By The Leader - The North Shore’ Leading Weekly, Locust Leader The $1 billion vision to restore 56 acres of Glen Cove waterfront to productive use for the community is one big step closer to becoming a reality. The Industrial Development Agency (IDA) and local Economic Development Corporation on June 30th voted to approve an application by RXR Realty to fund the transformation of 28 acres of that 56 acre previously blighted industrial land for public use with public parks, esplanades and other amenities proposed for Garvies Point. “Today is a great day for Glen Cove, and another imp [...]
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 Letters to the Editor, Glen Cove Record Pilot The Glen Cove Chamber of Commerce formally announces its support of the Garvies Point Waterfront Project. The project is a collaborative effort between the City of Glen Cove (including the City Council, the Planning Board, CDA, IDA) and RXR Glen Isle Partners. “The waterfront reflects the character of our community while providing significant and lasting economic benefits.” The Chamber’s Board of Directors is pleased to support the project as it aligns with the Chamber’s mission of enhancing the health and profitability of area [...]
RXR's operating platform manages 89 commercial real estate properties and investments comprising approximately 25.2 million square feet with an aggregate gross asset value of approximately $14.7 billion as of June 30, 2016. In addition, RXR has a residential development pipeline of approximately 3,000 units.