The Manhattanization of Collegetown continues. I’ve been waiting to post this one because the city was taking its time with uploading the supporting documentation; given that they had about eleven different projects at the six-hour marathon Planning Board meeting last Tuesday, I’m not going to fault them for taking a breather.
Anyway, this project, called “Collegetown Dryden”, is yet another addition to the Collegetown Boom. Located primarily in an MU-2 zone (i.e. the densest Collegetown zone, where no parking spaces are required), this project seeks to redevelop the Palms Block, a collection of four run-down structures that includes the brick building on the corner, the old Palms building, and the old Collegetown Candy and Nuts building on the corner of Dryden and Linden (the Kraftee’s Building is not included in this count; it is being redeveloped separately). The Palms building was recommended for historic preservation several years ago, but never gained significant traction. In January 2012, the recently-closed Palms and its two eastern neighbors (213 and 215 Dryden) sold for $3.75 million to local real estate development firm Novarr-Mackesey, the company responsible for Collegetown Terrace on East State Street. The old Tompkins Trust Bank on the corner was sold to Novarr-Mackesey in July 2011 for $1.65 million. Lastly, an adjacent house on Linden (240) that was bought for $475k in 2010 will be torn down and replaced. In sum, the firm has been collecting properties on this block for years and has been biding its time, waiting for the Collegetown zoning issue to sort itself out.
Onto the proposal itself. Speaking professionally, I’d say it’s something different and visually distinct from Jagat Sharma’s ubiquitous Collegetown designs. Speaking informally, someone referred to it as the “Tron Building“, and I’m inclined to agree. If they changed up the odd window setup, I might like it. The design is by the same firm that did Collegetown Terrace, ikon.5 out of Princeton.
The design as proposed has three unique structures, referred to as buildings “A”, “B”, and “C”, totaling 107,302 sq ft. Building “A” is the six-story structure at the corner of College Avenue and Dryden Road, and will have 2,000 sq ft of retail on the first floor. “B” is the six-story building fronting Dryden with a 9,000 sq ft “cellar” and 7,800 sq ft of retail space, and “C” is a three story residential building built over a one-story, 11-space parking garage fronting Linden Avenue. Together, they provide 141 units, all studios. This is unusual, but it has merit. Studios are going to be less expensive than units with bedrooms, and will be more accessible to students with less affluent income levels. I’m not saying it’s going to be cheap, definitely not with the high land values here. But it will be cheaper to rent than some of the other properties in inner Collegetown.
Compared to Jason Fane’s 330 College juggernaut, this one is right at the very edge of legal zoning. It totals six floors and 80′ in the MU zoning sections (Buildings “A” and “B”) and four floors in the CR-4 (Building “C”). It’s all legal, no ZBA required. I’d also say that in comparison to some other developers, John Novarr seems a little more neighborly, which certainly helps in the approvals process. This was the type of development envisioned when the form guidelines were passed, so it should be feasible, unlike the non-starter proposed across the street. Look for this one to go through revisions and discussion, with possible approval by the end of the year. A multi-phased 2015-2017 construction time frame is likely.