Syracuse developers: We don't want to miss out on Utica


UTICA, N.Y. (WKTV) -- Developers from Syracuse say Utica is rebounding and it's an opportunity they didn't want to miss out on.

Following a lot of positive economic news with Nano Utica and Harbor Point, Utica Mayor Robert Palmieri was excited to announce Thursday that Summit Realty Management bought the former MetLife building in the Utica Business Park.

"National, regional and local companies at this point see the city as a vibrant attraction to economic development," said Mayor Palmieri.

In just a few months, the vacant rooms and deserted halls will be bustling again.

"These two would not be here if there was not going to be a return. I think they see something I've seen for a while, but now it's starting to manifest itself," said Mayor Palmieri.

The first one is ORBCOMM, a communication business that monitors machinery using satellites world-wide. Once they move in, they'll be looking to hire five engineers.

Summit Realty Management will also be hiring local construction companies and using local materials to refurbish the building and property.

The Utica Business Park has other vacant buildings. When asked if he was hoping this would inspire other developers, Mayor Palmieri was quick to say, "I'm not hoping. I know it will, I absolutely do."

Summit Realty Management says their work here isn't done.

"There's a momentum in this area and we've made this investment and it's our intent and our expectations that we'll continue to look for other opportunities in the Utica area," said John Murphy, President of Summit Realty Management.

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