The ability to think big and make a space work within the box vs. outside opens new doors to a top-floor expansive space for Marisa’s Fortress of Beauty in Downtown Syracuse’s Armory Square. Kristen Nave and Ben Lewis of Sutton Real Estate Company, LLC. recently represented the landlord in a creative 3,700 SF long-term lease of a 3rd-floor office to retail conversion space at 301 West Fayette Street.
Office-to-retail conversion spaces are a great way to think inside the box when looking for commercial spaces. NYC has had multi-level retail, mixed-use spaces for years, and it’s fantastic to see this happening in Downtown Syracuse. The Armory Square area is densely populated with residential apartments, a retail shopping experience, and fine dining options.
According to the 2022 Downtown Syracuse Development Forecast provided by the Downtown Committee of Syracuse…
“In 2022 alone, 22 projects totaling $180 million will create 312 new housing units, at least six new corporate headquarters, and enhanced arts and cultural facilities in the central business district.”
For Marisa’s, the decision to move a salon from the ground level to an upstairs space was easy. The expansive 3rd-floor space provided the room the salon desperately needed while providing each stylist with individual rooms, plus opportunities for expansion. Stairs or an elevator help customers easily access the Salon from the ground floor.
Tenants of 301 West Fayette Street
The historic Crown Building on the corner of West Fayette and Franklin in Armory Square currently includes Kitty Hoynes Pub & Restaurant on the ground floor, hiline powered by Gardner & Capparelli on the second floor in Class A office space, and now Marisa’s Fortress of Beauty on the top floor.
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New York Real Estate Journal