New Rochelle, RXR reach two construction milestones

By Aleesia Forni, Westfair Online The city of New Rochelle and master developer RXR Realty hosted a pair of ceremonies on March 14 in recognition of two construction milestones. A ceremonial groundbreaking was held at 26 S. Division St., a site that will become home to a two-tower mixed-use complex. The 28-story towers will feature a combined 730 rental apartment units. The $329 million, 904,000-square-foot development will also include 25,000 square feet of retail space and parking for 698 vehicles. “For too many years, our region’s suburban downtowns have failed to attract the level of investment and economic activity needed to [...]

The RXR platform manages 72 commercial real estate properties and investments with an aggregate gross asset value of approximately $17.7 billion, comprising approximately 23.1 million square feet of commercial operating properties and approximately 6,300 multi-family and for sale units in various stages of development in the New York Metropolitan area. Gross asset value 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.