JOHNSON CITY, N.Y. — Development company AOM Investments LLC has announced the formal opening of the LOFTS@JC, a $6.5 million housing complex at 128 Grand Ave. in downtown Johnson City.
The project is located at the site of former Dollar General location, a parcel that “sat vacant for a number of years,” the Agency said in a news release about the project.
The Agency provided unspecified financial assistance to help AOM Investments revamp the “blighted street corner.” AOM Investments is headquartered in Passaic, New Jersey, per its website.
The three-story, multi-family apartment building offers 24 total units and on-site parking. The building also has amenities that include a lounge, game area, study/conference room, and a fitness center.
The housing complex is located a block away from the Binghamton University Health Sciences campus, two blocks from UHS-Wilson Medical Center, and about five minutes from the main campus of Binghamton University.
As the size of the Binghamton’s health sciences campus continues to grow and more young professionals move to the Johnson City area due to major employers like UHS, “housing needs also continue to grow,” the Agency said.
An estimated 1,100 undergraduate and graduate students, faculty, and staff have been brought in with the opening of the health sciences campus alone, and the Agency’s most recent housing report indicates young professionals are “driving the market demand” for quality rental housing in the area.
“This transformative housing project is critical to the rehabilitation of Johnson City. The LOFTS@JC will bring key tax revenue to the Village while also contributing to ongoing revitalization, talent attraction and retention efforts,” Stacey Duncan, executive director of the Agency and president & CEO of the Greater Binghamton Chamber of Commerce, said.