News 12 is getting an exclusive look inside one of the Hudson Valley’s largest housing developments, where thousands of people are expected to live once construction is complete.

Tuxedo Reserve spans more than 1,000 acres just off Route 17 and the New York State Thruway. The mixed-use development will eventually include more than 1,600 homes, townhomes and apartments, along with shops, restaurants and other amenities designed to create a walkable downtown.

“It has it all. It’s town and country living,” said developer Dillon Norris.

Developers say more than 1,000 homes have already been built, with about 5,000 residents ultimately expected to call the community home. The next phase includes the Barn Market, retail space, restaurants and hundreds of luxury apartments.

“I’m trying to think of examples in the world that are quite like this, and I can’t think of any,” said developer Greg Gushee. “It’s a very special community we are building.”

The new homes and townhomes are selling for between about $700,000 and $1 million. Developers have not yet announced pricing for the apartments.

The project also comes as New York continues investing billions of dollars to help address a statewide housing shortage, much of it focused on creating and preserving affordable housing.

Alexandra Obremski, president and CEO of Hudson Valley Pattern for Progress, said developments like Tuxedo Reserve still play an important role.

“There is a shortage of housing throughout the Hudson Valley,” Obremski said. “That means all types of housing.”

She said while affordable housing remains a significant need across the region, increasing the overall housing supply can also help address the shortage.

Reaction from residents has been mixed.

Tuxedo resident David Fierman said he believes the development will help local businesses and bring new life to the town.

“I think Tuxedo Reserve will help the town thrive,” Fierman said.

Others worry the growth will come at a cost.

David Cutler, whose family has lived in Tuxedo for more than a century, said he’s concerned about the loss of open land and believes the project has already changed the community.

Another resident, Therese Haussner, acknowledged traffic will likely increase but said she believes many people are overlooking the economic benefits the development could bring.

News 12 reached out to the Town of Tuxedo and the Tuxedo Union Free School District for comment about the project’s potential impact but had not heard back.

The current phase of apartments, shops and other amenities at Tuxedo Reserve is expected to open as early as this fall.