Durkee Street Real Estate Market Analysis

The City of Plattsburgh retained the team of Camoin Associates and The Chazen Companies for assistance in completing a feasibility study for the Durkee Street development area. Durkee Street is located in Plattsburgh’s downtown district and is one of the last publicly owned sites available for development in the city.

Through data analysis and interviews with local and regional officials, business owners and other stakeholders, Camoin found that the Durkee Street site was well positioned to attract development potential. Its location on the Saranac River provides opportunities to interact with the city’s natural resources and historical elements; competitive real estate price points in the city render the location attractive to outside investors; and the site’s connectivity to the rest of Plattsburgh’s urban core is a unique chance to develop a project that provides a strong sense of place. However, the site is not without challenges - maintaining parking for the region’s car centric culture is a concern, while the downtown has to continue to promote itself as “open for business” 7 days a week to draw in local residents and tourists. Camoin’s analysis was crucial for the City to move forward in discussions with potential development partners.

Project Highlights

  • Stakeholder interviews
  • Economic Base Analysis
  • Real Estate Analysis
  • Community outreach at public events 

Real Results

The Durkee Street site was the focus of the City’s Downtown Revitalization Initiative application submitted in the Summer 2016 – and the future looks bright for the city and for the site, as Plattsburgh was awarded $10 million as the DRI’s North Country winner. The market analysis we completed for the property was submitted as part of the City’s application and showed the review committee that there is latent potential just waiting to be tapped in this market. 

Contact Information

120 West Avenue, Suite 303
Saratoga Springs, NY 12866
518.899.2608
info@camoinassociates.com

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