ITHACA, NY The Planning and Development Board convened June 22 to discuss a slew of proposed construction projects in Ithaca, focusing mainly on the proposed projects at 401 E State St. and 510 W State St.Â
While the 347-unit apartment building project at 401 E State St. remains on schedule for a vote next month, concerns about construction externalities from 510 W. State St. delayed a vote to determine the fate of the mixed use apartment. Â
The board met the 401 E State St. project, proposed by the McKinley Development Company, with a warm reception. Fulfilling the request of the board at the last meeting, the developers presented their updated landscape plan to highlight the modifications. Such changes included adding more vegetation and green space to the end of the building and making sure that there are more native species of trees around the exterior, all of which sat well with the board.Â
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ITHACA, NY Thereâs no denying the demand for housing in Ithaca. As a thriving college town full of great eats, scenic treats and friendly people to meet, Ithaca has consistently been recognized as one of the best cities to live in the U.S. But as more people want in, the law of supply and demand begins to take effect.Â
In Ithaca, the cost of housing has continued to increase, while vacancy rates remain staggeringly low. What this suggests is that a lack of housing is driving up the prices of the existing market. Demand is high, but housing is scarce, so the prices go up.Â