A city-owned site in the center of the downtown Binghamton business district has been sold for a proposed mixed-use building project.

Developer Mark Yonaty has been working for several years to acquire the parcel at Court and State streets for construction of a commercial and residential building.

Speaking on WNBF Radio's Binghamton Now program, Yonaty said the sale of the site has officially closed with a purchase price of $75,000. He said the lot has been secured with some temporary construction fencing.

Construction fencing surrounded the vacant lot at Court and State streets on January 24,2022. (Photo: Bob Joseph/WNBF News)
Construction fencing surrounded the vacant lot at Court and State streets on January 24,2022. (Photo: Bob Joseph/WNBF News)
loading...

Yonaty said final design work for the proposed building is taking place, along with selection of a contractor for the project with an eye toward construction starting in late winter or early spring.

The revised project plans call for two commercial tenants on the ground floor and five luxury apartments on the second floor. Yonaty said Visions Federal Credit Union is expected to be one of the tenants.

The site has been vacant for several years since the Ross and O'Neil buildings were torn down because they posed a safety hazard.

Visions Federal Credit Union may be an anchor tenant of a new building in downtown Binghamton. (Rendering provided by Mark Yonaty)
Visions Federal Credit Union may be an anchor tenant of a new building in downtown Binghamton. (Rendering provided by Mark Yonaty)
loading...
Enter your number to get our free mobile app

Contact WNBF News reporter Bob Joseph: bob@wnbf.com. For breaking news and updates on developing stories, follow @BinghamtonNow on Twitter.

Inside Amazon: A Detailed History of America's Biggest Online Retailer

Stacker compiled a list of key moments in Amazon's history and its current business from a variety of sources. Here's a look at the events that turned an online bookstore into a global conglomerate and a self-made entrepreneur into the world's second-richest man.

LOOK: Food history from the year you were born

From product innovations to major recalls, Stacker researched what happened in food history every year since 1921, according to news and government sources.
 

LOOK: Here is the richest town in each state

Just saying the names of these towns immediately conjures up images of grand mansions, luxury cars, and ritzy restaurants. Read on to see which town in your home state took the title of the richest location and which place had the highest median income in the country. Who knows—your hometown might even be on this list.