- Location: Poughkeepsie, New York
- Number of Units: 54 rental units, street level retail
- Total Development Cost: $13 million
- Status: Residential units fully occupied and commercial space leased
D+B developed the Hamilton in partnership with Pennrose Properties, LLC. The development, which occupies a former “brownfield” site on Main Street in downtown Poughkeepsie, illustrates the promise of transforming brownfields—abandoned, former commercial or industrial properties that are often in need of significant environmental remediation—into core elements of revitalized communities.
In keeping with central Poughkeepsie’s architectural character, the three-building project’s design emulates a late 19th-/early 20th-century streetscape. Financing included funds from the New York State Division of Housing and Community Renewal, a grant from the Federal Home Loan Bank’s Affordable Housing Program, and assistance from city and county governments. Construction was completed and the building occupied in the spring of 2006. The commercial space was successfully leased.
For more detailed information on this and other D+B development projects, please download our full Development Qualifications document.