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Back
in 1996, Robert Chiulli of Fishkill Creek
Development Co. bought a
19th-century textile mill in Beacon, a
diamond in the rough, and over 3.4
million has been invested in bringing it
back to life. Extensive
rennovations are being made to the
property and it will become another
jewel in Hudson River city’s growing
crown.
The Fishkill Creek
Development Co. has been a development company
for many years and has been
successfully
developing and building commercial and
residential properties in Westchester and New
York City.
The
Mill was being rennovated by Fishkill
Creek Development Co. to accomodate Beacon's
growing artists' community. A
Storage facility was designed and zoning
changes were approved to accodate Artists
Living and Working space.
The approval of the zoning change, along with
Empire Zone status brought
the project into full swing. Robert
Chiulli's developer’s instinct paid off. And he
is grateful to Rhinebeck Savings Bank for its
faith in his foresight – aided by his proven
track record – when it lent him the money to
purchase the 200,000-plus-square-foot
property. More than $3.4 million has been
invested in restoration of the mill buildings –
not including what he paid for the property,
which was not disclosed.
The old mill’s former
management building is now Beacon Storage, with
300 climate-controlled units. The ground
floor entry is now the
main office.
The three-story building
where the first 12 live/work lofts are
currently under construction will offer
approximately 1,000 to 1,800 square feet of
space in each unit. The market-rate rentals
will offer new kitchens and
baths; original maple flooring (sanded and
finished) and the cleaned brick walls exposed.
“That’s the
look that Artists want. It’s
nice to be able to provide it”. New
15-foot-high windows span the exterior walls
allowing light to stream into the loft
area.
Extensive landscaping outside of the property
is being planned and rennovated– walkways and
gardens with nooks and crannies with benches
and tables for tenants to enjoy will
replace the crumbling
concrete.
The mill’s location is
practical, too, added the developer: “The bus
stops right on the corner, and residents can go
into town, down to the waterfront just to take
a walk or catch the train. I know this is going
to be a desirable place to live and work and
will be a terrific addition to the
community.
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