
Courtesy Saratoga Prosperity Partnership
Regan Development has plans to transform the former Victory Mills, a five-story, 230,000-square-foot manufacturing facility that closed nearly two decades ago, into 186 residential apartment units and a commercial microbrewery.
The building is in the Village of Victory Mills in the northeast part of the town of Saratoga, southwest of Schuylerville.
The Saratoga County Prosperity Partnership, involved in the project, calls it one of the largest economic development initiatives in the past decade in Saratoga County; a $60 million project that will breathe new life into a long-vacant industrial building.
A Westchester County-based entity that specializes in redevelopment projects, Regan Development has done other projects in the area and has a portfolio that includes more than $384 million in new construction and adaptive reuse projects.