Sessions
Hiding in Plain Sight: Adaptive Reuse
12:00 PM - 1:00 PM Thu
Larry Regan, President of Regan Development Corporation, has been developing affordable housing for New York, New Jersey, Connecticut and Pennsylvania residents for 36 years. He has expertise in creative development solutions to difficult problems. Mr. Regan, a graduate of Emory University and Brooklyn School of Law, is an Irvington, NY, Westchester County resident.
Mr. Regan's company has developed over 5200 units of housing, with special emphasis in providing high quality housing opportunities to households of limited income including senior housing, workforce housing as well as special needs developments.
In New York, Regan Development has successfully developed numerous rentals housing developments using LIHTC/SLIHC, federal and New York State Historic tax credits, NY DEC Brownfield credits and NYS HCR Clean Energy Incentive Program funds. In recent years, the firm has concentrated on the production of affordable senior and workforce rental projects throughout the state, including developments in the Hudson Valley, Capital Region, Southern Tier, North County, Western New York, and Long Island. In each development, Mr. Regan was responsible for site acquisition, municipal approvals, financing and syndication, and construction oversight.
RDC recently completed three NYSHCR funded affordable rental development in the Village of Croton, Westchester County, Village of Freeport, Nassau County and City of Troy Rensselaer County, providing high quality rental units at affordable pricing for local residents.
Mr. Regan’s firm has completed multiple historic adaptive reuse projects, including three in the City of Buffalo. These include the Historic Packard Building, in downtown, the former Buffalo Milk Company Building in the Niagara Section, and the Monarch Knitting Building on Buffalo’s east side. These buildings were added to the National Register of Historic Places and assisted the city and the State’s effort to provide quality housing for Buffalo residents. Regan Development has also completed the historic redevelopment of the Endicott Johnson Shoe Factory in Johnson City, creating 105 units of workforce housing including 25 units of supportive housing for clients with intellectual disabilities.
In New Jersey, Mr. Regan’s company has developed special needs housing, affordable for-sale housing and affordable rental housing, in Bergen County, Passaic County, Essex County, Hudson County, Union County, Middlesex and Monmouth County. The firm has completed numerous developments adding to the revitalization of Downtown Newark, with 63 market rate apartments in the historic Union Building, steps from Broad Street and Penn Station, as well as a mixed use on Broadway in Newark’s North Ward. In Plainfield, Mr. Regan has successfully turned around the long vacant Tepper’s Department store with an adaptive reuse and created 75 affordable apartments and over 24,000 square feet of vital commercial space, right in the heart of downtown. In recent years, Mr. Regan has completed housing developments in Clifton, Little Ferry, Montvale, Paterson, Freehold, Union City and Bayonne and West New York.
In addition to Regan Development Corporation, Mr. Regan has sat on the Board of Directors for the Westchester Housing Fund, a non-profit housing implementation agency that helps facilitate affordable housing in Westchester County in New York, as well as the Board of Cornell Cooperative Extension in Westchester. Mr. Regan often serves as an informal consultant to municipal planning officials, non-profit agencies, lending institutions, and other community-based entities desiring experience and expertise in the development process. Mr. Regan is a frequent speaker about the development of affordable housing, special needs housing, and redevelopment of urban areas, including redevelopment of Brownfields sites.