Swinburne Building, Albany, NY: A New 130,000 SF Mixed Use 5 Story Building
Construction is well underway and due to be completed in the summer of 2020 at the Swinburne Building located within the central business district of downtown Albany, NY at 526 Central Avenue.
The complex combines 72 workforce rental apartments along with 10,000 square feet of ground level commercial space for a Whitney Young Primary Care Health facility, plus a blood lab and local pharmacy run by Albany College of Pharmacy and health Science and over 6,000 square feet of space for office space for Equinox Inc. to serve as a social service office. The project’s 20,000 square feet will also include two neighborhood retail commercial spaces.
The project’s residential units will be located on the building’s 4 upper stories. The 72 residential units include affordable and supportive units underwritten at 60% of Area Median Income (“AMI”), middle income units underwritten at 65% and 90% of AMI, market rate units underwritten at 100% AMI and one superintendent’s unit.
Equinox, Inc. is the social service partner in the development. Equinox and Whitney Young Health Center received a two-million-dollar award from New York State Department of Health to fit out the commercial spaces.
The project meets NYS and the City of Albany’s goals to:
- Create new attractive affordable housing and commercial opportunities for the local downtown Albany neighborhood
- Address local housing needs by providing affordable workforce housing options for families as well as to special needs individuals and housing along with social services
- Provide the first primary care medical facility for families in the downtown business district of Albany.
The development is receiving crucial funding support from New York State Homes and Community Renewal, making the rents work at levels that are affordable. We remain thankful for our partnership with HCR, which enables Regan Development to create important housing opportunities for people throughout New York State.
Craft Building Rises in New Rochelle, NY: 75 New Rentals
The Craft Building, New Rochelle, New York’s newest middle income and affordable senior rental building is under construction, with a projected opening in Spring 2020. The development is a joint venture between Regan Development and Quintessential Land Development, with each partner bringing important experience and skills to create successful, dynamic living spaces for people in New Rochelle. The Craft Building will be a six-story, mixed-use building consisting of 75 residential rental apartments for senior citizens and people living with special needs, plus two street level retail spaces. In addition to 62 apartments for seniors, 12 apartments will be designated for residents with Intellectual or Developmental Disabilities (IDD), supported by Westchester Jewish Community Services, a premier service agency in the County. An on-site superintendent’s apartment will allow hands on service to the residents.
The development benefits from strong support by several New York State agencies, each providing important support and funding to enable the long-term success of the Craft Building. New York State Homes and Community Renewal is providing tax exempt bond financing, affordable housing tax credits and a substantial low interest loan which will help bring a mix of affordability for several income ranges. Additionally, New York State’s Office for People with Developmental Disabilities (OPWDD) will provide both capital and long term service funding to allow those with IDD to live in independent, supported apartments in the community. The City of New Rochelle and its IDA have also provided financial support to make the development possible. Additionally, Regions Affordable Housing is investing in the development, helping to write down development costs to allow affordable rents for the residents.
As the Craft Building rises on Union Avenue in New Rochelle, Regan Development is proud to work with all of these partners to create high quality rental housing for seniors in this neighborhood.
Bear Woods Apartments, Canton, CT: 40 Cutting Edge Rental Apartments including 10 Apartments for People with Intellectual and Developmental Disabilities
Construction is nearing completion at Bear Woods Apartments, a 40 unit apartment building in Canton, CT. Bear Woods is Connecticut’s first new affordable rental development with integrated supported apartments for people living with Intellectual and Developmental Disabilities (“IDD”). The development is a joint venture between Regan Development and Favarh, the ARC of the Farmington Valley. It is also Connecticut’s first IDASH (Intellectual Disabilities and Autism Spectrum Disorder Housing Program) development, creating a new model for integrated, independent rental housing for people living with IDD.
Financed through the IDASH program, this first-of-its-kind development benefits from the joint efforts of the State of Connecticut Housing Finance Authority, the State’s Department of Housing and the State’s Department of Developmental Services. The specially designed building will allow greater independence for those with IDD, while creating savings for the State’s Medicaid program – allowing further services for others with IDD. In a time of budget tightening, this development will enhance the lives of those with IDD and allow the State to spread its resources to help more people in need.
This three-story elevator building will also contain on floor laundry rooms, a community room and patio for all residents, as well as enhanced common rooms for educational and vocational programs for residents with IDD. There will also be a dedicated office for building management and another for Favarh, who will coordinate services and supports for those with IDD.
Like its sister development Lavender Field Apartments in Bloomfield, the 10 special needs apartments will contain a number of features to foster independence for people with IDD, allowing lives in a less restrictive setting than might otherwise be possible. From automatic door openers and hard surface flooring for ease of access to specially designed kitchens and bathrooms with accessibility features, substantial thought has gone into the design of these apartments. These apartments will also contain cutting edge “smart home” technology, including enhanced communications and video, lighting control and climate control. Smart home technology will allow residents with IDD to live a more independent life in their community.
Regan Development is proud to be a leader in creating this accessible, affordable supported rental housing in an integrated setting. Financed with crucial funding from WNC & Company, an affordable housing industry leader, this new model will show stakeholders and the public in Connecticut how to create successful housing opportunities for its residents and the Canton community, while providing economically sensible solutions for everyone involved.
