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JOHNSON CITY REVITALIZATION: Vacant Dollar Store Comes Down, Apartments Go Up

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JOHNSON CITY, N.Y. -

While construction cones surround the future site of the Binghamton University Nursing School, around the corner another redevelopment project is just getting underway. The vacant Dollar Bazaar store on the corner of Grand Ave and Sherman Street is being torn down and replaced with a 24 unit apartment complex.

"This lot I drove by literally three years ago and I said 'that's a good thing to buy,'" says Praveen Kamath, Managing Member of AOM Investments LLC.

Back then, Kamath says the Johnson City Health Sciences campus was "a hope, a dream, and a wish," but he snapped up the property at 128 Grand Ave, banking on the project being completed and staying on schedule. Now, the nursing school is expected to be complete in the fall of 2020, and Kamath's project, Lofts @ JC, is aiming to open sometime before then.

"This development I hope slowly migrates Johnson City into a booming town where students can feel safe," says Kamath.

Kamath has been working with The Agency on this project, securing a PILOT (payment in lieu of tax). The Agency says this is not the first project they've seen pop up around the Health Sciences campus. Stacey Duncan, Deputy Director of The Agency, says they've seen several small businesses make moves to Main Street and the area around the school.