$3M Grant Approved for 102-Unit Clinton Street Apartment Complex
Plans to develop a big apartment building in Binghamton's First Ward are moving forward after New York state agreed to provide nearly $3 million for the project.
State officials on Tuesday announced the project at 187 Clinton Street would receive support as part of the Restore New York Communities Initiative.
According to the grant announcement, the proposed project would develop the vacant site "into a multi-story building with 102 affordable rental units."
The planned complex would include amenities for building residents and what the state announcement described as "complimentary commercial tenants."
Mayor Jared Kraham said in an email the project is part of Binghamton's Clinton Street Revitalization Plan and submission of the Downtown Revitalization Initiative. The city has yet to learn whether it will be chosen to receive a DRI award.
Kraham said the housing project is planned for the 3.9 acre site. He said the development would include commercial space on the building's first floor.
Brownfield remediation work would be conducted on the site, which at one time was home to a Department of Motor Vehicles office operated by Broome County.
The mayor said the housing would cosist of a mix of 1, 2 and 3-bedroom units. He said the total cost of the project would be "roughly $40 million."
Kraham said the project is contingent on affordable housing tax credits and subsidies from the state. He said the just-announced award from the Restore New York program "is a huge boost for the project."
The land to be used for the apartment complex is owned by FRGK Realty LLC, which is linked to Rogers Service Group. Michelle Rogers, Rogers Service Group president, could not be reached for comment Wednesday.
Rogers Service Group in 2019 had outlined plans to construct a 30,000-square-foot storage building on the Clinton Street site. Ron Rogers had said the company had "outgrown the space" it had been using to store records. The new storage facility was never built.