RXR Realty's Scott Rechler thanks the labor force working on Pier 57 for the extraordinary commitment and tireless dedication towards making the redevelopment of the historic structure a success. Follow @rxr_realty on Instagram and @scottrechler on Twitter. [...]
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 [...]
By Christine Hauser, New York Times From a soaring skyscraper to the wide span of a bridge, landmarks and buildings around the world are often called upon as torchbearers of grief after mass tragedies. The Eiffel Tower in Paris went dark after a bomb attack in October that killed hundreds of people in Somalia. The spire of 1 World Trade Center in New York was lit up in rainbow colors last year, one of many buildings to reflect the mourning over the dozens killed in a nightclub shooting in Orlando, Fla. And starting Wednesday, one month after the mass shooting in Las Vegas, at least 52 [...]
The RXR platform manages 74 commercial real estate properties and investments with an aggregate gross asset value of approximately $17.7 billion, comprising approximately 23.7 million square feet of commercial operating properties and approximately 6,000 multi-family and for sale units in various stages of development in the New York Metropolitan area as of September 30, 2017, adjusted for transactions through October 18, 2017. Gross asset value is compiled by RXR Realty in accordance with company fair value measurement policy and is comprised of capital invested by RXR and its partners, as well as leverage.