Public and private investment, along with historic preservation tax credits, are driving the rebirth of downtown Syracuse.
People are drawn to the mixed-use neighborhoods, and the influx of residents supports street-level commercial life. Existing apartments boast 99 percent occupancy, and demand only appears to be growing.
"The result is a boom for adaptive reuse projects throughout downtown Syracuse, including apartments, restaurants, bars, offices, retail, hotels and the welcome addition of a grocery store.
At present, nearly 2,500 residents call downtown Syracuse home, with more anticipated to join them. The occupancy rate for downtown apartments currently stands at an astonishing 99 percent. And demand is expected to grow, as job opportunities attract people back to central New York from larger cities, many of whom are attracted to urban living at an affordable price...
Syracuse University Chancellor Nancy Cantor decided to move 600 students to a facility in Armory Square. 'The Warehouse' serves as a model of how an underutilized building can be given new life and become an anchor for future development..."
Thanks to CollegeTownLife.com
