Syracuse, NY – Two vacation rentals offering luxury stays starting at $ 365 a night have opened in a historic Armory Square building, among the first of their kind in Syracuse.
The Villas at The Stoop opened last week on the top two floors of the building that once housed The Stoop Kitchen restaurant and bar and The Stoop Bakery Cafe at 311 W. Fayette St.
Rates start at $ 365 per night for the smaller of the two units (1,400 square feet) and $ 425 per night for the larger (1,600 square feet).
That’s a lot for the Syracuse market, but customers get what they pay for.
Both units have two bedrooms on the second level, with a king bed in one and two twin beds in the other.
The smaller unit has two full bathrooms and a 100-inch TV, while the smaller has a one-and-a-half bath and a 75-inch TV.
Both are fully equipped with local coffee, a bottle of wine, local craft beer, William Sonoma hand and dish soap, high-speed WiFi, and free Netflix.
Each also has a spacious kitchen and a living room on the first level.
Custom-designed furniture by Miller’s Crossing Designs, of Baldwinsville, adds to the upscale look, as does artwork by local artist Jacqueline Colello adorning the brick walls of the units. The architects on the project were in-Architects, of Syracuse.
Each unit features original brick walls and paintings by local artists.
There is also free parking in the nearby Atrium garage.
Developer Steve Case, founder of Acropolis Development, purchased the vacant building shortly after The Stoop Kitchen and Cafe closed in 2019. At the time, he planned to turn the second and third floors into apartments.
âThe downtown lifestyle is coming back,â he said. âPeople love the ability to walk to shops and restaurants and be part of the downtown resurgence.â
At the start of the year-long construction project, he enlisted designer and real estate agent Rebecca Ewald for her staging and interior design advice.
Ewald said she quickly realized the Stoop would be an ideal location for Airbnb units to provide a luxury setting for visitors on short stays in Syracuse.
Luxury vacation rentals, also known as short-term rentals, have been common in major cities and tourist spots for years, but they are not common in Syracuse. Ewald said she thought it was time for that to change.
Short term rentals carry a higher risk for owners as there is no guarantee that they will be rented every night. But they also offer higher potential returns, due to the higher room rates they command, Ewald said.
The target audience of the two units? Mainly parents of Syracuse University students willing to pay extra for a premium stay.
âA lot of parents want Armory Square, not the Hill (SU), and students can stay with them here,â Ewald said.
“It’s in the right place,” she added. âIt’s big. You don’t need anything when you walk in. You’re ready.
Other likely guests are fans from SU and other universities who come to Syracuse for a game of basketball or football, she said. Business travelers are also a target market for rentals, she said.
In addition, plans are underway to offer additional packages for events such as bachelorette parties, including catering and party decorations, and chef parties, during which a local chef comes in. the apartments to prepare meals for the guests, said Ewald.
Both units are available for rent through the Airbnb and The Villas at The Stoop website, www.thevillasatthestoop.com. A commercial tenant is sought for the space on the ground floor.
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