Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.

State approves Stanley Theater as qualified film-production facility
UTICA, N.Y. — The New York Governor’s Office of Motion Picture & Television Development has approved Utica’s Stanley Theater as a qualified film-production facility. State

Oneida Nation to spend $20 million on Turning Stone upgrades
VERONA, N.Y. — Turning Stone Resort Casino will get a new gaming floor, six new restaurants, and new guest rooms in its Tower hotel. It’s

Stewart’s Shops opens second Utica store
UTICA, N.Y. — Stewart’s Shops — an employee and family-owned convenience store chain that has more than 330 shops across upstate New York and southern

SUNY Oswego president becomes chair of American Association of State Colleges
OSWEGO, N.Y. — Deborah F. Stanley, president of SUNY Oswego, assumed the chair of the American Association of State Colleges and Universities’ (AASCU) board of

MVP Health Care to expand health-plan offerings in two CNY counties, six altogether
SCHENECTADY, N.Y. — The New York State Department of Health has approved MVP Health Care’s request to offer Medicaid, Child Health Plus, and its Essential

People news: Citizens Bank executive named to Clarkson University board
POTSDAM, N.Y. — Lauretta M. Chrys, executive VP and head of strategic onboarding for the Consumer Banking Division at Citizens Bank, has been elected to

Syracuse, Rome to host UTM Convention Tuesday through Thursday
Syracuse and Rome are set to host the 2016 UTM convention, which has events scheduled Tuesday through Thursday. The Nicholas J. Pirro Convention Center at

Construction on Destiny USA hotel will continue during winter months
SYRACUSE — Construction work on Destiny USA’s upcoming hotel will keep on rolling during the winter months, according to David Aitken, an executive with Destiny USA. The $48 million hotel is under construction in the lot at the intersection of Hiawatha Boulevard and Solar Street across from the shopping and entertainment complex. The construction work
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SYRACUSE — Construction work on Destiny USA’s upcoming hotel will keep on rolling during the winter months, according to David Aitken, an executive with Destiny USA.
The $48 million hotel is under construction in the lot at the intersection of Hiawatha Boulevard and Solar Street across from the shopping and entertainment complex.
The construction work started back in June, he says. The hotel is scheduled to open in the fall of 2017. Aitken spoke with CNYBJ on Oct. 31.
Destiny USA on Oct. 24 announced its upcoming hotel will operate under the Embassy Suites by Hilton brand. That same day, Destiny USA raised an Embassy Suites flag to mark the announcement.
Hueber-Breuer Construction Co., along with several local contractors, is handling the construction work.
The hotel project has created more than 200 construction jobs and will result in more than 70 permanent jobs when the hotel is completed.
When asked what prompted Destiny USA to pursue the hotel project, Aitken said the venue has been working to attract visitors, both individuals and in group tours, from “longer distances.”
“We want to give people the opportunity to take historically what might have been a couple-hour experience to a several-hour experience at Destiny, then give them the opportunity to spend the night, take advantage of some of the live entertainment, and then experience the other things in Central New York, which we all enjoy,” explains Aitken.
Destiny USA has had visitors in group tours from 16 different countries in 2016, he adds.
The Embassy Suites by Hilton Syracuse – Destiny USA will serve as the “go-to property” for guests traveling to visit Destiny USA, the mall said in a news release. The hotel property will also feature an onsite restaurant and pool.
“We are incredibly excited to partner with Embassy Suites and Hilton on this exciting venture, which further solidifies Destiny USA’s reputation as an international tourist destination,” Stephen Congel, CEO of Pyramid Management Group, LLC, contended in the release.
A lending group led by M&T Bank (NYSE: MTB), which also included Berkshire Bank (NYSE: BHLB) and Tompkins Trust Company (NYSE: TMP), financed the $48 million hotel project, Destiny USA said.
The Onondaga County Industrial Development Agency (OCIDA) also has approved a tax exemption for the hotel. OCIDA forged a PILOT agreement with Destiny that reportedly could save the company up to nearly $7 million in taxes over a 12-year period.
Upon completion of construction, Plano, Texas–based Aimbridge Hospitality, the nation’s second largest independent hotel-management firm, will operate the facility.
The hotel will feature all of the “signature” amenities offered at Embassy Suites. The Destiny USA release says they include free made-to-order breakfast each morning; a complimentary two-hour evening reception with drinks and snacks; and suites with a separate living area, formal sleeping area, and a bar fitted with a microwave and refrigerator.
Contact Reinhardt at ereinhardt@cnybj.com

