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Tax breaks OK’d for $16M project to turn old Syracuse bread factory into apartments - syracuse.com

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Syracuse Bread Factory 2021

Three developers have proposed turning the upper floors of the former Syracuse Bread Co. building at 200 Maple St. in Syracuse into market-rate apartments and the ground floor into commercial space.Rick Moriarty | rmoriarty@syracuse.com

Syracuse, N.Y. -- A $16 million transformation of a former industrial bakery on Syracuse’s Eastside into apartments and commercial space is getting nearly $730,000 in tax breaks.

The Syracuse Industrial Development Agency recently approved a mortgage tax exemption valued at $63,000 and a sales tax abatement valued at $666,880 for the project at the former Syracuse Bread Co. building at 200 Maple St. in Syracuse.

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Tax breaks OK’d for $16M project to turn old Syracuse bread factory into apartments - syracuse.com
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