Next phase of Cazenovia Market development also beginning
By Jason Emerson
Editor
More apartments for the general marketplace will soon be available in the heart of the village, but anyone seeking a new living space better move quickly — the apartments in the F.H. McLaughlin building on Albany Street are already half spoken for.
The building, owned by developer David C. Muraco, contains commercial space on the first floor and residential apartments on the second and third floors. Cazenovia College had leased the residential floors for the past 10 years to be used as student housing for upper classman, and ended the lease in June after determining it was no longer needed.
Muraco is currently renovating and upgrading the six-apartments in the space to include all new kitchens and the addition of air conditioning, something the units did not previously have.
The apartments range from one to three bedrooms, have off-street parking and range in price from $950 to $1,600 per month in rent, Muraco said. They will be ready in early August, he said, and three of the six apartments have already been leased.
For more information, contact Empire Management of CNY at 315-445-8990.
Muraco, owner of New Venture Assets development company, is also moving forward on phase two of the Cazenovia Market development project on Route 20, just east of the new Aldi grocery store.
On August 6, construction is set to begin on the “Theophilus” building — named after Theophilus de Cazenove, the man who funded John Lincklaen’s founding of Cazenovia — which will be a mixed-use building of residential and retail/financial services (with a drive-thru window), with the design based off the McLaughlin Building on Albany Street.
The building will have two retail units and a community room for residential residents on the first floor and 12 residential units geared toward residents ages 55 and older on the additional two floors. There will be room for 69 parking spaces — 48 to be constructed immediately and 21 to be “banked” for future use as needed.
Muraco said both retail spaces in the new building are currently available, although AmeriCU is considering a move from its Albany Street location and there is a possibility of a diner coming.
“We have no available space in [any of our buildings] in Cazenovia — downtown and in Town and Country Plaza — and all we are doing is building,” Muraco said. “If you build it, we will fill it.”
Muraco also said is working with a “national clothing store” and plans to bring a big retailer to Cazenovia in the future, particularly if Walgreens (which recently took over Rite Aid) decides to relocate from Town and Country Plaza over to the Theophilus building across the street.
