New Year, New Projects To Come
Happy New Year! As we kick off 2025, I’m excited to share updates on some of our latest projects and provide a look ahead at trends we’ll be watching closely this year. Thanks to our incredible partnerships, Baxter is proud to deliver projects that shape the communities we serve, from multifamily housing to hospitality. Let’s make this a strong year together!
Truly,
Brigham Farrand
Director of Business Development
PROJECT HIGHLIGHTS 2025
364 MAIN | BEACON, NY
Located in the heart of Beacon, 364 Main is a 37,000 square-foot mixed-use construction project blending modern residential living with retail opportunities. The development includes 20 residential units and 13,000 square feet of commercial space.
The project incorporates unique construction components to meet the demands of a dynamic Main Street environment, including a steel and concrete podium structure supporting residential floors, high-quality soundproofing systems, and efficient vertical circulation systems for seamless residential and commercial access. These features ensure durability, functionality, and long-term performance, adding to our growing portfolio and cementing Baxter’s reputation as a leader in multifamily construction across the Hudson Valley.
REGIONAL FOOD BANK OF NORTHEASTERN NEW YORK | MONTGOMERY, NY
GOVERNOR HOCHUL ANNOUNCES:
New Facility in Orange County Will Expand the Regional Food Bank Hudson Valley’s Capacity To Serve More Than 179,000 People in the Region, Supporting Families Facing Food Insecurity
State Investment Strengthens Food Security Efforts, Providing Essential Resources for More Than 400 Local Food Programs Across the Hudson Valley
145 NORTH CHESTNUT | NEW PALTZ, NY
The 145 North Chestnut project is a 3-story mixed-use building consisting of 72,000 square feet. The new building features 68 residential apartments, retail and 13,000 square feet of commercial space. Designed to address Ulster County’s growing housing demand, this build features shared amenities like fitness center, tenant storage, and bike-friendly infrastructure.
Positioned near the Rail Trail and the village center, these projects are designed for accessibility and convenience, reinforcing Baxter’s role as a trusted name in delivering high-quality, community-focused construction.
BAXTER MOMENT: CELEBRATING THE FOOD BANK OF THE HUDSON VALLEY'S
GRAND OPENING CEREMONY
The opening of the Food Bank of the Hudson Valley’s new headquarters in January of this year marks a huge milestone for Baxter and the region. Spanning 50,000 square feet and nearly 1.5 million cubic feet, the new facility quadruples the Food Bank’s storage capacity, allowing it to serve six counties more efficiently than ever before.
This project is a major achievement for a vital organization that supports food-insecure families across the Hudson Valley. Designed with high-volume distribution systems to maximize efficiency, the facility ensures the Food Bank can meet growing community needs for years to come. This milestone reflects not only our construction capabilities but also our dedication to building spaces that make a lasting, meaningful impact on our partners and the community.
HUDSON VALLEY HOSPITALITY: BAXTER'S EXPANDING ROLE IN THE REGION'S HOSPITALITY VENTURES
The Hudson Valley continues to solidify its reputation as a premier hospitality and tourism destination, and Baxter is proud to contribute to the region’s hospitality boom. Building on a portfolio that includes Inness, Scribner's Catskill Lodge, Wylder Windham, Little Cat Lodge, Hudson House, and the Klocke Estate, we remain a trusted partner for projects that redefine guest experiences.
Our current involvement includes the Six Bells Hotel in Rosendale, NY, a boutique property set to open in spring 2025. With 11 unique guest rooms, a café, and retail offerings, this project blends local inspiration with modern luxury, celebrating the region's rich culture. The developer, Audrey Gelman, has been highlighted in the Wall Street Journal , where she discussed her vision for the hotel, exploring the "space between luxury hospitality and theme hospitality" which promises an immersive guest experience, and featured in Curbed where it celebrates the hotel's maximalist design, contrasting it with the typical upscale upstate aesthetic.
We are also engaged in several exciting hospitality ventures across Ulster and Orange Counties. Stay tuned for upcoming newsletters, where we’ll share more details about these impactful projects and their progress.
INDUSTRY INSIGHT: MONITORING MATERIAL COSTS AND SUPPLY CHAIN TRENDS IN THE YEAR AHEAD
As we enter 2025, material costs and supply chain volatility remain key topics for the construction industry. With tariffs, global disruptions, and shifting demand impacting critical materials like steel, concrete, and lumber, staying ahead requires vigilance and flexibility.
“At Baxter, we’re closely monitoring these trends and working proactively with suppliers and partners to mitigate risk,” says Patrick Moore, Director of Construction. “Understanding these trends is crucial for us to deliver projects on time and within budget.”
Whether through early procurement strategies, bulk purchasing, or exploring alternative materials, our focus is on maintaining project schedules and budgets in an evolving market. Transparency and adaptability will be essential as we navigate the year ahead.
LET'S BUILD TOGETHER
If you’re planning a new project in 2025, we’d love to hear from you. I’m personally excited to see how our partnerships will grow and evolve this year. Let me know your thoughts on this newsletter or any ideas you have for Baxter’s future.
CONTACT
Brigham Farrand
11 Garden Street | Suite 101
Poughkeepsie, NY 12601
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Here’s to building more together!