Dozens Ready to Move Into Renovated Johnson City Shoe Factory
The first residents to occupy a massive new apartment complex in Johnson City could be moving into the building within a few days.
The cost of redeveloping the century-old Endicott Johnson Victory Building nearly doubled since the project was announced in December 2020.
The original plan released by Paulus Development of Syracuse called for 108 market-rate apartments with an expected price tag of $30 million. The project was revised to include 156 units with an estimated cost of $55 million. The new plan called for 120 one-bedroom apartments and 36 two-bedroom apartments.
Matthew Paulus had hoped to have the place ready for occupancy by January 1. After that target was missed, Paulus said he expected Victory Lofts to open on March 1.
Paulus did not respond to an email on Friday seeking an update on what remained to be done before people could start moving in.
Local officials have told WNBF News they believe the complex could open on Wednesday. As of Monday afternoon, a certificate of occupancy had not been issued.
The apartments in the restored building are located on the second, third and fourth floors. The fifth floor of the 275,000-square-foot structure is to be used for commercial space. No prospective tenants have been identified publicly.
Paulus Development has acquired another abandoned structure in the neighborhood. A smaller brick building at 19 Avenue B is expected to be transformed into another residential complex.
VIDEO: Look at the condition of the old Victory Building from one year ago. There's been a remarkable transformation of the abandoned factory over the past 12 months.
Contact WNBF News reporter Bob Joseph: firstname.lastname@example.org or (607) 545-2250. For breaking news and updates on developing stories, follow @BinghamtonNow on Twitter.