Acquired out of foreclosure from the Resolution Trust Corporation, Presidential Plaza in Syracuse, NY, consists of Jefferson Tower, a 260-unit luxury apartment building with 12,000 square feet of retail and office space; 600 East Genesee Street, a 54,000 square foot medical office building; and 550 East Genesee Street, a 21,000 square foot general office building.

From 1995 through 1998, over $1.5-Million was invested in the properties in capital improvements. Since then, occupancy rates have been maintained at close to 100% in all markets.

Originally purchased for $3,000,000 the Presidential Plaza is now valued in excess of $9,000,000.

550 Harrison Center is a 100,000 square foot medical complex in downtown Syracuse, NY. Sutton accomplished the redevelopment and turnaround of this property from a defunct mini-mall into one of the premier medical office buildings in Central New York. A principal tenant, Harrison Center Outpatient Surgery Center, the first multi-specialty, privately owned ambulatory surgery center in New York State, was developed and syndicated by Sutton. The real estate itself, purchased for $875,000, is now valued at over $17-Million.

Originally developed as 125,000 square feet of Class A office space in downtown Syracuse, with a parking garage of 210 spaces, the property was purchased and syndicated by Sutton, in a changing market, and ultimately renovated and converted into the University Health Care Center, the ambulatory care facilities of the SUNY Upstate Medical University. Purchased for $6.4 million , the property is now valued in excess of $14-Million.

Under contract to Crouse Hospital, Sutton managed the development of the 100,000 square foot Crouse Physicians Office Building, including design, syndication of the equity to participating physicians, negotiation of construction and permanent financing, supervision of construction, and management of the completed facility. Most recently, Sutton negotiated the purchase of the Hospital’s general partner position and the fee interest in the land (replacing a long term ground lease). Now entirely in the control of private interests, the Crouse Physicians Office Building continues to perform as one of the most successful real estate ventures in the history of Central New York, with Sutton as managing agent and co-manager of the Limited Liability Company.

Sutton acted as development and financial consultant to the Northeast Center for Special Care, a 280-bed facility dedicated to the rehabilitation of brain-injured persons. Located in the Hudson Valley, the Northeast Center for Special Care is the first such facility in New York State and one of the largest facilities of its kind in the world.

Under contract to Loretto, the largest provider of services to the elderly in Central New York, Sutton acted as development and financial consultant in the creation of a geriatric/health care/community center project in Utica, NY, consisting of a 120-bed skilled nursing facility, 156 beds of enriched housing, a 50-person adult day care center, 30,000 square feet of primary care medical services, and a 40,000 square foot community center, located in and adjacent to a renovated and redeveloped 350,000 former high school facility. The project financing included a $19.2-Million loan guarantee from HUD, $3.9-Million from the City of Utica through the Section 108 Loan Program, and contributions and loans from Utica-based foundations and banks.

Sutton, in joint venture with its architect partner, developed Schuyler Ridge, a 120-bed skilled nursing facility in Clifton Park New York. Originally under long-term lease, the facility has recently been sold to the Seton Health network, its not-for-profit operator. The innovative, non-institutional design for this facility, received with enthusiasm by the New York State Department of Health, is being replicated in other projects in New York State. Schuyler Ridge operates at full capacity, and expansion is likely.

Sutton joint ventured development of the first skilled nursing facility in the United States Virgin Islands. Sea View is an 80-bed facility with site and design considerations allowing for expansion to 120 beds.

Originally developed as subsidized housing and operated under a Section 221d(3) Regulatory Agreement with the Department of Housing and Urban Development, Genesee Gardens is a unit garden apartment project in Auburn, NY. Sutton, the property manager for more than three decades, has recently negotiated the purchase of the general and limited partnership interests and is undertaking the renovation of the property and its conversion to conventional, market rate housing. On completion, Genesee Gardens will be transformed into the premier apartment address in Auburn, at the heart of Central New York’s Finger Lakes region.