Theory Ithaca

About Theory Ithaca

Theory Ithaca is a new apartment development located near Cornell University in downtown Ithaca, NY, aimed to serve Cornell graduate students, university affiliates, and the greater Ithaca community. This project marks the continued expansion of Peak and Blue Vista’s Theory-branded development portfolio in major university markets. Construction financing for Theory Ithaca was provided by Kennedy Wilson.

Upon completion, Theory Ithaca will be comprised of 371 units and 518 beds, offering studio through 3-bedroom floorplans, and 239 parking spaces. The development, scheduled to open for the 2027 academic year, will feature a market-leading amenity package, including rooftop terraces, modern study lounges, a luxury fitness center, and direct access to nature along Six Mile Creek.

"The Cornell University market is one of the most undersupplied student apartment markets in the country especially for graduate students. Theory Ithaca plans to serve this unmet demand with an exceptional project in an irreplaceable location in between Cornell's campus and downtown Ithaca."

- Jeff Githens
President | Development

Project Detail

371 Units
518 Beds
239 Parking Spaces
7-story mid rise

Duration

  • Construction started April 2025
  • August 2027 Completion

Services Performed

  • DEVELOPMENT
  • FINANCING
  • MANAGEMENT