Hudson River Development
There was an interesting development reported yesterday concerning the former Hudson River Psychiatric campus. According to the Poughkeepsie News, three Hudson Heritage partners sold their shares of the property to the remaining partner who plans to continue redevelopment. There’s a more extensive article on the story available today: 3 Sell Psych Center Property Share.
Hopefully this isn’t a bad sign for the future of the Kirkbride. It’s probably premature to even think that, but it’s hard not to consider, especially with the fire last year and the resulting damage. Arnold Moss’s comment about the economy being terrible for real estate development doesn’t sound very optimistic either.