Lavender Field Apartments, Bloomfield, CT: Integrated Affordable Housing with Supported Apartments for People with Intellectual and Developmental Disabilities
Construction has commenced on Bloomfield Specialty Housing, one of two of Connecticut’s first integrated rental development that includes specialized apartments for people with intellectual and developmental disabilities (“IDD”). This newly constructed two story building will have a total of 38 apartments of affordable housing, including 9 fully accessible apartments set aside for residents with IDD.
Developed in a joint venture between Regan Development and Favarh, the ARC of the Farmington Valley, the development is part of a brand new program in the State of Connecticut called the IDASH (Intellectual Disabilities and Autism Spectrum Disorder Housing Program). The new program combines specialized financing from the State Departments of Housing, Developmental Services and the Connecticut Housing Finance Authority to make this integrated housing possible. Regan Development is proud to be a pioneer developer in this effort, bringing specially designed apartments to a larger building, creating a sense of community for all of our residents.
Like its sister project in Canton, the 9 special needs apartments in Bloomfield will contain a number of features to foster independence for people with IDD, allowing lives in a less restrictive setting than might otherwise be possible. From automatic door openers and hard surface LVT plank flooring for ease of access to specially designed kitchens and bathrooms with accessibility features, substantial thought has gone into the design of these apartments. These apartments will also contain cutting edge “smart home” technology, including enhanced communications and video, lighting control and climate control. Smart home technology will allow residents with IDD to live a more independent life in their community.
This two-story, single elevator building will also contain a community room for resident social and educational programming and on floor laundry rooms. There will also be a dedicated office for building management and another for Favarh, who will coordinate social service supports for the special needs residents.
Regan Development is proud to lead this cutting edge redevelopment effort, including environmental cleanup of a long vacant site in Bloomfield. The development will bring new life to a gateway site along Cottage Grove Road – and will bring important high rental quality housing to the Town of Bloomfield.
Crossroads at Genesee: A Historic Transformation Brings 74 New Apartments and a Health Center for this Buffalo, NY Community
Regan Development’s latest development in Buffalo, NY has just kicked off. The development will transform a currently vacant 110,000 square foot historic structure into Crossroads at Genesee, which will include 74 cutting edge, modern rental apartments of one, two and three-bedroom apartments, as well as approximately 1,600 square feet of residential community support space and approximately 400 square feet for the Lt. Colonel Matt Urban Center’s on-site offices. Additionally, a new 8,100 square foot, one-story building will be constructed in the northeast corner of the site to provide a new full-service health center for the community, operated by Jericho Road.
Crossroads at Genesee is a result of the positive synergy of combining New York State Homes and Community Renewal financing, Regions Affordable Housing investment and construction period credit enhancement by JP Morgan Chase Bank. These financial partners are playing a crucial part in making the development a reality for the people of Buffalo, the Lt. Colonel Matt Urban Center and Jericho Road Community Health Center. Regan Development is proud to join with all of these partners to help make Crossroads at Genesee a reality. Construction on the development is expected to be completed in mid-2021.
Broad Street Commons: Brand New Rental Housing and a School Mentoring Program Coming to Glens Falls
This Fall, construction commenced on Broad Street Commons in Glens Falls, NY. This development will create a wonderful rental housing opportunity for the Glens Falls community, including 71 apartments at a range of incomes tailored for the area. This new affordable rental development is the result of collaboration between Regan Development Corporation and AIM Services, who will provide services for residents of eleven one bedroom apartments set aside for people living with intellectual and developmental disabilities.
The development benefits from crucial financial support New York State Homes and Community Renewal, Regions Affordable Housing, the Community Preservation Corporation and the New York State Office of People with Developmental Disabilities.
Commercial Vitality for Community Goals: As a community building effort, the development will also serve as program space for the non-profit Fredette Family Foundation, which will use the space for its school mentoring programs. The Fredette Family Foundation was founded on this core belief: “When a child is hungry, cold, made fun of, bullied, or afraid they have no capacity or interest in learning how to develop character. These children need our immediate help.”
Regan Development is pleased to provide this important commercial space to the Foundation, to allow the Fredette Family Foundation to provide this important help to local children. Regan Development is proud to team up with the State of New York, Regions Bank, AIM Services and the Fredette Family Foundation to bring a new community asset to Glens Falls.
Clifton Main Mews II: Turning Industrial History into a Continuing Community Asset
Following up on the success of Clifton Main Mews, Regan Development has embarked on a mission to transform a historically significant structure into a community resource, providing high quality rental apartments at rents that make sense for everyday budgets. At 1,000 Main Avenue in Clifton, the development team is about to start construction to revitalize the historic Passaic Worsted Mills building. Clifton Main Mews II is being created from this historically distinct, three-story “U”-shaped red brick and multiple bay factory building that was originally built in 1895 to house a wool mill. This venture will revitalize this historic piece of Clifton, transforming it into 92 modern rental residences for local members of the workforce. Upon completion, residents will enter through a centrally located lobby on the first floor that also houses the community room, laundry and management office. The rest of the development houses 18 one-bedroom units, 69 two-bedroom units and 5 three-bedroom units, each of which includes Energy Star dishwashers, refrigerators, individually controlled air-conditioning. There is a clear need for well-priced new rental housing in this part of New Jersey. Regan Development has recognized this need and is working with the City of Clifton and the State of New Jersey to bring a historic mill back to life, once again enhancing the community. Regan Development is proud to create this opportunity while also giving a mill older than Clifton a new lease on life. Construction is expected to commence in Spring 2018.