Photo: hongquang09 / iStock / Getty Images
Plans are moving forward to redevelop the former Newburgh-Beacon Ferry parking lot into a major mixed-use apartment project on the Newburgh waterfront, local leaders confirmed this week. The project is being spearheaded by two local development groups, the Kaplan Family and the Bonura Group, who own the land.
Mayor Torrance Harvey shared that the developers will revitalize the currently unused space and bring new housing and businesses to the area. According to a report by Mid Hudson News, the large parking lot, once used by ferry riders, will be transformed into a vibrant community hub.
The redevelopment aligns with recently announced state investments in Newburgh’s waterfront and infrastructure. Governor Kathy Hochul announced that the City of Newburgh is set to receive $8.9 million in state funding for waterfront improvements and infrastructure upgrades, as part of the Regional Economic Development Council initiative. Of this amount, $6.9 million will go toward upgrading water, gas, sewer, and road infrastructure along Liberty Street, which will support at least three new mixed-use housing developments and create 209 mixed-income apartments in downtown Newburgh. Another $2 million will be used to construct a deep-water pier at Newburgh Landing, allowing cruise ships to bring more tourists to local attractions (Times Hudson Valley).
Local officials hope the development will spur additional housing and tourism growth in the city. As plans progress, more details about project design and timelines are expected to be released.