Syracuse, NY (2020)

Salt City Market Mixed-use

Investment

NMTC Amount: 18,010,000

Total Project Cost: 15,689,800

IMPACT

59 FTE jobs

106 construction jobs

Borrower estimates that 14,520 people will be served per year at full capacity.

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.

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 square feet 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

484 South Salina Street, Syracuse, NY 13202

Video

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