Waterfront Development and Investment Opportunity

Opportunity for Sustainable Transit Oriented Waterfront Redevelopment

MTA Transit Oriented Development RFEI

A redevelopment initiative conducted by the MTA in collaboration with the City of Poughkeepsie is underway and has issued a Request For Expression of Interest (RFEI) for Transit-Oriented Development (TOD).  The RFEI sets the stage for mixed-use redevelopment of underutilized land adjacent to the historic rail terminal.  These sites have spectacular views of the Hudson River and enjoy direct access to waterfront amenities and a thriving downtown.

As one of the largest cities in the Hudson Valley, Poughkeepsie has that vibe – the one you can only feel in a community that’s on the verge of a new era and filled with “Poughtential.” It’s the same feeling that neighboring Beacon, N.Y. had once DIA:Beacon was established, which fueled a dynamic rebirth of a historic river city once longing for visitors, residents and investment. With nearly $1 billion in major projects and more than $2 billion in developments in the planning or permit phase in Dutchess County, Poughkeepsie is in the center of that surge, bolstered by a 14-block, more than $500 million investment by Vassar Brothers Medical Center. In addition to large projects like Vassar, small businesses and entrepreneurs are also choosing to relocate in Poughkeepsie, with many leaving New York City’s outer boroughs for lower cost yet effortlessly cool warehouse buildings that once housed the city’s brewing, whaling and manufacturing industries.

A TOD provides an opportunity for enhanced economic development of the region and appeals to a broad market of potential users.  According to the RFEI, opportunities may include a mix of residential, retail, office/commercial, hotel, and expanded commuter parking elements.

Those interested in responding can download the RFEI here to learn more about submission guidelines and deadlines.

For additional information on available sites, buildings, and opportunities available in Dutchess County, contact Think Dutchess Director of Business Attraction, Don Minichino at 845.463.5404.

 

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