A new chapter is unfolding along the Susquehanna River.
At 135 Conklin Avenue, the historic Crowley Factory—once a thriving hub of dairy production—has long stood as a symbol of Binghamton’s industrious past. Built in the early 1900s and shuttered in 2017, the building has waited for its next purpose. Now, thanks to strategic support from The Agency, that transformation is taking shape.
Through the use of benefits, The Agency is helping pave the way for Crowley Factory Lofts—a mixed-use redevelopment project that will reimagine the vacant structure into a vibrant residential and commercial destination along the riverfront.
Reimagining a Piece of Binghamton’s History
In 2023, The Agency Board approved a Sales and Use Tax Exemption Agreement to support the Crowley Factory Lofts project. The incentive package supports an investment by Crowley Factory Lofts, LLC, aimed at transforming the 73,000-square-foot former factory into a space that blends modern living with historic preservation.
When complete, the project will feature market-rate apartments and ground-floor commercial space, designed to attract young professionals, families, and entrepreneurs alike. Residents will enjoy one- and two-bedroom units with scenic views of the Susquehanna River—an urban lifestyle rooted in the city’s heritage and future.
Catalyzing Economic and Community Growth
The Crowley Factory Lofts are more than a housing development—they’re part of a larger effort to revitalize Binghamton’s Southside and downtown corridors.
By supporting this project through PILOT benefits, The Agency is helping make the redevelopment financially viable while ensuring long-term contributions to the local tax base. These incentives are part of a broader strategy to:
- • Stimulate private investment in underutilized properties
- • Increase economic activity and foot traffic in Binghamton’s urban core
- • Expand diverse housing options within the city limits
In addition to The Agency’s support, the project also received a $2 million Restore New York grant, reflecting the state’s shared commitment to community revitalization.
Mayor Jared Kraham has praised the redevelopment, calling it “the type of dynamic rehabilitation project this historic property deserves.”
Overcoming Challenges and Moving Forward
As with many adaptive reuse projects, timelines and plans for the Crowley Factory Lofts have evolved since their initial approval. Rising costs, changing market conditions, and construction logistics may require the developer to revisit certain aspects of the project.
While these adjustments may shift timelines, the groundwork laid by The Agency, local leadership, and state partners has positioned this project for lasting success. The shared vision remains clear: to bring new life to a historic structure while advancing Binghamton’s growth and livability.
Why It Matters
The Crowley Factory Lofts embody what’s possible when innovation meets preservation. Through creative partnerships and strategic tools like PILOT programs, The Agency continues to drive projects that strengthen Broome County’s economic resilience and celebrate its heritage.
As Binghamton reclaims its riverfront and reinvests in its neighborhoods, the Crowley Factory stands as a testament to the community’s enduring spirit and its bright future ahead.
The Agency: Investing in Broome County’s future, one project at a time.