Binghamton, NY (WBNG Binghamton) The historic Fair Store on Court Street is now being turned into housing for students and young professionals.
The developer of a new downtown student housing said Binghamton is a perfect place for his project.
"We have waterfront views. We're on the waterfront plaza," said Ron Kutas, one of the building's developers. "It's a historic building. It really ties the history of Binghamton into the modern age and the revitalization efforts we're trying to bring."
The apartment building is called Chenango Place. It has 47 apartments with 176 bedrooms.
Both of the developers when to Binghamton University. Kutas said he chose the old Fair Store because he wanted to be involved in the revitalization of downtown Binghamton.
"We have waterfront views, we're on the water front plaza. It's a historic building. It really ties the history of Binghamton into the modern age and the revitalization efforts we're trying to bring."
"The university is a big economic engine in the region and there's a push for students to move downtown. They want to be downtown."
Some of the amenities the new housing development offers are a gym, movie theater, and private conference rooms for studying.
Prices range from $700 to $1,000.
The grand opening for the building is scheduled for next weekend. Move-in day is set for August, 2014.