Real Estate

PPR town housing web 0524
This artist's rendering shows the 64-unit apartment complex planned for the Town of Plattsburgh. (Image Provided)

Town housing project approved

By: DAN HEATH

PLATTSBURGH — A 64-unit apartment complex in the Town of Plattsburgh received Planning Board approval this week.

The Homestead on Ampersand calls for four two-story buildings, each with 16 units of one-, two- and three-bedroom apartments.

The apartments would be divided into two structures on each side of Ampersand Drive, off of Rugar Street, behind Sam’s Club.

‘LOVE THE SITE’

The developer is Regan Development Corp., based in Ardsley. Regan President Larry Regan said they will now seek financing from banks in this area and hope to have that in place by the end of summer.

“We love the site and just want to find the financing to get it done,” he said.

Construction would start about three months after that, he said, and is expected to take about a year.

A rent table hasn’t been developed yet, but Regan said the project will most likely have “market-rate” apartments.

PUBLIC WATER, SEWER

The apartments are slated to be sized from 900 to 1,200 square feet. The plans don’t include garages, but each unit would have an indoor storage area.

The complex would also have a community room and playground, along with two parking spaces per apartment.

The property is served by town water and sewer service.

Regan sent letters to and met with neighbors who live near the location to explain his plan and what the development would look like from their yards.

He said the company didn’t receive any negative feedback.

The project includes fencing and buffers to maintain privacy for both sides.

“We show respect to our neighbors,” he said.

LOCAL MANAGEMENT

The company has agreed to a town request to put in sidewalks along Ampersand Drive from Consumer Square to the corner of Rugar Street. Plans also call for a public-transit bus stop.

“It’s our intention to be fully integrated into the community with this development,” Regan said.

They plan to use local subcontractors and purchase building supplies locally, he said.

While most Town Planning Board approvals are valid for one year, this one was OK’d for two years to give the developer time to secure financing and begin construction.

Regan said it was a pleasure to work with town officials and the Planning Board. It’s nice, he said, to do business in a location where they were so well received.

At the January meeting, when the sketch plan for the project was approved, Regan said the company is very community-oriented.

It maintains ownership after construction, rather than flipping the property to a new owner, he pointed out. They also have local management staff to ensure the development is run correctly.

‘WILL FILL NEED’

Town Supervisor Bernie Bassett said he was pleased to see the project approved.

“From the first time I met Mr. Regan, I was impressed with his proposal,” he said. “I think it will fill a need in the community.”

Bassett said he was also impressed with the developer’s attention to detail, such as landscaping and connectivity to the community.

Any time a quality developer is interested in Plattsburgh, the supervisor added, it is good for the region as a whole.

To check out examples of other Regan Development projects, visit regandevelopment.com.

Email Dan Heath:dheath@pressrepublican.com

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