The Syracuse Realty Group (SRG) has begun construction for a mixed-use apartment project with 96 garden style apartments, 48 garage spaces and 15,200 square feet of total commercial space on two out-parcels. The land for a third out-parcel will be ground leased. The site is strategically located at the intersection of NYS Route 31 and Henry Clay Boulevard in the Town of Clay.
The property will consist of two 3-story apartment buildings with a total of 125,106 square feet with parking for 236 cars (including the garages). There will be 60 – 2 Br / 2 Bath units and 36 – 1 Br/ 1 Bath units. In addition, there are three out-parcels for commercial development. Two out-parcels totaling 15,200 square feet will be developed by SRG and one out-parcel will be ground leased. Total project site area is 14.95 acres.
A 10-minute drive time contains a population of 60,894 with a median household income of $75,596. The 2019 AADT are 10,407 for Route 31 and 6,788 for Henry Clay Boulevard. The three-mile radius contains a population of 24,435 with a median household income of $85,456. A 10-minute drive time contains a population of 60,894 with a median household income of $75,596.