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Real Estate
have their own sustainable gardening planters and beds. Forty-eight acres of the site will be devoted to community gardens and farmland to provide food for an on-site restaurant. In this way, Belle eld honors Hudson Valley history and agricultural heritage in its community.
Belle eld’s operation and visitor spending will have a combined economic impact of more than $634 million, and in its rst year the project will generate $4.25 million in spending in Dutchess County. Construction is creating more than 550 jobs, plus 369 full-time, permanent on-site jobs once the project is complete. Dutchess County will gain more than $36 million in taxes over the development’s rst 10 years.
MARKET-RATE HOUSING
Poughkeepsie has numerous develop- ments with market-rate housing units. Among them are Queen City Lofts, a $21 million project of 70 housing units—20 of them at market rate— and 12,000 square feet of commercial space will be developed in a previously vacant space.
Another is the $8 million Pelton Manor project, a restoration of a historic Poughkeepsie mansion and property that will add 36 apartments (30 of them at market rate), plus create a community garden and parks.
In Beacon, 248 Tioronda will add 100 market-rate units in four buildings along Fishkill Creek. The development also features a clubhouse and pool, plus a publicly accessible greenway trail.
The Kingdome, a $25 million investment in Dutchess County on 33 acres, will be the largest in atable sports dome in the United States at the size of three football elds, and hire more than 100 employees when it opens in 2017.
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