Regan Development Corp., which is based in Ardsley, is pursuing its plan to build an affordable housing project intended for senior citizens ages 55 and up at 250 S. Middletown Road in Nanuet. Regan is working with the Rockland Housing Action Coalition (RHAC) and the Rockland County’s Office of Community Development on the project and has been going through the approval process with the Town of Clarkstown.
RHAC said that the proposed housing would be for low income seniors earning up to 80% of the Rockland County Area Median Income. It said that the project was awarded a $5,000,000 American Rescue Plan Act loan from the Rockland County Office of Community Development.
The project would be known as Nannawitt Commons. The $24 million development is being planned for the site of the former Nanuet National Bank headquarters, which now is a Chase Bank branch. The project is named for the Native American Munsee Tribe’s Chief Nannawitt. The name Nanuet was derived from his name.
The site covers 2.5 acres. There currently is a two-story office building on the northern portion of the site that originally was the Nanuet National Bank headquarters. The existing building has a footprint of 5,825 square feet. It would be demolished to make way for the new development. The new three-story building would have a footprint of 27,747 square feet. It would have a total of 65,241 square feet of interior space.
There currently is a parking area south of the building. A driveway around the building gives access to a drive-thru banking window on the north side. The southern access point to the site will be demolished. The northern access point to the site would be maintained. Parking for 100 vehicles is planned to be created behind the new building. The building would be situated along the western side of the site.
There would be a total of 52 rental apartments that would include 27 one-bedroom units and 25 two-bedroom units. All units are planned to be priced as affordable housing. One of the two-bedroom units will serve as a superintendent’s or caretaker’s apartment. A recreation area is proposed on the north end of the site that would include benches and a bocce court. Additional amenities for residents are to be determined.
A traffic study by DTS Provident Design Engineering for the site concluded that it does not generate significant peak hour traffic and does not have a significant impact on traffic operating conditions in the area. DTS said that the proposed senior housing will generate significantly less traffic than the previous bank use.
Regan Development reported that in a period of more than 30 years it has developed over $750 million worth of residential, commercial, and affordable housing real estate developments.
In February 2025, Regan Development held a ribbon-cutting for its affordable housing development in Croton-on-Hudson, a two-building complex at 43-35 Maple St., offering 33 apartments. The $18 million project was designed to be affordable for people earning up to 80% of the Area Median Income.
