A developer says several dozen additional apartments will be part of its plan to transform a former Johnson City shoe factory into a residential and commercial complex.
Matthew Paulus of Syracuse says plans for the Victory Building project have been revised to include 156 apartments. Paulus originally offered 108 units in the massive building at 59 Lester Avenue.
The updated design provides for 120 one-bedroom apartments and 36 two-bedroom units. The developer says the apartments will be the same size as originally planned. An additional floor of residential units has been added to the project.
Speaking on WNBF radios Binghamton now On Wednesday, Paulus said the work will be “one of the biggest transformational projects in upstate New York.” He said the complex will have approximately 275,000 square feet of usable space.
Paulus stated the plans for apartments on the second, third and fourth floors of the five-story building. He said the ground floor would be used primarily for parking and the fifth floor would be designated as commercial space.
The developer said the cost of the project has risen from the $ 30 million estimated when it was announced last December. He said he now expects the total cost to be closer to $ 40 million.
Paulus said he still hopes the complex can be opened in early 2023.
Contact WNBF News reporter Bob Joseph: [email protected].
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