The announcement of Mircon investing $100 billion over the next 20-plus years in Onondaga County has sparked renewed interest in available land in surrounding areas where we lack housing – specifically multi-family housing. Upstate New York’s housing currently can’t support the nearly 50,000 jobs statewide promised to be created by the end of this decade. Securing land and real estate in Onondaga County and beyond is an opportunity to consider heavily for investors and developers in Upstate NY.
The announcement of Mircon investing $100 billion over the next 20-plus years in Onondaga County has sparked renewed interest in available land in surrounding areas where we lack housing – specifically multi-family housing. Upstate New York’s housing currently can’t support the nearly 50,000 jobs statewide promised to be created by the end of this decade. Securing land and real estate in Onondaga County and beyond is an opportunity to consider heavily for investors and developers in Upstate NY.
Absolutely agree Timothy! Syracuse has great potential for any sort of investing possible. There are currently a few efforts to revitalize some communities via business owners and community members!
In the tranquil landscape of Upstate NY, the quiet allure of vacant land listings may sometimes go unnoticed due to apprehensions surrounding profitability and the considerable investment required to prepare the land for development. From surveying and planning to obtaining permits and architectural design, the journey to make the land shovel-ready demands time and energy.
However, the proximity to upscale gated developments presents a delightful opportunity to enhance the value of the land.
Share your insights on how these factors influence investment decisions in Upstate NY Real Estate.