$250M Hudson Valley M-U Project Gets Underway
ByThe long-shuttered Hudson River State Hospital in Poughkeepsie, N.Y., will soon be transformed into the mixed-use Hudson Heritage.
Hudson Heritage, Poughkeepsie, NY
Poughkeepsie, N.Y.—The long-shuttered Hudson River State Hospital in Poughkeepsie, N.Y., will soon transform into the mixed-use Hudson Heritage now that EFG/DRA Heritage LLC, a joint venture between the EnviroFinance Group and Diversified Realty Advisors, has commenced redevelopment of the 156-acre property. EFG/DRA began the $250 million endeavor with demolition activity.
Sited along the Route 9 commercial corridor, Hudson Heritage will feature 350,000 square feet of neighborhood retail space, an 80,000-square-foot hotel, a multi-use trail system stretching 2.6 miles and perhaps of greatest note, 750 apartments, townhomes and single-family residences…