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University Lofts Update

A downtown student housing project, interrupted by a calamitous fire, is getting closer to completion.
A downtown student housing project, interrupted by a calamitous fire, is getting closer to completion.

The first phase of University Lofts in Binghamton is expected to open in January in time for second semester B.U. students. The initial section fronting Court Street will have 16 apartments housing 38 students. It represents about 20 percent of the overall complex. Developer Larry Gladstone tells NewsChannel 34 that a leasing office will open this month to start marketing the apartments. The former Midtown Mall caught fire back in December 2010, gutting the section on Chenango Street.

"We know what we're doing now.  We've improved the plans.  There's one benefit to doing a project multiple times.  You get to keep continuously improving it.  So, it's going to be really good now," said Gladstone.

Gladstone says the Chenango Street section will be completed by the end of next July. He says the apartments will be large loft-style spaces with an average ceiling height of 14 feet. And they'll be connected on the second floor to a structured garage.

In total, University Lofts is designed for 79 apartments housing 191 students.
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