The Deys Building, located in the heart of Downtown Syracuse at 401 South Salina Street has added 16 new luxury apartments, on top of the already existing 45 luxury apartments that were opened in 2010. The first set of apartments will be move in ready on March 1, 2016. The second set of apartments have a tentative move in date of July 1, 2016.
Apartments range in size from 1,395 square feet to 2,150 square feet.
Pricing for the new units range from $1,500 to $2,100 per month
A full compliment of kitchen appliances,...
For property developers Rich DeVito and Bob Doucette of Paramount Realty, the motivation for taking on large scale renovations of downtown Syracuse’s previously empty buildings was this:
“We wanted to make money,” says DeVito flatly, though Doucette chuckles at the simplicity of the answer. “It’s where the market is,” DeVito goes on to say.
And make money they did.
The pair took the former Dey Brother’s department store in Syracuse two years ago and turned it into upscale apartments with a few office suites.
Its residential units...