HIGHLAND FALLS – A plan to develop a hotel on Main Street in Highland Falls, right outside the Thayer Gate of West Point, has secured financial incentives from the Orange County Industrial Development Agency.
IDA Chief Operating Officer Laurie Villasuso said the applicant, HF Main Street Real Estate, Inc., plans to construct a hotel, restaurant, office and retail space.
“It’s a $39 million project with 72 jobs. They received their initial approval a while ago, and during this COVID time it has taken some time to get through the planning board, but now that they have gotten their state environmental quality review, the board of the IDA has approved their final resolution to have a sales and use tax exemption, a mortgage recording tax exemption if necessary and a 10-year PILOT,” she said.
Plans also call for conference space, a spa and structured parking.
