Developer Plans to Use Binghamton’s Perry Building for Housing
Two well-known buildings on Court Street in downtown Binghamton may be converted into apartment complexes.
A representative of Blue Water Capital Group of Washington, DC said plans are being developed for market-rate housing at the historic Perry Building and the former CVS building.
Details of the projects were not discussed during a meeting of the city planning commission last week.
Blue Water Capital Group is in the process of selling residential properties on Murray Street, Chapin Street and Ayres Street on the city's West Side.
Blue Water was seeking approval to convert the buildings into congregate living facilities. The properties are being sold to raise cash needed to acquire the Court Street buildings.
The Perry Building is located at 89 Court Street near the downtown roundabout. Broome County historian Roger Luther has described it as "one of the most recognizable and distinctive buildings" in the city. The cast iron building, which was designed by Isaac Perry, was featured in the 1991 film Liebestraum.
CVS Pharmacy and other drug stores had operated at 34 Court Street for 97 years. The CVS location went out of business in November 2021.
Real estate agents for both Court Street properties confirmed that they are under contract.
Blue Water Capital Group officials could not be reached for comment to elaborate on their plans if they do acquire the two buildings.