Sutton has recently announced construction has started on the renovation of Valley Vista Apartments, a seven story apartment project located in the Valley neighborhood of the City of Syracuse. Renovations at Valley Vista include new windows, upgrades to the heating & air conditioning system, new kitchens and floor coverings, common area improvements and the conversion of seven apartments to fully accessible ADA apartments. Construction financing was provided by Chase Bank and is expected to take approximately 18 months.
Valley Vista Apartments obtained permanent financing from the New York State Housing Finance Agency and equity financing from Boston Financial Investment Management. The project is being developed by Sutton and Edgemere Development. Architeam is the project architect and Rich & Gardner is performing construction. Part of the redevelopment project included the sale of the property from Valley Vista Associates to Valley Vista, LLC. Sutton Real Estate exclusively represented Valley Vista Associates.