SYRACUSE, N.Y. — Salina 1st says JF Real Estate of Syracuse will serve as its commercial broker to help with leasing the property’s commercial real estate.
Salina 1st describes itself as Syracuse’s first minority and woman-led commercial development. The property’s site is located at 1081 S. Salina St., just south of downtown Syracuse where site prep work continues.
With an estimated development cost of more than $15 million, the project’s completion is scheduled for 2024.
“We are excited to announce our partnership with JF Real Estate,” Gail Montplaisir, partner in the Salina 1st project, said. “As plans for the community continue to unfold, we realize that JF Real Estate has been at the forefront of change in the real-estate community. They believe in our investment in the southside and will bring the expertise needed to propel this project forward with future tenants.”
JF Real Estate is a real-estate brokerage company that provides services such as brokerage, development, tenant and owner representation, site selection, space planning, architecture, design, construction, financing, and building management. The company currently exclusively represents approximately 3 million square feet of commercial space and over 175 apartments, all in the greater Syracuse area.
“We look forward to working with the Salina 1st team,” Matt Funiciello and Tom Schneider, representatives with JF Real Estate, said in a news release. “We anticipate transformative, inclusive growth in the city’s Southside, and we are embracing the opportunity to find commercial tenants to finalize the development of Salina 1st.”
Commercial tenants that have committed to occupying the property include JHP Industrial Supply Company, Inc., Ebonomy, SGTR, and E. Smith Contractors.
Salina 1st on June 21 held a real-estate networking reception to provide a platform for professional networking and development, get to know the community, and give updates on the progress of the development.
During this month’s reception, Funiciello shared a “high-level overview” of the industry as well as local real-estate transactions, mapping around Salina 1st and other local developments on the south side.