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Private investment

Business
Commercial Plaza With ShopRite Tenant Sold For $8.175 Million Commercial Plaza With ShopRite Tenant Sold For $8.175 Million
Commercial Plaza With ShopRite Tenant Sold For $8.175 Million A large ShopRite Plaza in the Hudson Valley has sold for $8.175 million. The 56,000-square-foot-plaza in Ulster County, located at 100 ShopRite Boulevard in Ellenville, was sold by Marcus & Millichap, through the company's Westchester office. The sale was handled by Joseph French Jr. and Kodi Traver, investment specialists who had the listing to market the property on behalf of a private investor.  John Krueger, regional manager for the Westchester office, assisted in closing this transaction. The property was originally under contract in February, but the sale fell through due t…

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by Kathy Reakes
Business
'The Hive,' $10M Development Planned For Poughkeepsie, Includes Food Mart, Brewery 'The Hive,' $10M Development Planned For Poughkeepsie, Includes Food Mart, Brewery
'The Hive,' $10M Development Planned For Poughkeepsie, Includes Food Mart, Brewery If plans continue as projected, Poughkeepsie residents will soon have a $10 million development where they will be able to shop, eat, enjoy a freshly brewed beer and even live. Called "The Hive," a partnership between MASS Design Group and R. L. Baxter Building Corporation, the developers and the city are hoping to offer downtown resident's a walkable, one-stop destination. Located at span 33 and 35 Academy St., the development recently received $1,205,00 in grant funds as part of the city's continuing efforts for development and green infrastructure projects, Mayor Rob Rolison said in a pr…

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by Kathy Reakes