08/13/2026
FRONTβOAK ASSEMBLAGE, BINGHAMTON NY
Walison Corp. offers a fully entitled senior housing site two blocks from Lourdes Hospital: roughly 163,000 SF across two proposed buildings, supporting a Class A independent living, assisted living, and memory care continuum of 140 to 160 units. Named a strategic investment project in the City's plan. 12 parcels, 3.59 acres, site plan approved; the senior program finalizes by plan amendment.
The City's plan publishes the model for this site: 464 construction jobs and $56.8 million in output, $1.42 per dollar invested, then 61 permanent jobs and $6.7 million annually, modeled before any senior program; the published figures are the floor (Clinton Street NBD Plan, 2022). Developable land is nearly gone: 1,630 parcels screened countywide, and none earned the maximum score. The market will not resolve the shortage alone (Camoin Associates, 2024).
Residents ranked senior apartments second in the County's public process, with zero dislike responses at the workshops. The County is 21% age 65 and over against 18% statewide, 38,000 residents. No new-construction Class A senior community serves the market today, and multifamily vacancy runs 3.2% with zero units under construction countywide.
The national cycle is aligned: 89.9% senior occupancy, up 20 straight quarters, with fewer than 16,000 units under construction nationally (NIC MAP, Q2 2026). Published MSA senior rates run approximately 2.0x Class A apartment rents (CareScout 2024; A Place for Mom, Q4 2025). The care staffing sits next door: 5,200 United Health Services employees within 1.5 miles, and the County projects 315 new care positions at $61,000 average.
Structures: 1. Direct site sale. 2. Operator joint venture, the venture acquiring the land at formation. 3. REIT or private equity forward structure. 4. Split program, by building.
Offers evaluated on price, certainty of close, and timeline.
Walison Corp. assembled the twelve parcels and carried them to entitled, shovel-ready condition. Message me here, call 914-236-0808, or email [email protected].
Offered by owner (not a Coldwell Banker listing).