The Town of Hyde Park’s Planning Board has given site plan approval for Phase IIA of the Bellefield at Historic Hyde Park project on a 340-acre property. The development ultimately is expected to result in approximately 2.1 million square feet of mixed-use construction. The project is anticipated to create approximately 370 permanent jobs. Bellefield is located on Route 9, across from the Culinary Institute of America.
Phase IIA calls for the construction of four buildings containing 12 townhomes with an entrance barn. Also to be built are a street network, sidewalks, parking facilities and water and sewer extensions.
The project is being built by Bellefield Development Partners, an affiliate of T-Rex Capital Group, LLC.
Construction has been underway on The Inn at Bellefield by Residence Inn, a 137-room hotel with an estimated cost of $52 million. The hotel was nearing completion at the end of November. The start of its construction marked the beginning of above-ground work that had been delayed for two years due the Covid pandemic. Work on infrastructure continued during the pandemic.
Residential space comprises 60% of the project; commercial space is 40%. More than half of the 340 acres are to remain as undeveloped woods. Plans call for development of two hotels, a conference center, free-standing signature restaurants, a brewery, a winery, a spa, culinary-based retail establishments and residential. There would be 344 luxury-rental units and 129 luxury condominiums.
At the end of October, Bellefield announced that it was establishing a $500,000 scholarship fund to benefit seniors in the Hyde Park Central School District who had financial needs. The fund is to provide $25,000 in scholarships each year over 20 years.
