POUGHKEEPSIE – The City of Poughkeepsie was awarded a $10 million in state funding during Round Eight of the Downtown Revitalization Initiative in 2025 and submitted 16 projects they hoped would share in the funding.  On Thursday, Governor Hochul released the list of 10 projects approved for funding.

Submitted projects included a new mixed-use development at 316 Main Street, converting Market Street from a one-way into a two-way street between the east and west arterials, and developing 47 and 51 Cannon Street into a new mixed-use development.  The projects submitted for approval totaled $14.7 million.   .

“I am thrilled to announce that the Mid-Hudson Valley will break ground on over two dozen new projects with this funding,” Governor Hochul said. “With these investments, Mid-Hudson Valley residents can expect upgraded civic, commercial and cultural spaces for families to take advantage of and more housing to drive down costs in their neighborhoods.”   In addition to the 10 projects in Poughkeepsie, six projects were announced for Dobbs Ferry, a Round Three winner of a $4.5 million NY Forward award, and nine were announced for Nyack, also a Round Three winner of a $4.5 million NY Forward award.

The 10 Poughkeepsie DRI projects, totaling $9.7 million, include:

  • Revitalize 316 Main Street with a New Mixed-Use Development ($1,000,000): Construct a new building at 306 and 316 Main Street with residential units and retail space targeted toward a grocery store.
  • Convert Market Street to a Two-Way Street ($1,230,000): Convert Market Street to a two-way street, changing to a single lane in each direction, with improved pedestrian and bicycle infrastructure, including a protected 2-way cycle track.
  • Construct New Mixed-Income Housing at 488 Main Street ($1,451,000): Construct a new mixed-use, mixed-income building with apartments and ground-floor commercial space at 488 Main Street.
  • Restore the Former Catherine Street Community Center for Community Matters 2 ($603,000): Restore and reactivate the vacant Community Center at 69 Catherine Street for use by Community Matters 2, a nonprofit youth and community service organization.
  • Establish a New Multi-family Rental Community at the Site of Pelton Manor ($1,250,000): Establish a new multifamily rental community at the site of Pelton Manor, which will include residential buildings and the restoration of the historic Pelton House.
  • Transform 27 High Street with Adaptive Reuse and New Construction to Create a Mixed-Income Development ($1,000,000): Transform the vacant former Dutchess County office building at 27 High Street with adaptive reuse of the existing building and new construction to create a mixed-income residential development.
  • Develop Vacant Buildings at 47 and 51 Cannon Street into a New Mixed-Use Development ($1,500,000): Create a new six-story mixed-use development with residential units, commercial space and an underground parking garage at 47 and 51 Cannon Street.
  • Convert the Former Cigar Factory into Workforce Housing ($1,000,000): Convert the vacant former cigar factory at 15 North Cherry Street into workforce housing with adaptive reuse and new construction.
  • Launch a Public Arts Program to Establish Poughkeepsie as a Vibrant Arts City ($350,000): Establish an art-based public improvement strategy for the DRI area. Install murals, sculpture and other media at underutilized and strategic sites throughout the DRI Area.
  • Activate the Underutilized Concession Bar at the Poughkeepsie Train Station with a New Cafe and Cocktail Bar ($316,000): Establish the Grand Concourse cafe and cocktail bar at the historic Poughkeepsie Train Station.

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Rendering of the proposed Pelton Manor, which has been approved for $1.25 million in DRI funds


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