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.
Biz News Ink
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.
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.