CRESCENT COMMONS SET TO BREAK GROUND IN CORTLAND


CRESCENT COMMONS SET TO BREAK GROUND IN CORTLAND

Cortland, NY – The long-vacant 149,000 square foot industrial building at 165-177 Main Street in Cortland will begin its transformation into Crescent Commons this week. Crescent Commons will be a mixed-use project containing 103,490 square feet of high-quality commercial space and 45,185 square feet of upscale, mixed-income apartments. The primary development partners, David Yaman Realty Services located  in  Cortland, NY and Housing Visions Consultants headquartered in Syracuse, NY, invite community members to come celebrate the beginning of construction with a ground breaking event scheduled for 1:00 p.m on September 13th at the site.

Ben Lockwood, Vice President, Business Development for Housing Visions will open the program as the master of ceremonies. Among speakers and dignitaries expected are R. Daniel Mackay, Deputy Commissioner for Historic Preservation, NYS Division for Historic Preservation; Brian Tobin, Mayor, City of Cortland; and Gary VanGorder, Executive Director/CEO, Cortland County Business Development Corporation. Light refreshments will follow the kick-off.

The 100,000+ square feet of commercial space will be located on the middle floor and the lower floor. Approximately half of the first floor is already leased with the balance being designed to the needs of interested future tenants.  The commercial component will accommodate office use, research and development for high-tech concerns, retail or wholesale, service oriented companies or light assembly.  Pre-leased tenants include a counseling center, a real estate office, and a home care services provider.

The residential space will be made of large, sunlit one- and two-bedroom apartments ranging in size from 800 to 1,400 square feet. The units will feature EnergySTAR appliances, high-end finishes, modern design, and each unit will have its own separate HVAC system. Common amenities include a café, fitness center, and laundry facilities. Exterior highlights include a landscaped courtyard, private and secure access, and ample parking. In total, there will be 28 1-bedrooms starting at mid-$900s and 19 2-bedrooms starting at mid-$1200s.

Crescent Commons is a transformational development that exemplifies the values and goals of the City of Cortland, The Regional Economic Development Council, and the State of New York. In partnership with our partners: National Grid, Community Preservation Corporation (CPC), and National Trust Community Investment Corporation (NTCIC), Housing Visions and David Yaman Realty Services are excited to breathe new life into a signature downtown building that has been vacant and/or in disrepair for over 30 years and provide an optimal space for businesses to grow and individuals to thrive. Interested commercial tenants should contact David Yaman Realty Services at 607-756-5872 or visit www.davidyaman.com to inquire and interested tenants should contact Housing Visions at 315-472-3820 ext. 248 or visit www.crescentcommons.net.

 

Housing Visions was formed as a nonprofit development, construction and property management company in 1990 designed to rehabilitate and stabilize a declining neighborhood on the east side of Syracuse. Since then, its work has expanded to 14 cities in upstate New York and Pennsylvania where more than 1,400 units of affordable housing and over $300 million in community investment have improved countless lives and neighborhoods. David Yaman Realty Services specializes in real estate development and property management in Central New York. This organization’s long history of development is well documented through the many projects presently benefiting the Cortland and Central NY region.The Yaman family continues a long and successful history in Central New York with three generations presently servicing the commercial and industrial needs of our clients.

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For more information, contact

Casey Rotach

Marketing Manager

Housing Visions Unlimited

crotach@housingvisions.org

315.472.3820

www.housingvisions.org