August 12, 2019 Comments Off on Former Poughkeepsie Hospital Gives Way to $300M MXU Views: 1022 National News, New York, Northeast

Former Poughkeepsie Hospital Gives Way to $300M MXU

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Developers have begun clearing the site of a former state psychiatric facility on Route 9 in upstate Poughkeepsie, NY to make way for Hudson Heritage, a $300-million mixed-use community.

EFG/Saber Heritage SC LLC, a partnership of Saber Real Estate North and EnviroFinance Group, received approvals to begin demolishing the former Hudson River State Hospital campus, which operated from 1873 until its closure in the early 2000s.

EFG/Saber Heritage’s Martin Berger said the result will be “a thriving, open-air community in which residents are within walking distance of top-notch restaurants, shopping, health care, education, entertainment, and beautiful nature trails.”

Hudson Heritage will include 750 units of townhomes, rental apartments and assisted-living housing. The property will feature a 150-key hotel; 350,000 square feet of commercial and retail space; 40,000 square feet of medical facility/office space; and a 24,700-square-foot education/performing arts center.

Charter Realty & Development of Westport, CT is handling commercial leasing.

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