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

Investment Overview

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

Investment 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