Sunday, January 27, 2019

Evolution of the Press building 19 Chenango St Binghamton NY 1904 to 2019 student housing

Evolution of the Press building 19 Chenango St Binghamton NY 1904 to 2019 student housing. The corner of New York nicknamed the Triple Cities has contributed more than its share of prominent names to American business: IBM, General Electric and Valvoline, to name only three. But like so many other once-thriving industrial regions, the area anchored by Binghamton, Endicott and Johnson City has struggled for decades to improve its economic fortunes. Yet the region may still have an ace in the hole: Binghamton University, a state school located eight miles west in Vestal, N.Y. Some 7,000 of the university’s 13,000-plus undergraduates live off campus, constituting a powerful force for the regional economy and its rental housing market in particular. 
The Binghamton Press building was built in 1904 by businessman Willis Sharpe Kilmer and designed by T.I. Lacey and Sons. After damage from a fire in an adjacent building, the former office building was renovated. The Printing House now provides student housing with one- to five-bedroom apartments with modern amenities and furnishings. The Printing House building opened in August 2016. The apartments occupy the former Press Building, which was constructed in 1904. The structure sustained heavy smoke and water damage due to a fire in the neighboring Midtown Mall site in December 2010. The apartment complex has rooms to accommodate about 270 people. 
In the first stage of the Press Building’s latest chapter, Mark Yonaty, a local developer, restored the 92,400-square-foot building, then sold it to an affiliate of Tryad Group, a Brooklyn, N.Y.-based developer, for $2.1 million. The new ownership acquired the adjacent properties at 21 Chenango St. and 25 Chenango St., connected the buildings with a shared basement, and created a 300-bed student housing community. Collectively dubbed the Printing House, the buildings comprise 100,000 square feet of apartment and ground-floor retail space and offer units ranging in size from one to five bedrooms. Located near popular bars and restaurants as well as the campus shuttle service, the Printing House is outfitted with a fitness center, hot tubs, study centers, a gaming room and a barbershop.

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