As New Rochelle pushes forward with the redevelopment of a large swath of land around its train station, city officials are promising that taxpayers won’t have to foot the bill. Earlier this month, the City Council approved an agreement with a venture of developers—RXR Realty and Renaissance Downtowns LLC—to come up with a master plan for revitalizing 11 acres of city-owned land around New Rochelle’s train station, which serves both a Metro-North train line out of Grand Central and Amtrak trains coming from Penn Station. The plan—which is expected to include a mixture of office [...]
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 [...]
'Tis the season at RXR Plaza. RXR will be ushering in the 2015 holiday season with Long Island's favorite tree, lit from December 5th, 2015 to January 3rd, 2016. Our beautiful, soaring Norwegian spruce sets the backdrop for RXR Plaza's festive outdoor ice-skating rink. It's the perfect time to dust off your skates and get into the spirit! And if you'd rather not brave the cold, join us in the lobby for one of the many musical performances scheduled throughout the month. In addition to festivities at RXR Plaza, we will be continuing our holiday tradition of giving back to our communities th [...]
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.