{"id":31513,"date":"2018-12-13T14:52:12","date_gmt":"2018-12-13T19:52:12","guid":{"rendered":"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/?p=31513"},"modified":"2018-12-14T09:31:05","modified_gmt":"2018-12-14T14:31:05","slug":"developer-plans-to-build-workforce-housing-project-on-broad-street-in-glens-falls-have-strong-economic-impact","status":"publish","type":"post","link":"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2018\/12\/developer-plans-to-build-workforce-housing-project-on-broad-street-in-glens-falls-have-strong-economic-impact\/","title":{"rendered":"Developer Plans To Build Workforce Housing Project On Broad Street In Glens Falls Have Strong Economic Impact"},"content":{"rendered":"<figure id=\"attachment_31514\" aria-describedby=\"caption-attachment-31514\" style=\"width: 1002px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-31514\" src=\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/wp-content\/uploads\/sites\/109\/2018\/12\/broad-street-commons-hc.jpg\" alt=\"\" width=\"1002\" height=\"740\" srcset=\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/wp-content\/uploads\/sites\/109\/2018\/12\/broad-street-commons-hc.jpg 1002w, https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/wp-content\/uploads\/sites\/109\/2018\/12\/broad-street-commons-hc-300x222.jpg 300w, https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/wp-content\/uploads\/sites\/109\/2018\/12\/broad-street-commons-hc-768x567.jpg 768w\" sizes=\"auto, (max-width: 1002px) 100vw, 1002px\" \/><figcaption id=\"caption-attachment-31514\" class=\"wp-caption-text\">This is a rendering of a four-story workforce development complex with 72 energy-efficient apartment units that Reagan Development plans to build in Glens Falls.<br \/>Courtesy Reagan Development<\/figcaption><\/figure>\n<p class=\"p1\">By Susan E. Campbell<\/p>\n<p class=\"p2\"><span class=\"s1\">Regan Development in Albany has contracted to purchase 182-186 Broad St. in Glens Falls and plans to construct a new, four-story workforce development complex featuring 72 affordable, energy-efficient apartment units.<\/span><\/p>\n<p class=\"p2\"><span class=\"s1\">Broad Street Commons will sit on 4.1 acres of prime downtown property that is close to Glens Falls Hospital, public transportation, banks, markets, and all the amenities of a city in the midst of revitalization. In addition, the complex itself will have 6,000 square feet of commercial space at street level, according to the company.<\/span><\/p>\n<p class=\"p2\"><span class=\"s1\">\u201cA workforce development complex offers rents that will attract nurses, aides and families with incomes lower than the median,\u201d said Larry Regan, president of the family-run business that has done dozens of similar projects throughout New York state, such as Lion Heart Residences in Cohoes, and in neighboring states. <\/span><!--more--><\/p>\n<p class=\"p2\"><span class=\"s1\">Regan and his team had several meetings with Mayor Dan Hall and other elected leaders to hear about the city\u2019s needs Their \u201cvisions matched,\u201d Regan said. <\/span><\/p>\n<p class=\"p2\"><span class=\"s1\">Finding developers to construct affordable housing was one of the goals outlined by local officials after the city of Glens Falls won a $10 million downtown revitalization grant from the state two years ago, said Ed Bartholomew, president and CEO of EDC Warren County.<\/span><\/p>\n<p class=\"p2\"><span class=\"s1\">\u201cThe state\u2019s Homes and Community Renewal office let us know that there has been no workforce development in the area for 30 years,\u201d Regan said. \u201cMany residents of the area have been priced out of the market.\u201d<\/span><\/p>\n<p class=\"p2\"><span class=\"s1\">Regan said his company has applied to government agencies to line up tax credits to build this type of project and expects to hear back in June.<\/span><\/p>\n<p class=\"p2\"><span class=\"s1\">Different income \u201cbands\u201d determine how rent is charged, he said. These bands are based on 60 percent of median income in the area, 90 percent of median income, and market rate. The median household income for Warren County was $57,174 in 2016, according to U.S. Census data.<\/span><\/p>\n<p class=\"p2\"><span class=\"s1\">\u201cWe consider ourselves tools for improving the community, but only where needed and wanted,\u201d he said.<\/span><\/p>\n<p class=\"p2\"><span class=\"s1\">The architectural board recommended adding in some brickwork, so plans are being reworked to include a brick facade. With bays and turrets in the design, the proposed style of Broad Street Commons is described as traditional.<\/span><\/p>\n<p class=\"p2\"><span class=\"s1\">Regan said his firm always uses local labor and has hired U.W. Marx out of Troy as general contractor. If funding is forthcoming in June, construction can begin next fall and complete about 18 months later, he said.