Binghamton Apartment Complex Renovations Have Progressed

Residents have moved into newly updated units at the property formerly known as Town & Country Apartments.

Updated on Oct. 5, 2026 in Openings & Closings

Exterior of a multi-story brick apartment building with new grey siding and green lawns under a bright, clear blue sky. — The Rivers Bend apartment complex in Binghamton has welcomed its first residents following a $94 million renovation project spanning 22 buildings. AI Illustration. Upload story photo >

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The Rivers Bend apartment complex in Binghamton has welcomed its first residents into seven newly renovated buildings. The ongoing project represents a $94 million investment into the site, which contains 22 buildings and 256 total units.

Why it matters

The initiative aims to address the regional need for affordable housing options by modernizing a decades-old residential property. The project marks a significant effort to improve the site after previous development promises failed to materialize.

The $94 million renovation covers 22 buildings, with seven now finished. Approximately 70 apartments are currently occupied within the 256-unit complex.

The players

Vesta Corporation

This Connecticut-based real estate firm is managing the renovation and leasing of the Rivers Bend complex.

The details

Workers at the complex have replaced aging boiler systems with new all-electric units to modernize the infrastructure. Leasing for the one-, two- and three-bedroom units is currently managed through an office located on Roberts Street.

The complex first opened in 1964 as Countrytowne Apartments.
A developer from Boston promised improvements in 2019 that never occurred.
Vesta Corporation announced the $94 million project in January 2025.
News media visited a renovated apartment on October 2, 2026.

Market Landscape

The renovation of the Binghamton complex mirrors the national trend of retrofitting aging mid-century multifamily housing to meet modern efficiency standards. This project positions Vesta Corporation as a key provider of updated rental housing in a market previously hindered by stalled development efforts.

Prospective tenants in Binghamton now have access to updated one- to three-bedroom units with modern electrical heating systems. Interested individuals can contact the leasing office on Roberts Street to inquire about availability and pricing for the newly finished units.

The takeaway

The transformation of this property highlights the potential for revitalizing long-neglected housing stock through large-scale capital investment. Prospective residents should prioritize verifying which specific buildings have completed the transition to all-electric systems during their property tours.