The progress of a 144-unit apartment complex and commercial space in Cortlandville will depend on the demand after the first 72 units are built, the president of the developer said Friday.
Larry Regan, the president of Regan Development Corp., said the plan is to get approvals and construct the first building that houses 72 apartments of different sizes and then, if demand remains, start a second building that would house the other 72 apartments.
The total proposed plan has six buildings on 26 acres immediately west of the JM Murray corporate offices on Route 13 in Cortlandville, according to Cortland County Planning Board documents.
The first phase calls for the construction of a 22,570-square-foot, four-story building housing 72 apartments and 6,200 square feet of retail space.
The first building would also include 6,000 square feet of child-care space, Regan said.
The project was brought before the Cortland County Planning Board for a preliminary review this week that did not recommend approval or denial, said Planning Director Trisha Jesset.
Once final details are determined, it will have to come before the county planning board again for approval, she said.
The project will be sent to the Cortlandville Planning Board at its meeting Tuesday where the board will likely declare itself the lead agency in the State Environmental Quality Review Act process, said Bruce Weber, the town planning and zoning officer.
The project will then go to a town Zoning Board of Appeals meeting, where an area variance will be considered, he said. If approved, it will go back to the planning board for a conditional permit and the town board for an aquifer protection permit.
The apartments will be targeted for young business professionals, young couples or senior citizens who might be looking to downsize from their houses, Regan said. It won’t be targeted to college students.
He said tenants might have a median income between $30,000 and $60,000.
The child care space will also fill a need for parents who live in the facility and those nearby, Regan said.
Additionally, a strip commercial space will add to Cortlandville’s retail area on the western part of Route 13.
Regan declined to give a cost for the project but said all funding would be private.
No timeline has been established as the project is in the initial phases.
Regan said that, if the project fully goes through, he hopes it can help retain members of the community by providing the quality, energy efficient and modern housing and build on the retail space already in the area.
“It’s just building on the pluses already in the community and adding in with things that I think will be beneficial to the community,” he said.