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On the 300,000 sq. ft. property, the Onondaga County Justice Center houses 9 floors, each with different rooms and facilities per floor. [2] Many features were included in the design of the building, such as underground tunnels, security systems, an infirmary, laundromat, library, dining hall, penthouses, and more.
The property owner in this case signs a property management agreement with the company, giving the latter the right to let it out to new tenants and collect rent. The owners don't usually even know who the tenants are. The property management company usually keeps 10-15% of the rent amount and shares the rest with the property owner.
[1] [2] Its first owner was Clarence Hills, who, back in 1910, had founded one of the largest real estate companies in Syracuse. The building is a contributing property within the Montgomery Street–Columbus Circle Historic District in Downtown Syracuse since its creation in 1980.
Pyramid Management Group (also known as The Pyramid Companies) is an American real estate development company founded in 1968 by Robert J. Congel. It is the largest privately held shopping mall development firm in the Northeastern United States , with a large concentration on New York State . [ 1 ]
SMG, formerly Spectacor Management Group, was an American worldwide venue management group headquartered in West Conshohocken, Pennsylvania, that specialized in managing publicly owned facilities. It began their operation in 1977 with management of the Louisiana Superdome. It was one of the largest property management corporations in the world. [1]
Hotel Syracuse is located a block and a half away; a revamped Hotel Syracuse could serve as a convention center hotel. [13] In 2014 Ed Riley acquired the Hotel Syracuse. In 2015 he began a $57 million restoration project in [14] which gave the hotel 261 new guest rooms and returned all the major historic spaces to their former grandeur. [14]
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