HYDE PARK, N.Y. (Oct. 3, 2023) – Bellefield at Historic Hyde Park, a world-class hospitality, tourism and residential destination now under construction, has established a $500,000 scholarship program to benefit graduating Hyde Park Central School District seniors in financial need who are committed to academic success, serving the Hyde Park community and attending post-high-school education.
The Bellefield-Mulroy Family Scholarship Fund, created via a community benefit agreement between Bellefield and the school district, will provide $25,000 a year for 20 years. Scholarships will be open to students pursuing a degree in education; STEM (science, technology, engineering or math); fine and performing arts; and the culinary arts. Recipients must attend a two-year or four-year college/university or vocational school in New York State.
The terms of the scholarship were determined in consultation with the Hyde Park Central School District. A committee, including a Bellefield representative, will consider potential recipients. Details on how to apply will be announced at a later date.
“Just as Bellefield is investing in Hyde Park, it’s equally as important to invest in Hyde Park’s youth and future,” said Thomas Mulroy, Chairman and Chief Executive Officer of T-Rex Capital Group LLC. “We’re pleased that the Bellefield-Mulroy Family Scholarship Fund will help motivated graduates realize their dreams, decrease tuition burdens and ultimately benefit the region’s quality of life for generations to come.”
The Hyde Park Central School District’s Board of Education and Dr. Pedro Roman, Superintendent of Schools are appreciative of Bellefield’s donation. According to the Board and Dr. Roman, “The Bellefield-Mulroy Family Scholarship Fund will support college and/or career pathways for students that will provide them with financial independence and positively shape their lives.”
Hyde Park Town Supervisor Alfred (Al) Torreggiani, who was instrumental in progressing the scholarship, said, “By establishing this generous scholarship, Bellefield at Historic Hyde Park will make Hyde Park an even more attractive place to raise a family,” he said. “The education of our youth always must be paramount and this scholarship – along with opportunities to eventually experience, learn from and potentially seek careers at Bellefield’s many attractions – are superb investments in our future.”
Michael Oates, President of the Hudson Valley Economic Development Corp., echoed that praise. “A singular focus for Bellefield has always been to ensure that Dutchess County remains a great place to live and work. Establishment of this impressive scholarship supports that,” he said. “Bellefield, as a multi-faceted hospitality and tourism destination, will not only be an immediate boon to the local economy, but also will advance the region’s growth and families for years to come.”
Bellefield at Historic Hyde Park is committed to being a supportive member of the local community and looks forward to welcoming visitors to the opening of the development’s first hotel, the Inn at Bellefield, in December. The Inn at Bellefield, with 137 rooms, is a $55 million project developed by T-Rex in partnership with Shaner Hotel Group, LP. It is the first of two hotels the completed development will offer. At completion, the total project will feature:
- 830,000 square feet of hospitality, commercial, and community spaces featuring restaurants, breweries, community gardens, a high-end grocer, day care, co-working spaces, a film production studio, a performing arts center and amphitheater, and much more.
- 801 residential units comprised of apartments, condominiums, townhomes, and single-family cottages, patio-homes and estate homes.
Bellefield at Historic Hyde Park will create much-needed quality housing and accommodations, generate hundreds of construction jobs and full-time opportunities for future businesses, and work to foster a vibrant community that attracts and retains today’s students and tomorrow’s leaders.
About the Hyde Park Central School District
The Hyde Park school community has high expectations and standards for all students. We challenge and inspire individuals to become creative and critical thinkers who make ethical choices. Our students will be able to work both independently and collaboratively to solve problems. They will become life-long learners and responsible citizens in a democratic society and be prepared for the demands of a highly technological and global community. Our schools provide nurturing, respectful environments that develop and support our students’ intellectual, social, emotional, physical, and aesthetic development. We celebrate diversity and foster a sense of belonging for all students, emphasizing the importance of contributing to the greater community. The Board of Education, teachers, administrators, school staff, parents, students, and community members all share the Hyde Park Central School District Portrait of a Learner and Employee. The Hyde Park Central School District is dedicated to continuous improvement. It is committed to maintaining the flexibility necessary to anticipate and respond to a changing world in service of our students, families, and community.
About Bellefield at Historic Hyde Park
Bellefield at Historic Hyde Park is a $1 billion tourism destination under development on Route 9, across from the Culinary Institute of America. Plans call for development of two hotels, a conference center, free-standing and inline signature restaurants, brewery, winery, a spa, culinary-based retail establishments and residential. Fifty-eight percent of the site’s 340 acres will remain wooded and undeveloped with another 48 acres devoted to agricultural use to preserve the natural beauty of the site. New York State’s Mid-Hudson Regional Economic Development Council has selected Bellefield at Historic Hyde Park as a “priority project.” For more information about Bellefield at Hyde Park and T-Rex Capital Group LLC, visit BellefieldHydePark.com.
About T-Rex Capital Group LLC
T-Rex Capital Group LLC is an experienced privately held real estate firm. T-Rex has sourced and invested in proprietary transactions encompassing more than 11 million square feet with a gross asset value of over $2.5 billion. Its key executives average more than 25 years of experience with more than $7 billion of investing and development experience. For more information, visit TrexCapitalGroup.com.
###
