25 Revitalization Project Awards Going To Poughkeepsie, Dobbs Ferry, Nyack

ALBANY—New York State officials announced on May 14 awards for a total of 25 transformational projects for the Mid-Hudson Valley as part of two economic development programs: the Downtown Revitalization Initiative (DRI) and NY Forward.

Ten projects were announced for Poughkeepsie, the Round 8 winner of a $10-million DRI award; six projects were announced for Dobbs Ferry, a Round 3 winner of a $4.5-million NY Forward award; and nine were announced for Nyack, also a Round 3 winner of a $4.5-million NY Forward award. 

Some of the major revitalization projects totaling $9.7 million on tap in the City of Poughkeepsie’s downtown corridor include:

•  Constructing a new building at 306 and 316 Main St. with residential units and retail space targeted toward a grocery store. ($1,000,000)

• Converting Market Street to a two-way street, changing to a single lane in each direction, with improved pedestrian and bicycle infrastructure, including a protected two-way cycle track.  ($1,230,000)

New York State announced nine projects totaling approximately $4.5 million for Downtown Nyack, NY. Major revitalization programs were also reported for the City of Poughkeepsie totaling $9.7 million and $4.5 million in Dobbs Ferry.

•  Constructing a new mixed-use, mixed-income building with apartments and ground-floor commercial space at 488 Main St. ($1,451,000).

• Establishing a new multifamily rental community at the site of Pelton Manor, which will include residential buildings and the restoration of the historic Pelton House. ($1,250,000).

• Transforming the vacant former Dutchess County office building at 27 High St. with adaptive reuse of the existing building and new construction to create a mixed-income residential development. ($1,000,000)

Also in the works is a project to create a new six-story, mixed-use development with residential units, commercial space and an underground parking garage at 47 and 51 Cannon St. ($1,500,000), and plans to convert the vacant former cigar factory at 15 North Cherry St. into workforce housing with adaptive reuse and new construction. ($1,000,000).

Published: May 19, 2026.

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