Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.
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 […]
Become a Central New York Business Journal subscriber and get immediate access to all of our subscriber-only content and much more.
Click here to purchase a paywall bypass link for this article.
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
Become a Central New York Business Journal subscriber and get immediate access to all of our subscriber-only content and much more.
Click here to purchase a paywall bypass link for this article.
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
Hamilton College formally inaugurates new president
CLINTON, N.Y. — Hamilton College celebrated the formal inauguration of its 21st president, Steven Tepper, on Saturday, Sept. 28. Tepper began his new role on
Syracuse University opens new center in Washington, D.C.
WASHINGTON, D.C. — Syracuse University (SU) says it has opened a new center in Washington, D.C. and held a Sept. 24 event to mark the occasion. The center, located at 1333 New Hampshire Ave. in the Dupont Circle area of Washington, will serve students, faculty, staff, and alumni, SU said in its announcement. Mike Tirico,
Become a Central New York Business Journal subscriber and get immediate access to all of our subscriber-only content and much more.
Click here to purchase a paywall bypass link for this article.
WASHINGTON, D.C. — Syracuse University (SU) says it has opened a new center in Washington, D.C. and held a Sept. 24 event to mark the occasion.
The center, located at 1333 New Hampshire Ave. in the Dupont Circle area of Washington, will serve students, faculty, staff, and alumni, SU said in its announcement.
Mike Tirico, a 1988 Syracuse graduate who handles hosting and play-by-play duties for NBC Sports, hosted the event. The speakers included Syracuse University Chancellor Kent Syverud; along with Lois Agnew, interim vice chancellor, provost and chief academic officer; and J. Michael Haynie, vice chancellor for strategic initiatives and innovation.
“Building on an already thriving presence in the nation’s capital, the center will enhance the University’s global influence and impact,” SU contended in its announcement.
“This city is a place our students want to be. It’s a place they want to live. And it’s a place they want to build their futures and careers after they graduate,” Syverud said in the SU announcement. “Our students studying away here benefit from Syracuse’s academic strength and deep connections in policy, government, media and law.”
The event included a panel discussion examining the changing landscape of collegiate sports and public policy. The panelists were James Phillips, commissioner of the Atlantic Coast Conference; Felisha Legette-Jack, Syracuse University women’s basketball coach; and Tirico.
Margaret Talev, Kramer Director of the Syracuse University Institute for Democracy, Journalism and Citizenship, moderated the discussion.
The Washington, D.C. center houses the Institute for Democracy, Journalism and Citizenship and serves as a home base for study-away programs offered by the Maxwell School of Citizenship and Public Affairs, S.I. Newhouse School of Public Communications, and the College of Law — through which hundreds of students live, learn, and work in the city every year.
Washington, D.C. is home to more than 15,000 alumni, many of whom connect with students as teachers, mentors, and internship supervisors, SU said.
City of Binghamton finalizes purchase of St. Mary’s recreation center
BINGHAMTON, N.Y. — The City of Binghamton now owns the St. Mary’s recreation center on Hawley Street in the downtown area, representing the latest step
VIEWPOINT: Reinventing Downtown Syracuse
Downtown Syracuse is experiencing a transformation. Over the past few years, I have observed our city reinvent its landscape into a vibrant community filled with remarkable places for exploration and attractive real estate for residency. Our goal is to develop a flourishing downtown area that is diverse and welcoming to all. The revitalization of downtown
Become a Central New York Business Journal subscriber and get immediate access to all of our subscriber-only content and much more.
Click here to purchase a paywall bypass link for this article.
Downtown Syracuse is experiencing a transformation. Over the past few years, I have observed our city reinvent its landscape into a vibrant community filled with remarkable places for exploration and attractive real estate for residency. Our goal is to develop a flourishing downtown area that is diverse and welcoming to all.
The revitalization of downtown Syracuse is a testament to the collaborative efforts of community partners, residents, business owners, and investors united by a common vision for our city center as a vibrant social hub and a connector of people. This shared commitment has been instrumental in establishing downtown Syracuse as a locale renowned for its memorable experiences.
In the development pipeline, 13 projects totaling $129 million will meet the evolving needs of the downtown community, including a new doggy daycare and pet supply store, and more than 120 new housing units. An additional 400 residential units are planned or underway, creating the potential for downtown’s population to exceed 5,000 residents by the end of 2025.
Investments continue at downtown’s southern and western gateways, where the Allyn Foundation announced plans to transform the historic Chimes Building through a $40-million development. This will bring 152 mixed-income apartments online, building on the energy created by the Salt City Market. Across the street, the apartments at Symphony Place began lease-up this past spring. This $17.5 million project offers 75 residential units, and two floors of commercial space.
