High Tide Capital, a historic development group from Bangor, ME has acquired 250 Harrison in downtown Syracuse, formerly the Clinton Hotel, with plans to transform the existing office building into a 35-unit apartment community. We are proud to be managing the property alongside High Tide Capital and are excited for their renovations ahead.

Some of their impressive projects across the Northeast include:

• The Exchange Building, Bangor, ME | 20-unit apartment building occupied by employees of Eastern Maine Medical Center
• The Manwaring, Downtown New London, CT | 16 apartments and 5 townhomes occupied by Connecticut College Students
• The Riverbank, New London, CT | 31-unit apartment building with 3 retail spaces
• The Spinning Mill, Downtown Skowhegan, ME | 41 loft-style apartments

Syracuse is gaining attention from out-of-town developers for projects like this more than ever before. As a tertiary market, it offers a cost of living and business expenses significantly lower than major metropolitan areas, making it an attractive alternative for investors looking to maximize their returns.

Another major driver of this renewed interest is Micron Technology’s planned $100 billion investment in a semiconductor manufacturing facility in nearby Clay, NY. This project is expected to bring thousands of jobs and fuel demand for housing, retail, and commercial space, creating a ripple effect throughout the region.

With affordability, economic momentum, and a growing workforce, Syracuse is positioning itself as a prime destination for developers seeking new opportunities.