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Residences at North Depot: Binghamton, NY
1 North Depot St
Binghamton, NY 13901
Regan Development Corporation is redeveloping Residences at North Depot, an affordable residential multifamily building with 50 dwelling units through the adaptive reuse of a historic building at 1 N Depot Street in downtown Binghamton.
The development involves the rehabilitation of a single five-story elevator building with 50 dwelling units, including studio, one-bedroom, and two-bedroom apartments. The apartments will be affordable to individuals and families with incomes up to 80 percent of the Area Median Income (“AMI”) for Broome County. To serve our residents, the development will have one apartment to be occupied by a live-in building superintendent.
The building design offers superior quality and condition with high quality finishes and amenities while preserving the building’s historic façade and architectural features. The approximately 52,534 square foot building will receive a full interior rehabilitation, including new electrical, plumbing, and all-electric HVAC systems and comprehensive building envelope upgrades. It will include an elevator, a community room, and on-site parking exclusively for residents. The property is located in downtown Binghamton, near the BC Transit Center, major downtown employers, healthcare facilities, schools, and childcare services.
The project has been accepted into the New York State Department of Environmental Conservation’s Brownfield Cleanup Program, and environmental remediation will ensure the site is safe for residential use. The project will be fully electric and will participate in Enterprise Green Communities. It will also apply for Clean Energy Initiative (CEI) funding through NYSHCR and will utilize high-performance insulation and windows and Energy Star-rated all-electric systems and appliances.
Regan Development is proud to work with the State of New York, Broome County, the City of Binghamton, and Community Preservation Corporation on this exceptional development in Binghamton, NY.