Institutional investment fund sponsor Foss & Company and environmental nonprofit Scenic Hudson have closed on a former manufacturing facility at 58 Parker Avenue and 164 Garden Street in Poughkeepsie. This historic tax credit project will see an extensive renovation and reinvention for five interconnected Standard Gage manufacturing buildings, which have been vacant since the company’s departure from the area in 2002.
Aerial view of project site plan, via ny.gov
Standard Gage was a precision manufacturing company based in Poughkeepsie that specialized in the manufacture of dials and gages in the 20th century. The majority of the company’s manufacturing operations eventually moved to Switzerland, and the spaces that they vacated in Poughkeepsie are unused today.
Scenic Hudson is well known for its expertise in land conservation, environmental advocacy, and restoring river access, and will be taking the lead on the conversion of the historic spaces into a modern community hub. Notably, the renovated buildings will be entirely solar-powered, with plans to install solar panels on building rooftops and parking lot canopies. A low-energy heating and cooling system will also be employed across the development, making the project one of the most energy-efficient HTC investments in Foss & Company’s portfolio.
164 Garden Street, via Google Maps
“We’re excited to continue our dynamic partnership with Foss & Company, which is allowing us to create this one-of-a-kind space,” said Jason Camporese, Scenic Hudson’s chief finance and operations officer. “Once completed, Scenic Hudson will utilize the energy-efficient site not only for staff offices, but as a community hub for meetings, classes, events, and more, as well as a gathering place for convening regional, state, and national partners.”
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Lotsa feet picking around these parts.