The 130,000 square-foot-building formerly housed a cigar factory and department stores but was almost completely vacant when developer Ron Kutas and his backers renovated the historic buildings, originally constructed in 1860. The development’s 176 beds are filled. The historic nature of the building gives it unique character, Kutas said. Chenango Place consists of five separate buildings which were connected through the years, he said. Kutas said the redevelopment of the building used elements from the original structure, including the facade and high ceilings. Chenango Place received government support through a $2 million payment-in-lieu-of-taxes agreement approved by the City of Binghamton in February that will last 10 years. The city will receive $39,148 in payments in 2015. Another big draw for students is that the development overlooks the Chenango River. This building also houses three first floor commercial tenants, the executive offices of Chenango Place which includes a Starbucks café, a Mediterranean restaurant and a Yoga studio.
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