Salt City Market Mixed-use

New Markets Tax Credit Coalition

Syracuse,
NY
(2020)

Salt City Market Mixed-use

Affordable Housing, Community, Grocery and Fresh Food, Housing, Mixed-use, Retail, Retail and Commercial, Workforce Housing

New 78,000 sq. ft. mixed-use development that transforms a vacant lot, located at the intersection of 3 impoverished neighborhoods, into a mixed-use, multicultural, community hub.

Investment

NMTC Amount: $15,689,800
Total Project Cost: $18,010,000

IMPACT

59 FTE jobs
106 construction jobs
Borrower estimates that 14,520 people will be served per year at full capacity.
78,000 sq. ft. of real estate

CDEs

Chase, Rose Urban Green Fund

Investor

Chase

Project Description

New 78,000 sq. ft. mixed-use development that transforms a vacant lot, located at the intersection of 3 impoverished neighborhoods, into a mixed-use, multicultural, community hub. It features a 24,000 sq. ft. public market with 10 food stalls and grocery store on the first floor, 9,600 sq. ft. of not-for-profit office space on the second floor, and a total of 26 mixed-income apartments on the upper 2 floors with a tenant mix of approximately 31% low-income housing (under 80% AMI), 38% market rate and 31% workforce housing (80-120% AMI).

MAP

Address: 484 South Salina Street, Syracuse, NY 13202

Census Tract: 36067003200

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