Press-Republican

February 2, 2013

64-unit apartment complex planned

6

DAN HEATH
Press-Republican

PLATTSBURGH — A 64-unit housing complex is in the preliminary planning stages in the Town of Plattsburgh.

The Town Planning Board recently approved a sketch plan for the Homestead on Ampersand, comprising four buildings with 16 one-, two- or three-bedroom apartments, each between 900 and 1,200 square feet. 

The developer is Regan Development, based in Ardsley.

TARGET TENANTS

Two buildings would be situated on each side of Ampersand Drive behind Sam’s Club. There would also be a community room and playground.

Garages are not included in the plans, but each unit would have an indoor storage area. The property is served by public water and sewer.

Regan Development President Larry Regan said the company is very community oriented. It maintains ownership of properties after construction, rather than looking to flip a project to another owner, he said.

He said their developments have local management staff to ensure they are run correctly. 

A rent table had not yet been set, the developer said, but he indicated the units would meet the needs of seniors looking to downsize or young people looking to move out from home into their first apartment. Both populations are important to maintain a sense of community, Regan said.

PEDESTRIAN SAFETY

When town officials asked to include pedestrian and public transit, the company agreed to include sidewalks from Consumer Square along Ampersand to the intersection of Rugar Street. Plans also call for a public-transit stop.

Regan Development looks for properties that are pedestrian and public-transit friendly, Regan said. 

“We like to work with the community.”

Town Supervisor Bernie Bassett was pleased to see the project moving forward.

“I think there is a need for this type of housing,” he said.

Bassett said developer was agreeable to the request to extend sidewalks. That would give residents a means to walk to shopping, as well as SUNY Plattsburgh and the Saranac River Trail.

“We are trying, project by project, to make the Town of Plattsburgh more accessible to pedestrians,” he said.

VITAL SIGNS

Regan discovered the Plattsburgh market while traveling to Canada for a family vacation. 

“I was pleasantly surprised by the vitality of the commercial district,” he said.

Additional research showed good numbers on industries already in the area or in process. That was followed by meetings with town officials, who presented a welcome atmosphere, he said.

The company then hired AES Northeast to develop plans and held more meetings with town officials.

“We are very pleased with the reception we’ve received to date,” Regan said.

STILL AHEAD

AES Northeast’s Scott Allen said he believes they’ve planned a nice courtyard housing development. 

“We think this is going to be a an excellent project in the Town of Plattsburgh and one that is very much needed in the community.”

Two parking spaces per unit are planned, Allen said.

Matt Boire of CDC Real Estate said that after he first spoke with Regan, he contacted other municipalities and heard only praise for the projects done by the firm in those communities.

The project still requires approval as a property subdivision and for its detailed preliminary plan. Regan said that once all plans are approved, they will seek to secure financing.

Construction would likely follow within five to six months, he said.

Email Dan Heath: dheath@pressrepublican.com

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TO LEARN MORE

For examples of other Regan Development projects, visit www.regandevelopment.com.