UP COMMONS

UP Commons – Vestal, NY

ACRES

6.00

SQ FT

311,000

BEDS

710

STATUS

Still Under Ownership by Our Affiliated Entity

ABOUT

UP Commons is the student housing component of the 35‐acre University Plaza mixed‐use community near Binghamton University campus. UP Commons was originally developed as a turn‐key project for the Binghamton University Foundation, with NDG holding a long‐term ground lease and providing shared parking and support services. The original financing included tax‐exempt bonds and a PILOT Agreement with the municipality. The mix of student housing, restaurants, retail and commercial space created a college town community that benefits all residents and businesses. NDG and the UP Retail Center worked cooperatively and successfully with BU for 10‐years, at which time NDG purchased the housing project from BU. The project was refurbished and revitalized after acquisition and then sold to an institutional owner.