Groundbreaking Set for $40 Million JC “Victory Lofts” Project
A project to develop 156 apartments at the site of a long-dormant Endicott Johnson factory is moving forward.
A groundbreaking ceremony for "The Victory Lofts" off Lester Avenue in Johnson City is to be held Thursday morning.
Paulus Development and LeChase Construction are working to renovate the massive 102-year-old factory site into a residential and commercial complex.
Syracuse developer Matthew Paulus has said the site will have about 275,000 square feet of useable space.
Speaking on WNBF Radio's Binghamton Now program last November, Paulus said it would be "one of the biggest transformational projects in upstate New York."
Paulus said revised plans called for the creation of 156 apartments with 120 one-bedroom units and 36 with a two-bedroom configuration.
Apartments would be located on the second, third and fourth floors of the old factory building. Commercial space is to be developed on the fifth floor. Parking would be on the first level of the site.
When the project was announced in late 2020, its cost was estimated at $30 million. But the price was revised upward in recent months.
An announcement for the groundbreaking event said the "historic rehabilitation of the EJ Victory Building will revitalize an iconic 'anchor asset' and improve the connection between Binghamton University’s Health Sciences Campus, UHS Hospital and the area to the north of Main Street in Johnson City."
Workers have been busy at the site since last summer doing preliminary work to prepare for major construction operations.
WATCH: A visit to the site of the Johnson City project.
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