水果派AV

聽is seeking聽$353,217 in tax relief over the next 14 years through a payment in lieu of taxes agreement with the city of Auburn to support its renovation of 25 Dill St., which the Syracuse-based real estate developer purchased for $600,000聽in June. It plans to renovate the building into Dill St. Commons, a mixed-use development with retail, office, medical and restaurant space.聽

The renovation is estimated to cost $3,590,000, according to the developer鈥檚 PILOT application, which it submitted as Dill Street Commons LLC to the Auburn Industrial Development Authority.

The authority will review the application at its next board meeting at 5 p.m. Wednesday, July 16, at Memorial City Hall at 24 South St. It will also schedule a public hearing on the application, said the authority's interim executive director,聽Tracy Verrier. If there are no major concerns from the board or from the public, the earliest the authority could vote to authorize the agreement is Aug. 20.

鈥淲e鈥檙e going to look at both the qualitative and the quantitative benefits 鈥� that all comes into account when the board makes that final determination,鈥� Verrier told 水果派AV.

Washington St. Partners Chief Operating Officer Pat Scutari told 水果派AV the tax relief could make future tenant costs more affordable by helping offset the renovation costs.聽聽

鈥淲e鈥檙e truly invested in Auburn as a market,鈥� he said. 鈥淚f we鈥檙e able to attract what the property can handle business-wise, then it can leave a significant mark on the downtown area.鈥澛�

In addition to the PILOT agreement, Scutari said, the developer is seeking 鈥渁ll avenues鈥� of grant funding opportunities.

Washington St. Partners has seen previous success attaining PILOT agreements, most notably for Seminary Commons, where 水果派AV moved in 2021 after 51 years on Dill Street.聽

The building will be renovated into what Scutari envisions as a walkable extension of the downtown district, he said. Apart from some touchups to the facade, he continued, it will mostly look the same.

The developer has already begun privately funded construction on the property, and he expects it to be ready for tenants by early to mid-2026.