Syracuse (WSYR-TV) - A large project that could breathe new life into Downtown Syracuse has reached a critical point.
Pike Block is now accepting deposits for apartments in its four buildings, which will combine residential and commercial renters at the heart of Downtown Syracuse.
The first few apartments will be ready for people to move in as early as January. Developers say downtown living spaces are usually claimed before the projects are even finished and they expect the same in this instance.
“This will be set up as if somebody owns it, with full furniture and everything else and then we’ll use this to show people,” said VIP Structures CEO Dave Nutting.
Nutting says the project is showing people that Pike Block is no longer just an idea.
"That glass will all be in, in 60 days all these new storefronts – that's when everyone will all of a sudden realize what's happening,” Nutting said.
Nutting says the commercial side of the project is already strong. The developers are talking to 12 groups about the commercial space and have three signed letters of intent.
The developers say they are seeing new things as the project progresses.
"All of a sudden it’s gone from this idea which you needed an awful lot of imagination to an idea where you still need a little bit of imagination to pull together but you can actually see some of the finished product, so it’s terrific, this is great,” Nutting said.
The company anticipates having the project nearly complete by July or August 2013.