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Binghamton Completes Centre Plaza Residential Conversion

Developers have transformed the underutilized office complex into 63 new residential apartment units.

Updated on Oct. 19, 2026 in Commercial

A restored red brick multi-story building with large clean windows in an urban downtown setting during the late afternoon.
Centre Plaza in Binghamton has completed its transition from an underutilized office complex into 63 new residential apartment units. AI Illustration. Upload story photo >

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The Centre Plaza building in downtown Binghamton has officially begun welcoming residents following a major residential conversion. The project aims to revitalize the property after it faced a 70 percent vacancy rate in the wake of the Covid-19 pandemic.

Why it matters

This adaptive reuse project serves as a crucial economic recovery strategy for Binghamton. By shifting office space into housing, developers are addressing urban vacancy issues while adding new residential capacity to the city center.

The Centre Plaza complex features 63 total apartment units and 87 bedrooms, following its $2.1 million acquisition in June 2023. Currently, 15 units are occupied as construction continues on the lower levels.

The players

Chenango Holdings LLC

This real estate development firm is responsible for the acquisition and renovation of the Centre Plaza property.

Binghamton Veterans Center

This government-affiliated organization maintains a street-level presence within the Centre Plaza complex.

The details

The conversion project includes 30 residential units spread across the top five floors, with each floor containing four one-bedroom and two two-bedroom apartments. While the Binghamton Veterans Center remains on the street level, the building, which previously hosted WNBF and WQYT radio stations from 1973 to 1983, is now dedicated primarily to residential use.

Timeline

  1. Radio stations WNBF and WQYT occupied the building from 1973 to 1983.

  2. Chenango Holdings LLC purchased the property in June 2023.

  3. The first residents moved into the complex in October 2026.

  4. Construction on the remaining apartments is scheduled for completion in December 2026.

Culture Shift

This project mirrors the national trend of re-purposing commercial office assets that have struggled since the post-pandemic office vacancy crisis. It represents a broader societal shift toward adaptive reuse in urban cores to meet housing demands.

Residents looking for housing in downtown Binghamton now have access to 63 new units in the heart of the city. The project also provides a tangible upgrade to the local neighborhood by replacing long-term commercial vacancies with active residential occupancy.

The takeaway

The successful transition of Centre Plaza highlights how adaptive reuse can turn commercial assets into viable housing solutions. Prospective tenants should monitor the development as construction concludes on the lower levels to secure remaining units.

What happens next

Construction on the second and third floors of the complex is expected to conclude in December 2026.

Further reading

Learn more about local development projects in our Binghamton Commercial section.

Source note: This article includes information reported by CNY News.

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Should local governments incentivize developers to convert vacant office buildings into residential apartments in your area?