JC “Victory” Building to Have More Apartments than First Planned

A developer says several dozen additional apartments will be part of his project to transform an old Johnson City shoe factory into a residential and commercial complex.

Matthew Paulus of Syracuse says the plans for the Victory Building project have been revised to include 156 apartments. Paulus originally proposed 108 units in the massive building at 59 Lester Avenue.

The updated design calls 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 was added to the project.

Speaking on WNBF Radio's Binghamton Now program Wednesday, Paulus said the job will be "one of the biggest transformational projects in upstate New York." He said the complex will have about 275,000 square feet of useable space.

Paulus said the plans for apartments on the second, third and fourth floors of the five-story building. He said the ground level will 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 that had been estimated when it was announced last December. He said he now expects the total cost will be closer to $40 million.

Paulus said he still hopes the complex could be open in early 2023.

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.