HYDE PARK – The first phase of vertical construction at Bellefield at Historic Hyde Park, the Inn at Bellefield by Residence Inn, is scheduled for completion in the fourth quarter of the year.
Officials of the $1 billion Bellefield project briefed the Hyde Park Chamber of Commerce on Thursday.
The inn will contain 137 rooms in a $52 million project being developed by T-Rex in partnership with Shaner Hotel Group, LP. It is the first of two hotels to be constructed there.
The next phases of construction include 400,000 square feet of retail and commercial space that will include restaurants, breweries, a high-end grocer, daycare, co-working space, a film production studio, and agriculturally themed specialty shops.
There will also be some 600,000 square feet of residential space that includes 344 rental units and 129 condominiums.
Located across Route 9 from the Culinary Institute of America, Bellefield will consist of 2.1 million square feet of development.
Residential space will comprise 60 percent of the project; commercial space is 40 percent.
More than half of the property’s 340 acres will remain as undeveloped woods.
