Executive Summary

The O’Neill Group-Dutton, LLC is the owner of an 11.82+/- acre parcel of land located on the banks of the Hudson River, just north of the Walkway Over the Hudson State Park. It is bounded on the East by North Water St., on the South by Dutchess Ave, on the West by the Hudson River and on the North by the Hudson River Rowing Association, Vassar and Marist Boathouses. Approximately 1/3 of the parcel is in the Town and 2/3 is in the City of Poughkeepsie.

The land was purchased by The O’Neill Group-Dutton, LLC on October 1, 2004. We were accepted into the Brownfield Clean-up Program in July of 2005. The BCP program provides tax credits for volunteers who complete the remediation of the contaminated property. A Remedial Action Workplan was approved by New York State Department of Environmental Conservation in January, 2009. The DEC approved the Remedial Design Work Plan (RDWP), the roadmap for the actual work needed to clean the property, in June, 2011. The clean-up has begun. Demolition of several buildings and removal of chemical and petroleum tanks has been completed. Removal of contamination from buildings is ongoing.

Presently, an application to change the zone in both the Town and the City from Industrial to Residential is pending. We are seeking to construct a project of 384 units with more than 12,000 square feet of commercial space.

a. Project components, including number of units, commercial uses, square footage and overall layout:

• The site plan proposes up to 384 units of 1, 2 and 3 bedroom luxury condominiums and townhouses
• Between 12,000 and 20,000 square feet of commercial space is proposed for uses as restaurants, retail, office and related uses. This will be located primarily along Dutchess Ave, where the public road meets the Hudson River.
• A public park with a walkway along the Hudson River banks is proposed and funding and support for the public space is already underway.
• Private amenities such as a spa/gym, clubhouse, pool, screening rooms and other amenities will be a part of the community.
• Underground as well as surface parking at a ratio of approximately 1.5 parking spaces per unit is part of the site plan.
• Pedestrian and bicycle friendly layouts and storage areas.
• Handicap accessibility
• Green technology designs

The architecture and layout of the development will take full advantage of the location on the Hudson and near the train station, as well as” Walkway Over the Hudson”, the new State Park that looks over the River and our site; and is less than 1/10 of a mile from the property. From the Bridge, visitors will get a view of the new luxury community that will herald Poughkeepsie’s renaissance and economic vitality.

As mentioned before, the site is 1/3 of a mile from the Poughkeepsie Railroad Station. It is a stop on Metro North, which ends at Grand Central Station in New York City. The station is also a stop for Amtrak, the rail service that runs the entire east coast from Massachusetts to Florida.

In the immediate surrounding area there are coffee shops, The Children’s Museum, Marist College, river front parks (Waryas and Longview), Main Street Poughkeepsie with several restaurants and other local shopping. The property is one block west of Route 9, which has Home Depot, supermarkets, The Galleria at Poughkeepsie Mall and all other possible retail stores. Culinary Institute of America is just north on Route 9. The Mid-Hudson Bridge, which provides access to New Paltz, Highland, Route 9W and the west side of the Hudson River is less than a mile from the site.

The project is adjacent to a new proposed greenway trail/public park on the bank of the Hudson River. The 2.45 acre parcel is owned by the State of New York and The O’Neill Group-Dutton, LLC is currently working with the State to help clean up the Brownfield and design and construction of the future green space. Ultimately, the property will be transformed from a Brownfield into a public park that will add almost 1.400 feet and nearly 2 1/2 acres to the Greenway Trail. With the addition of this property, The City of Poughkeepsie will be a significant step toward realizing its goal of a publicly accessible walk from it southernmost point and to its northern point. The park will be completely accessible from a public street, Duchess Ave. It will also expand the area encompassed by Walkway Over The Hudson and other attractions such as the Children’s Museum.