Inspired by the charm of Adirondack and cottage-style architecture, Cold Spring Apartments will transform the site of the former Cold Spring Hotel at 55 Spruce Street into a vibrant, intergenerational community offering 56 affordable homes. Nestled in a beautiful location surrounded by nature and proximity to Main Street, residents will enjoy the best of small-town living with easy access to shops, restaurants, and community life.

The project will offer 40 workforce apartments for households earning between 50% and 90% of the Area Median Income (AMI), and 15 senior apartments for those aged 55 and older, affordable to households earning 30% to 50% AMI. 11 apartments will have an initial lease up preference for people who “live-work” or are “hired-to-work” in Greene County. Nine apartments will have accommodations for people with disabilities, including six for people with mobility-related needs and three for those with visual or hearing impairments.

Cold Spring Apartments is designed to meet Passive House (PHIUS) standards and aims to achieve LEED for Homes Silver or Gold certification. A geothermal heat pump system will supply heating, cooling, and domestic hot water for the project, reducing the project’s carbon footprint and providing long-term savings for residents.

The development is thoughtfully designed with amenities that support a modern mountain lifestyle. Residents will enjoy free basic Wi-Fi, access to wellness spaces and community rooms, in-building laundry facilities, and dedicated trash and recycling areas. The community center will offer a multipurpose room with a kitchenette and bathroom, along with secure ski and bicycle storage. The property will also feature 92 parking spaces with multiple EV charging stations. Outdoor areas will include a playground, gardens, and seating spaces that promote relaxation and connection—helping to support residents’ mental and physical well-being. Cold Spring Apartments will enrich the fabric of Tannersville by creating a welcoming and sustainable community where people of diverse ages and incomes can thrive.

The vision for Cold Spring Apartments began when the Hunter Foundation reached out to RUPCO to help address a growing crisis: local restaurants, retail shops, and Main Street boutiques in Tannersville were struggling to stay open more than three days a week due to a lack of affordable housing for workers. In response, Cold Spring Apartments was developed to provide much-needed workforce and senior housing.