The Village of North Hills Board of Trustees and a luxury condominium developer have mended their disagreement and are ready to see the Ritz Carlton Residences to completion. RXR Realty can combine 28 condos at the high end complex into 14 larger ones, the board ruled Jan. 20, but they’ll still count as 28 toward the previously approved total of 244 units. The board’s decision allows RXR to start closing apartment sales in early March, executive Frank Haftel said, a step forward despite the numbers issue. The firm will separately present plans for the second phase in Febru [...]
Developer Scott Rechler hasn’t lost his taste for New York real estate. Just three months after selling a big chunk of his Manhattan portfolio to Blackstone Group, he is buying the historic office tower at 230 Park Avenue for $1.2 billion. Mr. Rechler’s company, RXR Realty, has closed on the purchase of the 1.4 million square foot building from a venture of Monday Properties and Invesco. The building, which is sometimes referred to as the Helmsley Building, is just north of Grand Central Terminal and known to many because Park Avenue foot and vehicle traffic run through it. The deal [...]
Register now for the 9/11 Memorial 5K Run/Walk on Sunday, April 24, 2016, presented by RXR. The fun begins at 8am at Pier 26. Enjoy a scenic route along the waterfront esplanade from Pier 26/Tribeca to The World Trade Center. The race ends with a family-friendly Community Day festival open to the public. Community Day will take place on Greenwich Street between Fulton Street and Albany Street, 9am to 2pm. Indulge in food, entertainment, and activities for all ages. *All those participating with Team RXR should meet in front of the stage at 7:30am the day of the race to take a
RXR Realty’s operating platform manages 88 commercial real estate properties and investments comprising 23.1 million square feet with an aggregate gross asset value of approximately $12.2 billion as of September 30, 2015. In addition, RXR has a residential development pipeline of approximately 3,000 residential and for sale units in the New York metropolitan area.