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Redevelopments in Syracuse attract and retain tenants

Building renovation projects at 351 and 499 South Warren Street are now complete. Both projects were supported in part by grants of $31,500 each from the Downtown Committee's South Warren Street Revitalization Program.

The project at 351 South Warren Street retained downtown Syracuse jobs, while the project at 499 South Warren Street attracted new jobs to the area.

Sam Ghalchi, owner of the building at 351 South Warren Street, focused some of the renovation efforts on the third and fourth floors of the building in order to assist his efforts to retain Hiscock Legal Aid Society as a tenant on those floors. Improvements to the tenant's space resulted in the retention of 46 jobs. In addition, an office was finished on the fifth floor of the building and public areas of the building such as staircases, corridors, and the lobby received treatments through repainting and the addition of new doors.

Menachem Friedfertig, owner of the building at 499 South Warren Street, also had attracting new businesses in mind with his renovations. At the outset of the project, the 499 Building was vacant. By renovating the second floor into an office space, as well as outfitting the building with new HVAC, boilers and improving the building's elevator system, Friedfertig was able to attract U.S. Beverage Corp. as a tenant. The company moved into their space in June, bringing eight employees downtown.

The South Warren Street Revitalization Program encourages and assists development along the South Warren Street corridor by providing 50 percent matching grants of up to $50,000 to property owners. The program is currently one of four Office of Community Renewal Main Street grants that the Downtown Committee is administering in its district.

The other three grants are the Clinton Street Revitalization Program, the Salina Street Revitalization Program and the Hanover Square -- Montgomery Street Revitalization Program.

Applications for the Hanover Square -- Montgomery Street Revitalization Program are being accepted until Dec. 18.

For more information contact Merike Treier, Downtown Committee Director of Economic Development, at mtreier@downtownsyracuse.com or 422-8284.

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