Poughkeepsie… Dutchess County Executive William R. Steinhaus completed a multi-million dollar land sale today with Baker/Gagne LLC for 339 acres located across from the Culinary Institute of America in Hyde Park. The land was purchased for the agreed-upon price of $2,750,000. The developers plan to build St. Andrews at Historic Hyde Park – a sustainable, pedestrian-oriented village.
“We could have simply sold the land to the highest bidder,” said County Executive William R. Steinhaus. “Instead, we solicited and actively sought out a mixed-use development proposal that would be built to the highest standards of development. This project will add significantly to Hyde Park and the County’s economy.”
Gagne Development LLC and Baker Companies have combined to form Baker/Gagne LLC to create and develop the $365,000,000 project. St. Andrews at Historic Hyde Park retains significant amounts of open space, while establishing a village with a full retail, residential and office mix. The proposal is in final stages of conceptual review by the Hyde Park Town Board.
“This project is a wonderful example of the ideals that I have challenged developers to rise to in my 2007 State of the County Address “Dutchess Goes Green.” This project is much “greener” than any plan that would have developed just a few years ago. It is compact, preserving nearly 50% of the area as open space and is center oriented,” said Steinhaus.
A significant feature of the planned development process is an agreement among the developers, the Town and the County Water and Wastewater Authority to construct a wastewater treatment plant at St. Andrews at Historic Hyde Park. It will be designed to receive sewage from properties along Route 9 as far north as Linden Lane.
J. Pierre Gagne, President and CEO of Gagne Development LLC, has maintained a desire to cooperate with local businesses and the Town so that the construction at St. Andrews at Historic Hyde Park will serve to strengthen all aspects of the local economy. Accordingly, he is constructing the sewer plant with capacity to serve the Route 9 properties as well as making a significant contribution to the pipeline north of the St. Andrews at Historic Hyde Park project.
“The planning review process has been long and arduous,” said Gagne, “but we soon can begin to focus on initiating the first phase of development.” In this phase, there are plans to cooperate with the Culinary Institute of America to construct a hotel, conference center and continuing education center.
The Town of Hyde Park is using a recently-completed a Map Plan and Report prepared by Morris Associates to establish initial sewer district boundaries. A referendum to establish the district will occur this summer.
“Today’s title transfer is a win/win situation,” said County Executive Steinhaus. “The land has already moved onto the tax rolls and will eventually deepen our economy with new jobs and value-added growth,” he said.