Additional revitalization and foot traffic will bolster southern downtown, thanks to the vision and partnership of New York State, Onondaga County, and the City of Syracuse. Just south, across from Centro’s hub, Central New York’s first STEAM School is under construction and will open in 2025. Through partnerships, internships, mentoring and job shadowing, the program will help prepare students for jobs in our growing high-tech manufacturing field. New York State has committed $71 million to the effort, along with Micron’s $10 million commitment to this and other K-12 programs.
Construction at the Tech Garden is well underway. Led by CenterState CEO, and supported by many New York State partners, this $32 million expansion will include space for 35 resident startups, 100 virtual startups, a fresh façade, and major tech enhancements. The Tech Garden is set to be completed next year.
On Montgomery Street, St. Paul’s Episcopal Church is underway with a $2.2 million project to improve accessibility. Phase two of the plans include a partnership with A Tiny Home for Good to create permanent apartments to support those facing chronic homelessness.
On the southern end of this block, a $7 million investment is underway at Mizpah Towers. Cerio Law offices moved into the commercial space on the second floor and work on event space, several apartments and a restaurant are expected to begin this year.
Throughout this neighborhood, a $232,000 grant from New York State allows the Downtown Committee to support building renovation projects and façade improvements at Mizpah Towers, Noble Cellar, Acropolis Center, and the Redhouse.
Near Hanover Square, City Hall Commons is slated for a $17 million conversion by Hanover Development to add 40 apartments and retail space. To activate the ground floor in the meantime, CNY Arts has brought us “Art in the Atrium,” a gallery dedicated to showcasing the works of local artists.
Across Warren Street, the City of Syracuse plans to refresh Hanover Square, including an updated fountain design, expected to be complete in the summer of 2025.
One block south, the city solicited proposals to expand visitor and residential offerings downtown by encouraging the redevelopment of M. Lemp Park. The goal is to select a development team who will activate the corner.
Onondaga County Executive McMahon is leading the charge for new hotel rooms downtown. In July, he announced plans to seek a developer to build a 200-plus room full-service hotel adjacent to the Everson Museum.
To incentivize more growth at this critical juncture in our hospitality industry, McMahon will offer grants to expand on and build new hotels to support efforts to attract major events, and to fill a need that will be driven by Micron’s planned plant in Clay.
Starting this fall at Fayette Park, Douglas Development will transform 420 & 430 East Genesee St. into a mix of 57 studio, one-bedroom and two-bedroom apartments through a $25 million investment.
In Armory Square, The Clinton at Armory Square will break ground in Spring 2025. This $20 million development will create 88 apartments, 3,000 square feet of retail space, and onsite parking at the site of the current Clinton Street Garage.
Plans like this are part of Armory Square’s continuous evolution. This neighborhood has experienced renewed energy as new restaurants, shops, and experiences have come online.
So far in 2024, nine new businesses have been announced for the neighborhood and the historic Bentley Settle building has been transformed into a curated arts experience; from Art Haus on the first floor, through to the Airbnb units located above. Additionally, the former Empire Brewing space is now home to the Whiskey Coop, which features a variety of whiskeys, fine spirits, and upscale comfort foods.
Downtown’s power as a destination has grown thanks to a focus on experiences and amenities that attract visitors.
The Landmark Theatre works with partners like Famous Artists to present major Broadway shows. The upcoming season will be a “can’t miss” and is projected to attract more than 100,000 visitors.
The Redhouse Arts Center announced its upcoming season, with shows for everyone, including favorites like Hamlet and The Sound of Music.
At the Onondaga Historical Association, Assemblyman Magnarelli secured a
$3 million grant to expand the research center, increase the OHA’s ability to host events, and improve storage conditions for our county’s valuable archive collections.
The Erie Canal Museum launched a series of walking tours in June to better connect people to our canal history.
And in July, the Everson debuted its new café, Louise — an interactive dining experience where food is served on functional pieces of art from their ceramics collection.
Finally, recognizing the important role arts and culture play in fostering our community’s identity and attracting visitors, the City of Syracuse and Common Council established the Syracuse Cultural Festivals Fund. These funds supported 22 nonprofit community groups in delivering cultural, celebratory events. Another $135,000 has been set aside to support festivals over the next year.
The cumulative effect of these incremental projects and investments has generated a palpable momentum in the downtown Syracuse area. Businesses and individuals now view downtown as a valuable asset — a place to visit, discover, and as the community’s core. Our ongoing progress is a testament to our partners’ shared commitment to a vibrant long-term vision. Thank you for your work and dedication. We are grateful for your ongoing partnership.
