By Kouichi Shirayanagi, Bisnow New York City was the country's first truly urban area. But today, the suburbs around it, despite being linked by rail transportation, are almost entirely sprawled suburbia and present huge, untapped potential for transit-oriented development. Only 2.5% of the total land in the Tri-State region is walkable urban, according to a George Washington University School of Business Center for Real Estate and Urban Analysis study. Walkable urban neighborhoods, or WalkUPs, are a measure of high-density development with multiple real estate product types centered [...]
By Tanay Warerkar, Curbed New York A massive new rental building is set to rise on a former parking lot in Fort Greene, courtesy of RXR Realty, probably best known for their Pier 57 redevelopment project. The 12-story building will also mark the developer’s first residential project, Crain’s reports. Located at 810 Fulton Street, the building will include 363 apartments, about 20 percent of which will be affordable. The project came about after RXR purchased the lease on the property from development firm GFI Development for $28.7 million. The latter had already broken groun [...]
Each year Regional Plan Association (RPA) brings together more than 1,000 civic and business leaders from around the New York metropolitan area to discuss major issues affecting the prosperity and quality of life in the region. The 2017 RPA Assembly, which took place on April 21st, featured high profile speakers and panel discussions on how the tri-state area can fulfill the promise of economic opportunity, meet the challenge of climate change, and stay competitive with metropolitan areas around the world. RXR Realty’s Chairman & CEO Scott Rechler introduced the RPA’s keyno [...]
The RXR platform manages 90 commercial real estate properties and investments with an aggregate gross asset value of approximately $15.7 billion as of December 31, 2016, comprising approximately 25.0 million square feet of commercial operating properties and approximately 3,200 multi-family and for sale units under active development in the New York Metropolitan area.