The Post Standard has a nice piece on COR Development, the firm known throughout CNY for its many projects, especially in the Inner Harbor area of Syracuse. COR is also the developer of Mercy Heights, the mega project in downtown Watertown that will be transforming the city center here.
Their first entry into NNY was out in the Town of Watertown when shopping centers were built.
The melding of political connection and development has allowed projects to happen where they wouldn't otherwise, and my experience with COR was they do what they said they would.
Mercy Hospital and related blight is gone now and redevelopment is slated to be outlined later this year.