New Markets Tax Credit Coalition

Cayuga Green

NMTC delivers key element in Ithaca’s ongoing downtown revitalization.

Investment

  • NMTC Amount: $12,118,500
  • Total Project Cost: $16,650,000

IMPACT

  • 183 FTE jobs
  • 100 construction jobs
  • 17,800 sq. ft. of real estate

Investor

Project Description

Mixed-use retail and residential: Cayuga Green is a key element in Ithaca’s ongoing downtown revitalization. The mixed-use development created 17,800 sq. ft. of retail and office space and 69 apartment units. In addition, the ground level of two city parking garages will be converted into office and retail spaces. Commercial tenants include a local coffee shop and pharmacy as well as national brands TIAA/Cref and Urban Outfitters.

Cayuga Green is expected to help create a 24-hour downtown by addressing the city’s growing demand for downtown housing and providing new retail space that will contribute to the growing economy.

MAP

Address: 150 East Green Street, Ithaca, NY 14850

Census Tract: 36109000100

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