Plans are underway to transform a downtown Binghamton rooming house into a modern apartment complex.
The former Dixie Hotel and two other Henry Street properties were sold by Faisal Afify last month. They were acquired by Henry Street Preferred LLC of Monroe for $1,545,000.
John Tager is a partner in the entity that purchased the five-story building called Dixie 2000 in recent years.
More than a dozen people still lived there despite a condemnation order from the city that had been issued months earlier.
Tager said that after the location left, crews began emptying the place in preparation for a major renovation project. He said he expects the job to rebuild the property to cost more than $2 million.
Tager will consult with engineering and architectural experts to develop plans for the apartment complex. The works will include the installation of an elevator in the building. It has not been determined whether the property will be developed for market-priced apartments or student accommodation.
Tager thinks it will take about three or four months to finalize the renovation plans.
Tager said he was excited about the project, noting that the former Dixie Hotel is in the city’s newly designated “Stadium District.” Binghamton officials have been working to redevelop the neighborhood near the city-owned baseball stadium.
Contact Bob Joseph, WNBF News reporter: [email protected]or (607) 545-2250. For the latest story development news and updates, follow @BinghamtonNowon Twitter.
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