Kearney Realty Site Development Agreement Amendment (137 Smith Street; 140 and 146 Montgomery Street)
Description
A second amendment to the site development agreement for transferring and redeveloping three city properties was proposed for council action.
Impact summary
The altered Schedule E changes retail space and residential unit counts; the rental-license requirement binds long-term property maintenance.
Applicant
- Name
- The Kearney Realty & Development Group, Inc.
- Address
- 137 Smith Street; 140 Montgomery Street; 146 Montgomery Street, Newburgh, NY
At a glance
- Hearings
- 4
- Public comments
- 0
- Total mentions
- 4
Last vote · City Council
Last discussed May 11, 2026.
Meeting timeline (4)
City Council - May 11, 2026
The Council was scheduled to consider an amendment to the site development agreement with Kearney Realty & Development Group plus a PILOT agreement — the tax deal that goes with the project.
City Council - May 7, 2026
A redevelopment deal for three city properties stays tabled until Monday, now including MWBE community-benefit terms and a rental-license maintenance requirement in the PILOT.
City Council - Apr 27, 2026
A second amendment to the site development agreement for transferring and redeveloping three city properties into the Newburgh Green Apartments affordable housing project — tabled until the full pro forma financials are reviewed.
City Council - Apr 23, 2026
The council was scheduled to review an amendment to its site development agreement with Kearney Realty & Development Group and a proposed PILOT (tax-incentive) agreement tied to the developer's project.
Related issues (3)
Bourne and Kenney PILOT agreement
The council pushed for stronger language to protect residents of the Kennedy Homes development, but the developer's attorneys haven't responded yet. The item stays on the table pending Monday's council meeting.
Kearney Realty PILOT and development agreements
The Smith/Montgomery Streets redevelopment deal — with a PILOT tax agreement — is one step from a vote, with new attention on whether MWBE hiring promises are enforced for real.
1 Lafayette PILOT for affordable housing
The council approved the amended site development agreement and PILOT for Kearney's project, pitched as 'development without displacement' with a right-of-return policy for families displaced by urban renewal. One council member voted no on the development agreement.
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