Merike Treier is executive director of the Downtown Committee of Syracuse, Inc. In this role, she leads a team to support a dynamic, vibrant downtown and promote future growth through economic development and revitalization initiatives, marketing and events, security, and environmental maintenance. Treier is also president of the Downtown Syracuse Foundation, Inc. Contact her at MTreier@DowntownSyracuse.com.
State of Downtown report details vibrant activity
Nearly 30 new ground-floor businesses began operations in downtown Syracuse in the 2023-24 fiscal year. The firms included seven new retail shops, eight personal-service locations, and 14 new food and beverage spots. That’s according to the State of Downtown report that Merike Treier, executive director of the Downtown Committee of Syracuse Inc., delivered during the
Become a Central New York Business Journal subscriber and get immediate access to all of our subscriber-only content and much more.
Click here to purchase a paywall bypass link for this article.
The firms included seven new retail shops, eight personal-service locations, and 14 new food and beverage spots.
That’s according to the State of Downtown report that Merike Treier, executive director of the Downtown Committee of Syracuse Inc., delivered during the organization’s annual meeting on June 20.
Downtown Syracuse has had an increase in retail occupancy, with the rate surpassing 80 percent for the first time since 2010. Since then, the downtown area added 240,000 square feet of additional retail space to its commercial offerings.
The Downtown Committee in May launched a resident survey, which sought data on downtown-resident demographics and housing preferences. The survey found those living downtown speak 16 languages and represent 19 countries and five continents.
“These perspectives are important as we build towards an inclusive downtown,” Treier said in her report.
Downtown development projects included City Center in the former Sibley’s department store building. The Hayner Hoyt Corporation held a formal-opening event in October 2023. The redevelopment was made possible thanks to public and private partners who “saw the potential of this space and came together to drive this project forward,” according to the report.
A few blocks away, the Allyn Family Foundation announced plans to renovate the historic Chimes Building through a $40 million development to bring 152 mixed-income apartments online, “building on the energy created by the Salt City Market,” the report stated.
Across South Salina Street, the apartments at Symphony Place began lease-up this past spring. The $17.5 million project offers 75 residential units and two floors of commercial space.
In her remarks, Treier went on to say that additional revitalization and foot traffic will bolster southern downtown, “thanks to the vision and partnership of New York State, Onondaga County and the City of Syracuse.”
Across from Centro’s hub, Central New York’s first STEAM School is under construction and will open in 2025. STEAM is short for science, technology, engineering, arts, and mathematics.
Through partnerships, internships, mentoring and job shadowing, the program will help prepare students for jobs in the high-tech manufacturing field. New York State has committed $71 million to the effort, along with Micron’s $10 million commitment to this and other K-12 programs.
The $32 million Tech Garden expansion is well underway. The project will include space for 35 resident startups, 100 virtual startups, a fresh façade, and major tech enhancements. The Tech Garden expansion is set to be completed in 2025.
On Montgomery Street, a $2.2 million project to improve accessibility at St. Paul’s Episcopal Church is underway. The project’s second phase includes a partnership with A Tiny Home for Good to create permanent apartments to support those facing chronic homelessness, per the report.
On the southern end of this block, a $7 million project is underway at Mizpah Towers. Cerio Law offices moved into the commercial space on the second floor. The project involves work on an event space, several apartments, and a restaurant.
Throughout this neighborhood, a $232,000 grant from New York State allows the Downtown Committee to support building-renovation projects and façade improvements at Mizpah Towers, Noble Cellar, Acropolis Center, and the Redhouse, according to the Downtown Committee.
Elsewhere, City Hall Commons, near Hanover Square, is slated for a $17 million conversion by Hanover Development to add 40 apartments and retail space.
Across Warren Street, the City of Syracuse plans to refresh Hanover Square, an effort that includes an updated fountain design, expected to be completed in the summer of 2025.
Onondaga County Executive Ryan McMahon is leading the charge for new hotel rooms downtown. In June, he announced plans to seek a developer to build a more than 200-room, full-service hotel adjacent to the Everson Museum of Art, which is located at 401 Harrison St.
To incentivize more growth at this critical juncture in the area’s hospitality industry, the county is also offering grants to expand on and build new hotels to support efforts to attract major events, and to fill a need that will be driven by Micron’s plant in the town of Clay.
Starting this fall at Fayette Park, Douglas Development will renovate 420 and 430 E. Genesee St. into a mix of 57 studio, one- and two-bedroom apartments through a $25 million investment.
In addition, The Clinton at Armory Square is breaking ground in spring 2025. This $20 million development will create 88 apartments, 3,000 square feet of retail space and onsite parking at the site of the current Clinton Street Garage, per the report.
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.