Syracuse (WSYR-TV) -- A longtime Syracuse eyesore is quickly being transformed into what’s expected to be a real gem for the area.
One building is nearly finished at the new Loguen's Crossing, others from the old Kennedy Square Apartments are being demolished.
They’ve stood for years, but piece-by-piece the towers that marked Kennedy Square Apartments are coming down. Full demolition is about a month away, but in three to five years, developers expect to turn the area into a medical campus, complete with a biotech building, with a mix of retail, residential and office space.
"It’s too early to tell if the dream will come as we envision it, but I can tell you the first building is exactly what we envisioned,” said Upstate Medical University’s Tom Pelis.
Pelis says Upstate is running out of space to build and redeveloping the old Kennedy Square area will allow them to grow, create jobs and reshape the area for everyone.
“We hope that not only will this development of this particular parcel be an economic boom to those that live here and work here, but we hope it’s also a catalyst to spur development in concentric circles around this development,” Pelis continued.
One big piece of the project will be extending Irving Avenue all the way from where it ends now at Fayette Street through this entire development and bringing it out to Water Street, that's all part of the Connective Corridor extension.
“It’s about five to six acres that we’re going to be developing, so it’s going to transform this area. This is the last part of the Connective Corridor that needs to be developed,” said COR Development’s Jeff Aiello.
The plan is to open the biotech accelerator building in January. Demolition work on the rest of the site should be finished by then with the second, five story building ready to start going up in the first quarter of next year.