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A Step Forward for GC Waterfront Development (Locust Leader)

By The Leader, The North Shore’ Leading Weekly 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 important milestone in helping reclaim the waterfront for the communit [...]

RXR's operating platform manages 89 commercial real estate properties and investments comprising approximately 23.6 million square feet with an aggregate gross asset value of approximately $13.2 billion as of March 31, 2016. In addition, RXR has a residential development pipeline of approximately 3,000 units.