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News
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| PPM Buildings Going Solar!
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Solar
panels have been installed on the entire south side of the
roof at 320 Hillview Place. This 100 panel system provides
electricity to 14 apartments at 320 Hillview and the neighboring
514 South Aurora Street. This commercial system providing
solar power for tenants is only the second of its type in
the entire New York State Electric and Gas service area.
Drive
by and take a look! 320 Hillview Place is on South Hill, just
west of South Aurora Street, about five block south of the
Ithaca Commons.
The
buildings are owned by The Aurora Home, LLC, a partnership
of four people - Peter Penniman, Ed Cope, Jan Klotz and Daniel
Tourance. Several of the partners have had a long involvement
with energy efficiency and alternate energy sources, especially
Ed Cope, who lives in a solar and wind powered home in Caroline.
Ed's home is completely off of the NYSEG electric grid.
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This project has been made possible in part by government subsidies for solar power, including a federal grant, a reduced-interest loan, and a partial federal tax credit. Even so, financial projections indicate that electricity from the system will cost a little more than conventional electricity-an amount equal to a one-time 2% increase in rents for the apartments. The owners are confident that there is a market demand for this type of apartment with a green energy source. If not, the owners are willing to absorb that cost as "a small price to pay for a cleaner environment".
To live in one of our "green apartments", please see our listings for 320 Hillivew Place and 514 South Aurora Street. |
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PPM
wins City of Ithaca Pride in Ownership Award
In
2001, Peter Penniman, Jan Klotz and Ed Cope were awarded the
City of Ithaca “Pride in Ownership Award” in the
commercial category, for their work in restoring the apartment
building at 501 North Tioga Street. This award by the City
of Ithaca Common Council is made in cooperation with Historic
Ithaca, Inc. It is given each year to several property owners
who make special efforts to improve their buildings.
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The
building at 501 North Tioga Street suffered from a major fire
in 1999. In restoring the building, property owners Jan Klotz
and Ed Cope went to great expense to replace the extensive
woodwork throughout the building, and also installed beautiful
new kitchens. For more information, please see our apartment
listings. |
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West
Seneca Street project nears completion
PPM Homes is currently renovating eleven apartments
on West Seneca Street in downtown Ithaca. When complete, the
four buildings that are being renovated will “transform
that block” of West Seneca Street, according to owner
Ed Cope.
Located
between Albany and Plain Streets (across from the County Human
Services Building), the most impressive building of the four
is 324 West Seneca Street. Formerly an abandoned historic
structure, PPM has just spent eight months transforming the
building into four beautiful apartments. This project will
certainly be a candidate for a future award from the City!
The last apartment, just completed in October, is now available
for occupancy. It features three bedrooms, two full bathrooms
and a laundry area. For more information, please consult our
apartment listings.
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