City of Binghamton, New York

City Selects Development Partner In 7 Hawley St. Mixed-Use Project

(BINGHAMTON, N.Y.) — Mayor Richard C. David today announced The Pike Company, of Rochester, as the City’s development partner in the planned mixed-use project at 7 Hawley St. in Downtown Binghamton.
7 Hawley St. is a 0.74-acre surface parking lot owned by the Binghamton Urban Renewal Agency (BURA).
In Dec. 2015, Mayor David secured a $3.45 million state grant from Empire State Development through the Upstate Revitalization Initiative (URI) to advance a public-private redevelopment of the site.
The plan calls for a mixed-use facility that includes a 300-spot parking garage, approximately 6,000 square feet of commercial/retail space and approximately 18 market-rate housing units. The project will act as a downtown anchor and spur future economic development opportunities.
Pike has experience in parking garage developments across New York State, including a five-story facility at SUNY Upstate Medical University and a $12 million facility on Cornell University’s campus.
Newman Development Group, of Vestal, which was identified as the preferred developer in initial state grant applications, was not ultimately selected by the City.
Mayor David opted to re-solicit a request for qualified firms to allow multiple firms to submit development proposals. In July 2017, Pike was one of three respondents. Newman Development and Buck Construction, of Whitesboro, N.Y., also submitted applications.
“Newman Development presented a great design and met all the criteria outlined in the City’s request for proposal,” said Mayor David. “However, additional City or State funding would have been needed to make that project a reality.”
Buck Construction’s proposal also had significant potential, according to Mayor David.
“The City was fortunate to receive bids from three qualified and experienced firms,” said Mayor David. “We fully expect there will be opportunities in the future to work on projects with both Newman Development and Buck Construction.”
Pike representatives will present development plans to Binghamton City Council at an upcoming work session.
The project is expected to break ground in 2018.
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