Redevelopment Update on The Student Agencies Building
Early this summer, Student Agencies began construction of the significant redevelopment of 411 and 415 College Ave. The Student Agencies Building, expected to open early August 2021, will include 56 residential units and 2 commercial spaces in the basement and first floor. This new building will be an exciting opportunity for Student Agencies employees to gain an exceptionally unique experience in property management, while also giving Cornell students access to state-of-the-art, high quality accommodations only steps away from campus.
So far, highlights from the construction include the completion of the structural steel for the first three floors and the second floor wall panels. At this stage, the stairwell and elevator modulars (seen on page 7) are also finished and show the full height of the building. We are pleased to announce that the construction is currently on time with no indication of delays to the schedule thus far. On the residential leasing side, heading into the December break, the new building is very close to 95% leased. This strong performance is a testament to the value that tenants place on the high-quality amenities, proximity to campus, 10-month leases and modern design. This success would not have been possible without the efforts of the redevelopment team who have done an exceptional job marketing the building and communicating with interested students. Student Agencies is also in discussions with potential tenants for our desirable commercial spaces on the first floor and basement. We hope to be able to share details on these developments soon. We also encourage you to read The Cornell Daily Sun article on The Student Agencies Building and watch the construction progress at the Barry-Cam.