Syracuse, N.Y. – Syracuse Mayor Ben Walsh announced that the former Syracuse Development Center campus, the long vacant 48-acre property seized by the City for back taxes last year, is officially on the market for sale. The west side site is listed with commercial brokerage firm, Cushman & Wakefield/Pyramid Brokerage Company, which was selected in a public request for proposals to market and sell the property.
The property, located at 800-802 Wilbur Avenue next to Tipperary Hill, includes more than 600,000 square feet of buildings. Mayor Walsh authorized seizure of the property from Syracuse Center LLC, which owed $887,237.13 in back taxes, including interest and penalties going back to 2015.
“This is a prime piece of real estate with close proximity to major transportation routes and the downtown area. It has tremendous potential to positively contribute to our economy and our neighborhoods,” said Mayor Walsh. “We acted decisively to address the public safety problems the site was creating. I’m looking forward to this next phase in redeveloping and restoring activity to the site.”
The City and Cushman & Wakefield/Pyramid Brokerage Company said they are seeking proposals for investment that will have a positive impact on surrounding or adjacent neighborhoods, as well as the rest of the City. A formal asking price has not been set. All proposals for the full or partial redevelopment of the Property’s Campus will be considered allowing for subdivisions and investment by multiple developers and end-users.
All letters of interest and offers are to be submitted though Cushman & Wakefield/Pyramid Brokerage Company. The site was listed in mid-August, and proposals will be accepted prior to Oct. 15. Further information on the property available at https://www.pyramidbrokerage.com/properties/listings/details/Y16966/800-wilbur-avenue-syracuse-ny-former-sdc.