SALINA — The LeMoyne Manor was once one of the region’s go-to event spaces for special celebrations and now the property is home to a new luxury apartment complex overlooking Onondaga Lake. Hosting events ranging from weddings to anniversaries and everything in between, the picturesque mansion at 629 Old Liverpool Road in the town of […]
SALINA — The LeMoyne Manor was once one of the region’s go-to event spaces for special celebrations and now the property is home to a new luxury apartment complex overlooking Onondaga Lake.
Hosting events ranging from weddings to anniversaries and everything in between, the picturesque mansion at 629 Old Liverpool Road in the town of Salina served as a banquet facility before its reuse as a residential space and ultimate vacancy in 2015.
Recognizing the potential of this long-vacant banquet and restaurant facility, an entity called 629 Lemoyne Manor, LLC purchased the property in 2016 with the intent to develop it into a mixed-use apartment complex under the leadership of David C. Muraco, Louis D. Muraco, and Alexis L. Muraco, according to a news release from NBT Bank.
The purchase price was $200,000, according to Onondaga County’s online property records.
The Muraco family also runs Empire Management Company, a real-estate development, leasing, and management company based in the town of Manlius.
“We wanted to bring this property back to life,” Louis D. Muraco, president of Empire Management, said in the release. “So many Central New York families have happy and special memories at LeMoyne Manor, including weddings, concerts and lively parties.”
The Muracos worked with NBT Bank to finance The Residences at LeMoyne Manor, a 66-unit apartment complex that boasts balcony views of Onondaga Lake. The
$18 million project includes four buildings with apartments ranging from 1,100 to 1,250 square feet each, and two 2,500-square-foot commercial spaces.
“We’re honored to help play a role in redeveloping this iconic regional asset,” NBT Bank Senior VP Richard Driscoll said. “The LeMoyne Manor property sat vacant for many years on a very busy throughfare and became quite dilapidated as time went on. Now, it will help to boost the local economy and create new memories for individuals and families in the region.”
Rents for apartments at the Residences at LeMoyne Manor range from about $2,400 to $2,650, according to a recent listing on Apartments.com.
