A mixed-use development of 2.1 million square feet that has been positioned as a future economic powerhouse for Dutchess County is now being valued at $1 billion, approximately 25% more than the previous price tag of $800 million. Known as Bellefield at Historic Hyde Park, the project would bring to the area 802 residential units…Read More »
Bellefield at Historic Hyde Park, a new ‘live-work-play’ project in Dutchess County, was delayed two years by the pandemic The Hudson Valley has seen a surge of mixed-use development in recent years. In Orange County, a new apartment complex is being proposed across from the Galleria Mall. In Poughkeepsie, a $13 million dining, shopping andRead More »
A joint venture between T-Rex Capital Group and Shaner Hotel Group has landed a $36 million financing package to build a planned Marriott-branded hotel property in New York’s Hudson Valley, near the Franklin D. Roosevelt Presidential Library and Museum, Commercial Observer has learned. X-Caliber Rural Capital (XRC) , an affiliate of X-Caliber Capital and CastleGreenRead More »
“Agrihood,” the First in the Northeast, Will Be a Prime Draw, as Will Unique Culinary, Residential and Recreational Options HYDE PARK, N.Y. (May 23, 2022) – Bellefield Development Partners, an affiliate of T-Rex Capital Group, LLC, has announced an important milestone: Construction has begun on The Inn at Bellefield by Residence Inn, a hotel thatRead More »
Agrihoods, neighborhoods that incorporate food production into their design, have been getting more attention in the residential development world. In many cases, these projects are conventional sprawl with a tiny community garden or orchard. Whereas, in their truest form, agrihoods weave food production into the design and experiential fabric of their communities in much moreRead More »
For example, in northern Dutchess County, T-Rex Capital Group broke ground on its $800 million, 344-acre walkable community Bellefield at Historic Hyde Park in 2018. However, the team is only now ready to begin constructing its field building on the site. Before that could happen, the company had to install wastewater and sewage facilities necessaryRead More »
From a cursory glance driving up Route 9, it can be hard to parse what progress has been made at Bellefield at Historic Hyde Park. The $800 million planned “walkable community,” covering 344 acres across from the Culinary Institute of America, has been gestating with different names and features for nearly 15 years. It mayRead More »
Prices in Dutchess County rose 30 percent in 2020 The New York State Association of Realtors believes that buyer demand will remain strong and supply short for homes in the Hudson Valley, according to the Hudson Valley Post. Home prices have steadily increased in the area since early last summer when authorities lifted restrictions onRead More »
Buyers bid over asking in Westchester, Putnam and Dutchess counties as demand surged Competition for homes remains fierce in suburban and Hudson Valley communities, as buyers bid over asking, driving prices ever higher. Demand spiked in the second quarter in Westchester, Dutchess and Putnam counties. The median sale price for a home in Westchester wasRead More »
Some relocated businesses are doing more sales than they did in the city A growing number of ex-New York City dwellers are scooping up commercial real estate in Hudson Valley towns. At the onset of the pandemic last year, wealthy New Yorkers left the city for their second homes or found new houses to escapeRead More »