Connections and Expertise Support Transformational Downtown Project - City Center

Posted On
November 10, 2022

Image
City Center 2022

A highly visible redevelopment project at one of downtown Syracuse’s prime but long neglected intersections has benefited from the expertise, connections and direct support from CenterState CEO. CEO members Hayner Hoyt, HII, Tompkins Community Bank and CXtec Inc., among others, are part of the transformation of City Center, at the prominent cross sections of South Salina, West Jefferson and South Clinton streets. The 180,000 square-foot redevelopment infuses a multi-million dollar investment from the developer and tenants into downtown.

As the lead developer on the project, Hayner Hoyt’s $40 million investment at City Center is bringing new companies, residents and renewed vibrancy to the core of downtown. CenterState CEO helped Hayner navigate unique grant challenges and opportunities, allowing for incentives to remain in place until the project was able to commence, and facilitated connections for commercial tenants. Upon the project’s completion, Hayner Hoyt plans to move into 20,000 square-feet in the building as an anchor tenant.

Huntington Ingalls Industries (HII), a global engineering and defense technologies provider, announced in 2022 it will be among City Center’s anchor tenants, occupying 50,000 squarefeet of renovated space, and investing $5.5 million. With the move, the company has committed to creating more than 80 new jobs. CenterState CEO advocated with ESD for state incentives that would catalyze the company’s growth and support its move downtown. HII also looked to CEO for support to raise its profile in the community. CEO has helped HII make connections to other members and to opportunities for greater visibility in the community. HII will be operational in the new space in early 2023.

In 2016, Tompkins Community Bank opened its first Onondaga County location in Dewitt. As part of its efforts to grow and serve clients in Central New York, Tompkins has consistently utilized its membership and the CenterState CEO network to make direct connections and increase brand awareness through sponsorships. Given its success and growth in the Syracuse market to date, Tompkins will open a new office and branch downtown in City Center in early 2023. Tompkins also played a key role in the project as part of the lending team that enabled financing for Haynor Hoyt.

Additionally, technology hardware company CXtec Inc. announced plans to take 31,000 square feet of space in City Center. CEO provided assistance with ESD and helped the company as it evaluated options for new space, ultimately settling on City Center. It will move its headquarters and 100 jobs to downtown Syracuse from the suburbs, with plans for further job growth.

CenterState CEO organizational partner Downtown Committee of Syracuse has also played an integral role in supporting this project. Their partnership was instrumental in efforts to build connections to ensure this transformational project for downtown.

All told, the long vacant property will now welcome more than 350 employees to Syracuse’s main street, creating new energy and adding to downtown’s resurgence. The new commercial tenants have expressed that they expect the downtown location will help them recruit and retain talent.

Other
CEO in Action

Image
John Peter and Sarah Ausby in the CenterState CEO lobby
CEO in Action | 08/30/2024

Growth + Equity Fund Support Helps Entrepreneurs Bring Their Small Businesses to Life

The Growth + Equity Fund was designed to help entrepreneurs establish and grow their businesses, like owner of Ma’s Wings and Things Sarah Ausby.

Image
GNY 7 teams in front of TTG beam
CEO in Action | 06/25/2024

GENIUS NY WRAP: Valuable Connections

As GENIUS NY Cohort 7 teams all prepare for their own next steps in the uncrewed aerial systems (UAS) industry, they’re reflecting on the most valuable parts of the program.

Image
Talk CNY - Season 2, Episode 11 - Aimee Durfee
CEO in Action | 06/21/2024

Talk CNY in Focus: How Do We Make Careers More Accessible?

On season 2, episode 11, CenterState CEO Vice President of Workforce Innovation Aimee Durfee discusses how her team is continually listening and fine tuning to make sure new career pathways.

Image
genius ny cohort 7
CEO in Action | 06/18/2024

GENIUS NY 7 Wrap-Up: Transformation

The five companies that make up GENIUS NY’s Cohort 7 are wrapping up their year in the accelerator.

Image
ElleRae's Tacos Grand Opening at SCM
CEO in Action | 06/03/2024

CenterState CEO Programs Support Entrepreneurial Journey of ElleRae’s Tacos

ElleRae’s Taco is now open at the Salt City Market Monday-Saturday.

Image
Talk CNY - Season 2, Episode 9 - Nora Spillane
CEO in Action | 05/20/2024

Talk CNY in Focus: What Is the Economic Development Pipeline?

CenterState CEO Vice President of Economic Development Nora Spillane breaks down the meaning behind the economic development pipeline—what it is and what it can tell us about our regional economy.

Image
Syracuse Surge Pop-Up 2023
CEO in Action | 05/10/2023

Driving Inclusive Tech Industry Growth Through Syracuse Surge

CenterState CEO is actively partnering with the city of Syracuse, Onondaga County and leading local institutions to advance several Syracuse Surge-led workforce training and advancement programs.

Image
Taste of Africa
CEO in Action | 05/01/2023

Up Start program Supports Taste of Africa restaurant on Syracuse’s Northside

Taste of Africa is a restaurant in Syracuse’s Northside neighborhood owned by Ullys and Delvy Mouity, cousins who came to the U.S. as refugees from the Republic of Congo.

Image
Rob Simpson at Micron Annoucement
CEO in Action | 04/30/2023

Securing Micron's Historic Community Investment

On Oct. 4, 2022, Micron Technology, Inc. announced Central New York’s White Pine site, in Clay, will be home to its semiconductor manufacturing facility.