,884-square-foot project that broke ground in 2021. The Asteri project consists of three major components:
- $112 million investment
- 218 units of affordable housing
- Rebuilt new 350-vehicle parking garage
- 50,000 SF community conference center
This project will help transform Green Street into a major urban thoroughfare, bringing new life and vitality to the center. The Garage is now open. Completion of the housing and conference center is scheduled for Q1 2024.
