Search

Syracuse, NY (2020)

Salt City Market Mixed-use

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

Investor

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

Other New York Projects

Brooklyn, (2012)