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Redev CNY begins construction on St. Matthew’s Condos in East Syracuse
EAST SYRACUSE, N.Y. — Redev CNY, a real-estate development firm based in Syracuse, says it’s starting construction on the St. Matthew’s Condos, a project that will bring 21 affordable condominiums to the East Syracuse community. The project is located at the former St. Matthew’s Elementary School at 214 Kinne St. in the village of East […]
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EAST SYRACUSE, N.Y. — Redev CNY, a real-estate development firm based in Syracuse, says it’s starting construction on the St. Matthew’s Condos, a project that will bring 21 affordable condominiums to the East Syracuse community.
The project is located at the former St. Matthew’s Elementary School at 214 Kinne St. in the village of East Syracuse. It’ll offer a mix of 12 one-bedroom condos, 8 two-bedroom condos, and 1 studio condo.
Construction is expected to be completed by the summer of 2025, with sales slated to begin shortly thereafter, Redev CNY said.
Units will be available to individuals and families earning between 80 percent and 100 percent of the area median income (AMI) in Onondaga County. For 2024, 80-to-100 percent of AMI for a family of four in Onondaga County ranges from about $70,200 to $87,800. Pricing for the condos will range from $139,200 to $167,889, with an average sale price of $150,185.
“This project is critical to creating homeownership opportunities for first-time buyers and families making between 80-100% of AMI,” Ryan Benz, managing partner of Redev CNY, said in a statement. “We are incredibly proud to be the first affordable condo program across New York to utilize the AHOP program, and we are so thankful for our friends at HCR, HFA, and CPC for their dedication to making this vision a reality.”
The development is the first in New York State to use the Affordable Housing Opportunity Program (AHOP) through the NYS Homes & Community Renewal (HCR) and the Housing Finance Agency (HFA), per the Redev CNY announcement.
The project is further supported by National Grid’s Clean Heat Program and Onondaga County’s Housing Initiative Program. Redev CNY says both National Grid and Onondaga County contributed “vital funding to ensure the success” of this community-focused development.
Tompkins Chamber announces annual award winners
ITHACA, N.Y. — The Tompkins County Chamber of Commerce has announced this year’s winners of its annual awards, which recognize contributions by businesses, nonprofits, and
FustCharles, a certified public accounting (CPA) firm in Syracuse, has hired Ryan J. Fecco as an audit associate. He will help service the firm’s manufacturing,
FustCharles, a certified public accounting (CPA) firm in Syracuse, has hired Joseph A. Pagnotta, CPA as an audit manager. He will help service the firm’s
TTM Technologies awarded federal funding to boost its expansion project
DeWITT, N.Y. — The U.S. Department of Defense has awarded TTM Technologies Inc. (NASDAQ: TTMI) $30 million to boost the expansion project at its site
Berkshire Bank opens new office in DeWitt
DeWITT, N.Y. — Just six months after announcing the sale of a nearby branch in the village of East Syracuse to another bank, Berkshire Bank has opened a new office in the town of DeWitt. The new Berkshire Bank office at 6319 Fly Road in DeWitt will support its business banking, commercial real estate, middle-market
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DeWITT, N.Y. — Just six months after announcing the sale of a nearby branch in the village of East Syracuse to another bank, Berkshire Bank has opened a new office in the town of DeWitt.
The new Berkshire Bank office at 6319 Fly Road in DeWitt will support its business banking, commercial real estate, middle-market lending, BerkshireBanc Investment Services, and back-office teams.
Those teams were formerly housed in the bank’s prior East Syracuse retail branch at 6611 Manlius Center Road, which Berkshire sold to Pathfinder Bank. It was always the intention to open a new location in the area for those teams, Berkshire Bank officials tell CNYBJ.
“At Berkshire, we want to be sure our clients can continue to bank when, where, and how they want, and that includes the option to meet in person with bankers who live and work locally and deliver trusted advice through industry-leading expertise,” New York Market President and Commercial Real Estate Managing Director Jim Morris said in a statement.
Berkshire Bank is a subsidiary of Berkshire Hills Bancorp, Inc. (NYSE: BHLB), which has $12.2 billion in assets and more than 80 branch locations.
ESD’s Global NY expands to 15 markets, offers $900K to help N.Y. businesses in exporting
ALBANY, N.Y. — Empire State Development (ESD) on Tuesday announced an expansion of Global NY’s international presence, growing from nine to 15 markets. Global NY
AmeriCU Credit Union has announced the appointment of Jenny Fox as its new digital marketing manager. With more than 20 years of financial-services experience, Fox
Canandaigua National Bank & Trust plans to open multiple Syracuse–area branches starting in 2025
CANANDAIGUA, N.Y. — Canandaigua National Bank & Trust announced it will be entering the Syracuse market with plans to open multiple branches starting in 2025. Frank Hamlin, III, the bank’s president and CEO, views this announcement as the “next exciting evolution for an organization that has made consistent and considerable growth throughout its history.” Canandaigua
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CANANDAIGUA, N.Y. — Canandaigua National Bank & Trust announced it will be entering the Syracuse market with plans to open multiple branches starting in 2025.
Frank Hamlin, III, the bank’s president and CEO, views this announcement as the “next exciting evolution for an organization that has made consistent and considerable growth throughout its history.”
Canandaigua is a city in Ontario County located at the northern end of Canandaigua Lake.
Canandaigua National Bank & Trust will announce individual locations in the Syracuse area as details are finalized, but the expectation is to add multiple branches over the next one to three years, with at least one office anticipated to open in 2025. Along with retail-banking services, Canandaigua National Bank & Trust will offer financial services that include business banking, commercial lending, mortgage lending and loan origination, wealth-management services, estate and trust services, and insurance.
As branches draw nearer to opening, Canandaigua National Bank & Trust says it will begin hiring to staff those locations, as well as to support other services and banking operations.
“This decision is the result of extensive research and thoughtful consideration by our leadership team,” Hamlin said in the bank’s announcement. “It reflects the strength of our bank as a business, along with the steadfast work and commitments in the Syracuse area that are yielding promising growth from the designated national tech hub corridor that will connect Rochester, Syracuse, and Buffalo to the development of job training skills and housing.”
Founded in 1887, Canandaigua National Bank & Trust describes itself as “the region’s only local, full-service, community-owned financial institution,” with 25 branches in Ontario and Monroe counties, as well as financial-services offices located in Canandaigua, Bushnell’s Basin, downtown Rochester, and downtown Sarasota, Florida, per the announcement.
Rosamond Gifford Zoo earns renewal of its AZA accreditation
SYRACUSE, N.Y. — The Rosamond Gifford Zoo has successfully renewed its accreditation from the Association of Zoos and Aquariums (AZA), Onondaga County Executive Ryan McMahon
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