11 Parcel Development Site - Church St, Academy St, & Noxon St

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

Description:

Offered for Sale: 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 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

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