Byrne Dairy adds warehouse space at former New Venture Gear plant in DeWitt
DeWITT — Byrne Dairy Inc. is increasing its dry storage and warehousing capacity at the former Magna Powertrain/New Venture Gear plant in the town of DeWitt. The company’s space now totals 100,000 square feet, up from 60,000 square feet of space. The OX Group LLC, through its subsidiary ONX1 LLC, on Oct. 19 announced that
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DeWITT — Byrne Dairy Inc. is increasing its dry storage and warehousing capacity at the former Magna Powertrain/New Venture Gear plant in the town of DeWitt.
The company’s space now totals 100,000 square feet, up from 60,000 square feet of space.
The OX Group LLC, through its subsidiary ONX1 LLC, on Oct. 19 announced that it modified its leasing agreement with Byrne Dairy to increase the space. ONX1 manages and operates the former manufacturing and parts-distribution facility.
The additional space will accommodate Byrne Dairy’s increased dairy-food production at its ultra-pasteurization processing plant located near the New Venture Gear Drive location, the OX Group said.
OX Group now refers to the facility as the NVG Industrial Campus, says Robert Trafford, managing partner of ONX1 LLC. He spoke to CNYBJ from Huntsville, Alabama on Oct. 31.
The expansion requires Byrne Dairy to relocate to another section of the facility to accommodate the additional square footage, OX Group said.
Byrne Dairy is moving from the structure’s southeast corner into the northwest section of the building, according to Trafford.
“We expect them to be in their space by Thanksgiving,” he adds.
Byrne Dairy’s move also “better locates them” for OX Group to work with the company for any future expansion purposes with more loading docks available.
“As we anticipate an increase in our production and distribution operations, this expansion will allow us to plan for future growth in New York State while remaining cost competitive in the dairy food market. We value our relationship with the team at ONX1 and appreciate the opportunities they are providing,” Dan Wood, VP of operations at Byrne Dairy, said in the OX Group release.
Byrne Dairy is currently one of six tenants with operations in the NVG Industrial Campus.
The other tenants include Orlando, Florida–based CHEP, which manufactures pallets and containers; Custom Assembly, a manufacturing assembly group for off-road, sport-utility vehicles; and Rome–based Birnie Bus Service, which is using about 10,000 square feet of space, according to Trafford.
“Byrne Dairy was the first one in the door [in February 2014] at 60,000 square feet and we’ve just transitioned them over to a 100,000-square-foot space … We kept the same economic terms,” says Trafford.
With the current six tenants, the NVG Industrial Campus is “roughly 20 percent occupied” and still has about 1.2 million square feet available for use.
Trafford says that occupancy rate should increase soon.
“We’re actively in negotiations with some deals that … should dramatically enhance that [occupancy-percentage] number over the next three or four months,” he says.
Federal Express also has operations on the east side of the NVG Industrial Campus, but it’s not a building tenant, says Trafford.
He had subdivided and sold what was formerly the property’s east parking lot to a Federal Express developer.
The company built a 157,000-square-foot building in that location, he adds.
OX Group ownership
ONX1 purchased the 1.7 million-square-foot New Venture Gear plant from Syracuse Properties in the fall of 2012.
At the time of the purchase, Magna International occupied the plant. Magna in 2004 had purchased the business from New Process Gear, a Chrysler Corporation-owned company, according to the OX Group news release.
OX Group is a Florida–based real-estate development and management company specializing in the “restoration and repurposing of high quality, high profile” facilities formerly used for industrial purposes.
OX Group has multiple sites across the country, including subsidiaries, ONX1 and ONX3, which owns and operates the NVG Industrial Campus in DeWitt and the Silver City Industrial Park located in Sherrill.
Contact Reinhardt at ereinhardt@cnybj.com

Kohilo Wind buys former Welch Allyn building
SKANEATELES FALLS — The 159,247-square-foot former Welch Allyn building, situated on about 59 acres and located at 4619 Jordan Road in Skaneateles Falls, was recently sold. Kohilo Wind LLC purchased the property in August, according to a news release from Cushman Wakefield/Pyramid Brokerage Company, which helped the arrange the sale. Michael Kalet and George W.
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SKANEATELES FALLS — The 159,247-square-foot former Welch Allyn building, situated on about 59 acres and located at 4619 Jordan Road in Skaneateles Falls, was recently sold.
Kohilo Wind LLC purchased the property in August, according to a news release from Cushman Wakefield/Pyramid Brokerage Company, which helped the arrange the sale.
Michael Kalet and George W. Lee of Cushman Wakefield/Pyramid Brokerage exclusively marketed and facilitated the sale of the property on behalf of the seller.
The purchase price and other financial details of the sale were not provided.
Kohilo Wind (https://kohilowind.com) is a manufacturer of non-traditional wind turbines that require less than 3 miles per hour of wind velocity to operate. The company says its turbines are “unique” in that they condition the wind through a diffuser system not used in traditional turbines. That harnesses the energy more efficiently and increases power production, even at low wind speeds, it says.
The company sells turbines for rooftops, grain silos, gazebos, towers, ballasts, mobile wind trailers, lighting poles, boats, RVs, ATVs, golf carts, and new handheld wind-powered cell-phone chargers, according to its Facebook page.
Contact The Business Journal News Network at news@cnybj.com
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.