Three prospective developers have submitted proposals for a city-owned site in the center of downtown Binghamton.

Mayor Richard David says two local parties and one from New Jersey have outlined plans for the property at the southeast corner of Court and State streets.

Speaking on WNBF Radio's Binghamton Now program, David said one of the developers envisions a 12-story mixed-use building on the site. That plan includes the possibility of "high-end lofts with amenities" with a combination of retail and commercial uses at the street level.

One of the other proposals calls for a two- to three-story office-retail structure. Under the third plan, a five-story building could be constructed.

The mayor said he and other city officials are starting to review the proposals. He said discussions are planned with the prospective developers.

David noted a twelve-story building would be one of the tallest buildings in Binghamton. The former Press Building on Chenango Street is twelve stories tall. The Binghamton State Office Building on Hawley Street is eighteen stories tall.

The mayor said development on the site would "significantly improve" the downtown district. He declined to identify those who submitted proposals.

The property has been vacant since the O'Neil and Ross buildings were demolished after they threatened public safety.

David said he hopes a decision on a redevelopment plan for the site can be made by the end of the year.