<\/span><\/p>\n<p class=\"p2\"><span class=\"s1\">\u201cIt has been a pleasure working together with the local leadership as a team over the past six or seven months. They are very organized, thoughtful and considerate,\u201d Regan said. \u201cWe look forward to being a part of the Glens Falls community.\u201d<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Susan E. Campbell Regan Development in Albany has contracted to purchase 182-186 Broad St. in Glens Falls and plans to construct a new, four-story workforce development complex featuring 72 affordable, energy-efficient apartment units. Broad Street Commons will sit on 4.1 acres of prime downtown property that is close to Glens Falls Hospital, public transportation, [&hellip;]<\/p>\n","protected":false},"author":89,"featured_media":31514,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-31513","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\r\n<title>Developer Plans To Build Workforce Housing Project On Broad Street In Glens Falls Have Strong Economic Impact - Glens Falls Business Journal<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2018\/12\/developer-plans-to-build-workforce-housing-project-on-broad-street-in-glens-falls-have-strong-economic-impact\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Developer Plans To Build Workforce Housing Project On Broad Street In Glens Falls Have Strong Economic Impact - Glens Falls Business Journal\" \/>\r\n<meta property=\"og:description\" content=\"By Susan E. Campbell Regan Development in Albany has contracted to purchase 182-186 Broad St. in Glens Falls and plans to construct a new, four-story workforce development complex featuring 72 affordable, energy-efficient apartment units. Broad Street Commons will sit on 4.1 acres of prime downtown property that is close to Glens Falls Hospital, public transportation, [&hellip;]\" \/>\r\n<meta property=\"og:url\" content=\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2018\/12\/developer-plans-to-build-workforce-housing-project-on-broad-street-in-glens-falls-have-strong-economic-impact\/\" \/>\r\n<meta property=\"og:site_name\" content=\"Glens Falls Business Journal\" \/>\r\n<meta property=\"article:published_time\" content=\"2018-12-13T19:52:12+00:00\" \/>\r\n<meta property=\"article:modified_time\" content=\"2018-12-14T14:31:05+00:00\" \/>\r\n<meta property=\"og:image\" content=\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/wp-content\/uploads\/sites\/109\/2018\/12\/broad-street-commons-hc.jpg\" \/>\r\n\t<meta property=\"og:image:width\" content=\"1002\" \/>\r\n\t<meta property=\"og:image:height\" content=\"740\" \/>\r\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\r\n<meta name=\"author\" content=\"Jake Van Ness\" \/>\r\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\r\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jake Van Ness\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\r\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2018\/12\/developer-plans-to-build-workforce-housing-project-on-broad-street-in-glens-falls-have-strong-economic-impact\/\",\"url\":\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2018\/12\/developer-plans-to-build-workforce-housing-project-on-broad-street-in-glens-falls-have-strong-economic-impact\/\",\"name\":\"Developer Plans To Build Workforce Housing Project On Broad Street In Glens Falls Have Strong Economic Impact - Glens Falls Business Journal\",\"isPartOf\":{\"@id\":\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2018\/12\/developer-plans-to-build-workforce-housing-project-on-broad-street-in-glens-falls-have-strong-economic-impact\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2018\/12\/developer-plans-to-build-workforce-housing-project-on-broad-street-in-glens-falls-have-strong-economic-impact\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/wp-content\/uploads\/sites\/109\/2018\/12\/broad-street-commons-hc.jpg\",\"datePublished\":\"2018-12-13T19:52:12+00:00\",\"dateModified\":\"2018-12-14T14:31:05+00:00\",\"author\":{\"@id\":\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/#\/schema\/person\/a11ec438b5f0e57f1156754ba3931b86\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2018\/12\/developer-plans-to-build-workforce-housing-project-on-broad-street-in-glens-falls-have-strong-economic-impact\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2018\/12\/developer-plans-to-build-workforce-housing-project-on-broad-street-in-glens-falls-have-strong-economic-impact\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2018\/12\/developer-plans-to-build-workforce-housing-project-on-broad-street-in-glens-falls-have-strong-economic-impact\/#primaryimage\",\"url\":\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/wp-content\/uploads\/sites\/109\/2018\/12\/broad-street-commons-hc.jpg\",\"contentUrl\":\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/wp-content\/uploads\/sites\/109\/2018\/12\/broad-street-commons-hc.jpg\",\"width\":1002,\"height\":740,\"caption\":\"This is a rendering of a four-story workforce development complex with 72 energy-efficient apartment units that Reagan Development plans to build in Glens Falls. 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