SYRACUSE, N.Y. — Work is beginning on a new mixed-use development on Syracuse’s East side that’s located within walking distance of Syracuse University. Officials broke ground on the project, known as The Rosie, on Tuesday afternoon at 1301 E. Genesee St. in Syracuse. The Michaels organization of Camden, New Jersey joined the City of Syracuse […]
SYRACUSE, N.Y. — Work is beginning on a new mixed-use development on Syracuse’s East side that’s located within walking distance of Syracuse University.
Officials broke ground on the project, known as The Rosie, on Tuesday afternoon at 1301 E. Genesee St. in Syracuse.
The Michaels organization of Camden, New Jersey joined the City of Syracuse for the event. In the announcement on its website, Michaels refers to the project as a “new amenity-rich multifamily community.” The developer also successfully reached a financial closing on the development back on May 22, per its announcement, which didn’t include a project cost.
Michaels will provide property and asset-management services to The Rosie, once it’s completed. The development will include 286 apartments in studio, one-bedroom, and two-bedroom layouts, along with several amenities.
The Rosie is designed as five stories of wood-framed residential housing, which will sit on a one-story parking podium. Amenities include a rooftop deck, firepits, a clubroom, a fitness center, and a study/work lounge. The Rosie will also offer 1,000 square feet of retail space.
The developer also noted that The Rosie will be within driving distance of the upcoming semiconductor-manufacturing campus that Micron Technologies, Inc. (NASDAQ: MU) will build in the town of Clay.
“This is a growing market that needs more housing,” Michael Flanagan, chief investment officer for the Michaels organization, who also has primary responsibility for development. “We are grateful for the support of the city and state for this development and are proud to continue delivering high-quality housing to the Syracuse community.”
The project represents Michaels’ second development in Syracuse. In 2018, the company developed one of Syracuse’s off-campus, student-living communities.
The development benefited from the support of the Syracuse Industrial Development Agency. Passero Associates and CHA Consulting provided architecture and engineering services. Hueber-Breuer Construction Co., Inc. of Syracuse will serve as the general contractor.
Five Star Bank, which is based in Warsaw in Wyoming County and has operations in Central New York, and Mid Penn Bank, which is headquartered near Harrisburg, Pennsylvania, and are providing construction financing. Michaels expects crews will complete the project by June 2027.
