85,000-sf, 207-bedroom Cornell University student apartment building
This luxury apartment building catering to Cornell University's student population is located in the heart of Collegetown. It's within the district's best block, which lies directly next to the university's main entry point. Collegetown is the most sought after location for Cornell University students. Named Ithaca’s “second city”, this vibrant area is teeming with casual restaurants, taverns, retail and more. Currently there is a 0.5% vacancy rate in the city and Collegetown is comprised of aging buildings, with only 200 new beds added over the last 15 years. Cornell is also increasing enrollment by 300 students per year. With virtually no available development sites, this location is positioned to dramatically capitalize on the increasing demand.