Academy, Church, Noxon Redevelopment 5 biens | À vendre | 2 524 972 € | Poughkeepsie, NY

Ideal for Mixed-Use or Residential Redevelopment
Unlock the potential of this high-value, 11 parcel development opportunity in the heart of Poughkeepsie’s rapidly growing Innovation District and Mixed-Use zones. 50 Academy Street is part of a strategic 11-parcel assemblage located at the intersection of Church Street, Academy Street, and Noxon Street. This site offers zoning flexibility and density bonuses that can support significant residential, commercial, or mixed-use development.
Property Overview:
Zoning: PID-B (Poughkeepsie Innovation District B) & MU-5 (Mixed Use 5)
Lot Size: 1.12 acres over 11 parcels with expansive street frontage
Permitted Uses: Multi-family residential, office, retail, hospitality, food service, live-work housing, student housing, performing arts, medical, and more
Bonus Opportunities:
Up to 9 stories / 120 ft height in PID-B with affordable housing inclusion
Up to 7 stories / 94 ft in MU-5 with affordable housing
No Historic Restrictions: Not in a City Historic District
Parking & Incentives:
On-site parking design flexibility with potential for Planning Board waiver or fee-in-lieu of parking
Immediate proximity (within 50 ft) to municipal parking lot at 50 Cannon Street with ~210 spaces
Investment Highlights:
Prime urban infill location
Strong residential rental demand
High-density development as-of-right with bonus potential
Flexible mixed-use zoning for a broad range of uses
Infrastructure and planning support from the City’s Innovation District initiative
Location Description
Location Highlights:
Centrally located in downtown Poughkeepsie, walking distance to restaurants, shops, art centers, and Vassar Brothers Medical Center
Easy access to Route 9, Mid-Hudson Bridge, and Metro-North Railroad
Adjacent to the historic Barrett Art Center
Highlights
Development Concepts:
Several conceptual massing studies have been completed by Tinkelman Architecture, including:
Option A: 35 residential units / 26 parking spaces
Option B: 55 residential units / 28 parking spaces
Option C: 76 residential units / 52 parking spaces
Option D: 116 residential units / 49 parking spaces