POUGHKEEPSIE, N.Y. — Mega Development Group and Ametrine Group have broken ground on Wallace Campus, a $147 million redevelopment of a vacant former department store in Poughkeepsie. Developed in partnership with on-site social services provider Mental Health America of Dutchess County, the project will convert the former Wallace Department Store, constructed in the 1870s, into 69 apartments while creating an additional 118 units across two new buildings.
Wallace Campus will be affordable to households earning up to 80 percent of area median income. The unit mix is comprised of studios, one-, two- and three-bedroom floor plans. Thirty supportive units will be reserved for tenants eligible for on-site support services, which will include home health care management, community education and family support and advocacy.
The development will also include approximately 22,000 square feet of ground-floor commercial retail space across all three buildings. A completion date was not disclosed, but News 12 Hudson Valley reports resident move-ins could begin by mid-2028.