mobileCommunity Calendar Broome A to Z Economic Development Community Calendar

Broome County Seeking Buyer to Redevelop “The Victory Building”

Broome County Seeking Buyer to Redevelop “The Victory Building”

(JOHNSON CITY, NY) Broome County today announced that it is seeking proposals for the purchase and development of the county-owned property of 59 Lester Ave., Johnson City.

 

The site, known as the Victory Building, is a part of the Johnson City innovation district (iDistrict). The building is visible from Route 17 (the future I-86) and near several major development projects currently underway including the sites of Binghamton University’s new pharmacy school and the new location for the nursing school.

 

The county will be issuing a Request for Proposals (RFP) on August 23 to request proposals to purchase and redevelop the property. The winning proposal will be chosen on several criteria including, but not limited to, total proposed investment and leverage fund, offered purchase price, financial strength, success of similar projects of size and complexity and proposed timeline.

 

 

The Victory Building opened in 1921 as a factory for the Endicott-Johnson (EJ) Shoe Manufacturing Company. In the 1970s, EJ left the building and it was eventually purchased by a private owner and used for car and boat storage. Broome County took possession of the property in 2014 as a part of a tax foreclosure for unpaid property taxes.

 

The industrial-zoned building is 253,400 square feet and the property is approximately 4.13 acres on three parcels. It has five floors with 46,400 square feet each, a 20,000-square foot loading dock and a 1,400-square foot penthouse.

 

A code review was completed this summer by Delta Engineers and the building was found fundamentally sound.

 

Proposals for 59 Lester Ave. will be received until September 27. Questions regarding the RFP can be directed to Tyler West, Director of Purchasing, at (607) 778-2382.

 

 

08/17/2017 - 12:16pm