Bellefield at Historic Hyde Park in the Hudson Valley, a world-class hospitality, tourism and residential destination now under construction, has established a $500,000 scholarship program to benefit graduating Hyde Park Central School District seniors in financial need who are committed to academic success, serving the Hyde Park community and attending post-high-school education.
In addition, The Bellefield-Mulroy Family Scholarship Fund, created via a community benefit agreement between Bellefield and the school district, will provide $25,000 a year for 20 years. Scholarships will be open to students pursuing a degree in education; STEM (science, technology, engineering or math); fine and performing arts; and the culinary arts. Recipients must attend a two-year or four-year college/university or vocational school in New York state.
The terms of the scholarship were determined in consultation with the Hyde Park Central School District. A committee, including a Bellefield representative, will consider potential recipients.
The Hyde Park Central School District’s Board of Education and Dr. Pedro Roman, Superintendent of Schools are appreciative of Bellefield’s donation. According to the Board and Roman, “The Bellefield-Mulroy Family Scholarship Fund will support college and/or career pathways for students that will provide them with financial independence and positively shape their lives.”
Michael Oates, president of the Hudson Valley Economic Development Corp., echoed that praise. “A singular focus for Bellefield has always been to ensure that Dutchess County remains a great place to live and work. Establishment of this impressive scholarship supports that.”
The Inn at Bellefield, with 137 rooms, is a $55-million project developed by T-Rex in partnership with Shaner Hotel Group LP. It is the first of two hotels the completed development will offer. At completion, the total project will feature 830,000 square feet of hospitality, commercial and community spaces featuring restaurants, breweries, community gardens, a high-end grocer, day care, co-working spaces, a film production studio, a performing arts center and amphitheater.
The 801 residential units will be comprised of apartments, condominiums, townhomes, single-family cottages, patio-homes and estate homes.
Bellefield at Historic Hyde Park will create much-needed quality housing and accommodations, generate hundreds of construction jobs and full-time opportunities for future businesses and work to foster a vibrant community that attracts and retains today’s students and tomorrow’s leaders.
T-Rex Capital Group LLC is an experienced privately held real estate firm, which has sourced and invested in proprietary transactions encompassing more than 11 million square feet with a gross asset value of over $2.5 billion. Its key executives average more than 25 years of experience with more than $7 billion of investing and development experience.
