The historic 208,000 sqf R.E. Dietz lantern factory building in Syracuse has been purchased by a public-private partnership collaboration for $19 million. The partners include developers Bradford & Euclid LLC, the Community Preservation Corp., New York State Comptroller Thomas P. DiNapoli, Chase Community Development, Pathfinder Bank, NBT Bank, New York State Office of Parks, Recreation and Historic Preservation, Onondaga County and others. Located in the Park Avenue neighborhood at 225-303 Wilkinson St., the building will be converted into 92 rental apartments and 37,500 sqf of office space. The new development will be known as The Dietz and will feature 68 one along with 21 two and three three-bedroom units. Work on the project began this fall. The apartments are expected to be ready for occupancy by August 2017.
