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Binghamton apartment complex adding downtown units with focus on one-bedrooms, lofts (Binghamton) logo (Binghamton) 6/15/2022 Chris Potter, Binghamton Press & Sun-Bulletin

A downtown Binghamton apartment complex is planning to add a dozen new units through a mix of new construction and the repurposing of existing space.

OCSH Binghamton Holdings, owners of The Club on Washington at 257 Washington St., aims to grow from 13 market-rate apartments to 25 during a $756,560 renovation project. The developers applied for small business incentives through the Broome County Industrial Development Agency, and on Monday The Agency’s Governance Committee approved sales tax exemptions for the project up to $37,176 over 12 months.

The project includes the conversion of existing apartments into one-bedroom units and studio apartments, and the construction of five new studio apartments in the lower level of the building.

The two-story brick structure at the corner of Washington and East Clinton streets once served as the Binghamton Boys Club, and later the Binghamton Boys & Girls Club when the national nonprofit changed its name.

It was built in 1926 as the Eagles Club Lodge, according to city planning reports. OCSH Binghamton Holdings bought the property in 2009, when the club moved to a new facility on Clinton Street.

The renovation project also includes construction of a community room, window replacements, installation of heat pumps in the renovated apartments and new studios, a modernized control access system, and new roofing and doors on the south side of the building.

The majority of the current apartments on-site are multi-bedroom units. OCSH Binghamton Holdings has experienced difficulty filling those units and elected to convert the entire building into a mix of one-bedroom units and studio apartments better suited to meet the demands of the market.

“I have four one-bedroom units that are always full, are always rented,” said developer Kevin Finley. “That’s one thing that’s hurting me from an operational and economic return. My vacancies on the large units are way too high. It’s above 30%.”

Finley noted The Club on Washington does not rent to undergraduate students, but is popular with postgraduate students, medical students doing clinical rotations and doctors in residency. Finley said the one-bedroom units downtown have also proven attractive to government employees, engineers, lawyers and self-employed individuals.

“The vacancy rate right now is very low for these kinds of amenities,” said Stacey Duncan, Executive Director of The Agency.

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The vote on the sales tax exemptions for the project moves from the Governance Committee to the full board on Wednesday.

The Club on Washington units feature hardwood floors, modern kitchens and bathrooms, and energy-efficient LED lighting. Some have exposed brick and steel beams in the industrial chic aesthetic.

Chris Potter can be reached at or on Twitter @ChrisPotter413To get unlimited access to the latest news, please subscribe or activate your digital account today.

This article originally appeared on Binghamton Press & Sun-Bulletin: Binghamton apartment complex adding downtown units with focus on one-bedrooms, lofts


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