Ithaca, N.Y. — The Lofts @ Six Mile Creek have released tentative rental prices: It’s $1,220/month for a studio to $2,655/month for a top-notch 2 bedroom.
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Using the affordability rule (30% of monthly income), one gets $48,800-$106,200 year – given the median income in Tompkins County of just over $53,000/yr, these prices could be described as upper-middle tier.
The 45 units are set to be completed this summer, but those looking to take a sneak peek can sign up for an April 18th tour of the building, courtesy of the Downtown Ithaca Alliance.
Here’s our February summary of construction at the Lofts:
Even during these chilly days, work continues inside the Lofts @ Six Mile Creek apartment building in downtown Ithaca. Walking up to the building, the first thing that sticks out is that the building looks like it’s trapped in a bubble. The plastic sheeting is there for the simple reason of it’s winter in Ithaca, and it’s cold. The plastic keeps some of the sting of the wind away, and also seems to be convenient as a drawing surface. The plywood covers holes where doors will lead out to exterior balconies. Lower floors will have Juliet balconies, while upper floors and some lower-level side units will have full balconies.
A closer look shows that the first two floors do in fact have bands of Pella windows installed, separated with bands of sheathing that will eventually be covered by the exterior finishing material. According to the project’s facebook page, interior wall construction for the apartment units is currently underway. Plumbing, most electrical rough-in and fireproofing are complete, the metal frames of the apartment walls already erected; now comes hanging sheet-rock, flooring and ceiling finishes. Apartments will consist of studios, 1-bedroom units and 2-bedroom units, with some of the studios and 1 bedroom units having bonus rooms. Square footage per unit will range from 555 to 1202 sq ft. The facebook page notes that tentative rents will be posted in the next couple of weeks.
The 7-story, 49,244 square foot building will contain 45 rental apartment units. The building is being developed by Cincinnati-based Bloomfield/Schon + Partners, with construction by Turnbull-Wahlert Construction. Completion of the apartments is expected during the second quarter (April-June) of this year, wrapping up the last phase of a 15-year project.