SYRACUSE — COR Development Company, LLC announced that crews are starting work on demolition of the canal-maintenance building at Syracuse’s Inner Harbor.
COR plans to break ground on development of a Starwood Aloft hotel at the Inner Harbor in June.
The firm expects to finish the demolition and site-clearing work in the next two weeks, COR said in a news release.
(Sponsored)
How CH Insurance’s BOOST Program Optimizes Group Benefits for Small Businesses
For small business owners, navigating the complexities of group benefits can be overwhelming. Between compliance regulations, cost considerations, and employee expectations, offering a competitive benefits package often feels like a
Mergers and Acquisitions of Architectural and Engineering Firms
The pace of mergers and acquisitions (M&A) in the Architectural and Engineering (A/E) industry is at an all-time high, driven by firms seeking new opportunities for growth. From 2023 to
An engineering study determined that the canal-maintenance building is “structurally unsound,” COR said. The firm describes the building as “deteriorated” and will demolish the structure in the redevelopment process.
The building was originally intended as a community boathouse, according to COR. The firm is considering alternatives for public docking and a community boat launch at the site.
The early work allows the Fayetteville–based real-estate development firm to prepare the site for further development, including the future relocations of the canal freight house.
COR has completed a review process under the New York State Environmental Quality Review Act, or SEQR, which enables the company to begin construction.
Besides the demolition work, COR is also seeking final approvals for the Aloft hotel and for the construction of new city streets and public infrastructure in the development of the Inner Harbor’s western shore.
Besides the hotel, the $350 million redevelopment effort will also include educational facilities and several mixed-use complexes with office, retail, and residential components, COR said.
Contact Reinhardt at ereinhardt@cnybj.com
