Last year, Bob and Gail Burns decided to sack the suburbs, trading their Radisson residence for a swanky penthouse apartment on the 10th floor of the Icon Tower in Downtown Syracuse.
They’re two of the 3,600 people who call Downtown Syracuse home – more than the Village of East Syracuse.
The Burns were the first tenants of the Icon Tower, where each of the 89 units are full. From their bedroom window, they can see the State Tower Building, one of the most recent projects to add apartments to the neighborhood.
Michael Falcone of Pioneer Companies invested $41 million into Syracuse’s tallest tower, transforming the iconic office building’s upper 14 floors to include 63 high-end residential units.
“The reality is we’ve got a lot of people who have given up their homes in the suburbs, empty-nesters, and have moved to live here. All of our two bedroom units are gone. They were the first to go.”
Falcone says the interest in downtown living isn’t a bubble about to pop, it’s getting bigger.
“Out of all the upstate cities, and I know that some people in other places might call me out on this, I think Syracuse is way ahead of the curve. It’s so far advanced in its dynamic living environment. It’s engaged, activated.”
The Burns at the Icon Tower are looking forward to new neighbors in the State Tower Building, which is 60% full of tenants.
The State Tower Building is one of the nine stops on the 20