Live-work-play is the name of the game in the Hudson Valley this year. Following a string of groundbreakings for all-in-one communities like Eastdale Village in Poughkeepsie and Bellefield at Historic Hyde Park, the region prepares to welcome a new mixed-use development in Ulster County.
Fully entitled and approved by the Town of Lloyd, the tentatively titled Hudson Valley Wine Village is a 450,000-square-foot space primed for mixed-use development. A former winery, the site is owned by Harry Feinberg, who used it to produce white wine since the 1970s. Although wine production no longer occurs at the site, the venue still maintains the expansive grounds and picturesque landscaping for which it was once known.
Now, the venue hopes to attract a development or joint venture partner to commence planning and construction on the estimated $273 million project in earnest.
“We’ll begin with light industrial, which would create jobs, then a demand for housing,” explains Andrew Maxon, the Chief Operating Officer of Hudson Valley Wine Village. While he hopes to keep the plan flexible in order to work with the visions of any partners who sign onto the project, he envisions a hotel that overlooks the Hudson River, two wedding chapels, a convention center, and a restaurant as forecasted attractions at the Village.
Keeping in line with the live-work-play concept, there will also be a significant number of apartments at the Village, which rests on 437 acres between Route 9W and the Hudson River.
“We have the opportunity to develop up to 800 residential units,” says Maxon. The units will primarily be rental or for-sale models, not single-family varieties. They’ll serve as convenient abodes for locals and employees at the site, which will also welcome a light industrial firm in the southern area in the property. Maxon is open to suggestions for the space, which he sees as a potential home for budding or expanding businesses in the region.
The pre-approval status is a significant win for Hudson Valley Wine Village, which previously attempted to get up and running eight years ago. For the next stage, Maxon estimates the approval and buildout from start to finish will take 10 to 15 years and occur in phases. The industrial development will come first, followed by a hotel and a portion of the housing. Depending upon interest, the hotel could either be a boutique or chain variety.
“These are changing times in the economic development landscape in the Hudson Valley and this project is primed to be a very special addition to New York State,” Maxon observes.