Downtown Syracuse Development Overview

Page 3

Herald Commons - Originally built in 1928 for the Syracuse Herald (later the Syracuse Herald-Journal

after merging with the Syracuse Journal), the four-story Herald Building is getting a $5 million face lift. The new owners are calling it Herald Commons and will market the renovated floors to office tenants and lease a restaurant on the ground floor. Located on the northeast corner of Franklin Street and Herald Place, the building is just one block north of Dinosaur Bar-B-Que restaurant.

11 Amos Building - On Clinton Square, developer Dan Queri has announced plans to expand the Amos

Building to offer 16 additional apartments, totaling 35. The four-story, $1.5 million expansion will be built on the east side of the existing building.

12 Common Space - Developer Troy Evans will begin a $1.6 million conversion of 201 East Jefferson Street

into a mixed-use facility. Geared towards the burgeoning entrepreneurs of the Syracuse region, unique space will be created to work and live with both office space and apartments.

13 235 E. Water St. - Construction on 235 E. Water St. has begun. A $560,000 renovation will transform the building into high-end, loft-style apartments on the top three floors and commercial space on the ground floor. Located in Hanover Square across the street from the State Tower Building, Syracuse City Hall and the New York State Office Building, the apartments will feature open floor plans with large windows. The early 20th century structure was built utilizing the Erie Canal’s sidewalls, which are still visible in the building’s basement.

14 Addis Building - Developers have agreed to purchase and renovate the long-vacant Addis Co. building.

The Lahinch Group is currently securing financing for the $4.8 million renovation of the 45,000-square-foot structure on South Salina Street. Plans call for the creation of retail space on the ground floor, office space on the second floor, and apartments on the upper three floors.

15 Goldberg Building - Vacated since 1993, the previous M. Goldberg & Sons Furniture Corp. building will

undergo a $2 million renovation to create a mix of ground-floor commercial space and 12 apartments on the upper floors. The building fronts both Clinton Street and Salina Street. The Clinton Street space will offer six apartments on the second floor, and plans are being made to add a third floor of additional apartments. The Salina Street space will be used for commercial leasing.

16 Icon Tower - Icon Companies presented plans to turn the former 10-story Excellus Building on Warren

Street into Icon Tower, a mixed use conversion that is projected to cost $20 million. Proposed plans include retail space and 35 interior parking spaces on the first floor, office space on the second and third floors, and 73 apartments on the fourth through tenth floors.

17 Downtown Syracuse Development Overview, page 3


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