The Royce Residence has 305 units consisting of studios, one bedroom and two bedroom apartments which is designated affordable housing development for multifamily. The property is located in Downtown Syracuse in the Armory Square Area near the newly gentrified portion of the City. The Armory is located around the corner and the entire Armory corridor has been rehabilitated with new hotels, market rate housing, newly constructed office space and restaurants. Mass transit is located directly across Clinton Street for easy access for the residents. The Armory Square area is alive with a wide diversity of shopping, award winning restaurants and historical landmarks that are within walking distance of the site.