A 156-apartment development on the site of a long-dormant Endicott Johnson factory is moving forward.

A groundbreaking ceremony for “The Victory Lofts” on Lester Avenue in Johnson City is scheduled to take place Thursday morning.

Paulus Development and LeChase Construction are working to renovate the sprawling 102-year-old factory site into a residential and commercial complex.

A view inside the Victory Building on August 25, 2021. Photo: Bob Joseph/WNBF News)

A view inside the Victory Building on August 25, 2021. (Photo: Bob Joseph/WNBF News)

Syracuse developer Matthew Paulus said the site will have approximately 275,000 square feet of usable space.

Speaking on WNBF Radio Now program last November, Paulus said it would be “one of the biggest transformational projects in upstate New York.”

Paulus said the revised plans called for 156 apartments to be created with 120 one-bedroom units and 36 with a two-bedroom configuration.

A rendering of The Victory Lofts provided by Paulus Development

A rendering of The Victory Lofts provided by Paulus Development

The apartments would be located on the second, third and fourth floors of the old factory building. The commercial space is to be developed on the fifth floor. Parking would be on the first level of the site.

When the project was announced in late 2020, it was estimated to cost $30 million. But the price has been revised upwards in recent months.

The north side of the old Endicott Johnson building at 59 Lester Avenue. (Photo: Bob Joseph/WNBF News)

The north side of the old Endicott Johnson building at 59 Lester Avenue. (Photo: Bob Joseph/WNBF News)

An announcement for the groundbreaking event said “the historic rehabilitation of the EJ Victory Building will revitalize an iconic ‘anchor asset’ and improve the connection between Binghamton University’s health sciences campus, the UHS hospital and the area north of Main Street in Johnson City.”

Workers have been busy on site since last summer to carry out preliminary work in preparation for major construction operations.

A state government sign displayed on the old Victory Factory on Feb. 24, 2022. Photo: Bob Joseph/WNBF News

A state government sign displayed on the old Victory Factory on Feb. 24, 2022. (Photo: Bob Joseph/WNBF News)

Contact Bob Joseph, WNBF News reporter: [email protected]. For the latest story development news and updates, follow @BinghamtonNow on Twitter.

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