POUGHKEEPSIE – An in-depth environmental assessment has begun at the Crannell Street parking lot at the corner of Mill and Catharine Streets in Poughkeepsie.
Kearney Realty and Development Corp. purchased the corner of the municipal parking lot from the city to make way for the Crannell Square project in partnership with Hudson River Housing. The project is expected to be completed in eighteen months.
The 1.22-acre parcel had been used as a dumping ground for various construction debris during the urban renewal period of the 1970s. On Tuesday, Kearney closed on the property sale and City Administrator Marc Nelson touted the deal while noting the $462,000 that the city will be adding to the coffers.
Kearney Realty President Ken Kearney said “We are thankful for the support this project received from the City of Poughkeepsie and we are excited to continue the revitalization of this great city.”
“This project is exciting and so important to the City, but for me today it’s particularly rewarding to see the shovels hit the ground because of the great work done by our Planning and Economic Development team for more than a year. We know we can expect another terrific development by the Kearney team, and it couldn’t come at a better time for Poughkeepsie. When we look for local signs of economic recovery, this is a big one, right on our Westbound Arterial,” said Nelson.