Phase-two planning kicks off at $500M development in Hyde Park

May 15, 2019 04:59PM

Phase-two planning has started at Bellefield at Historic Hyde Park in Dutchess County, the Mid Hudson News reported. T-Rex Capital Group affiliate Bellefield Development Partners broke ground on the $500 million development last summer when it started to construct a 133-key hotel called The Inn at Bellefield and install infrastructure, according to the outlet. The second phase of construction will include a second hotel and conference center, as well as a “lively, urbane-but rustic public space… that will include mixed-use retail and residential space,” the developers said in a release. “We are very pleased with how well construction at Bellefield at Historic Hyde Park has been progressing and to share the news of this exciting next step,” T-Rex Capital Group’s CEO Tom Mulroy said in a statement. [MHN]