By Maura McDermott, Newsday
The Northport-based nonprofit group Vision Long Island has recognized RXR Realty’s chief executive Scott Rechler and 11 other individuals, communities and developers for their efforts to revitalize downtowns.
The group held its 15th annual “smart growth” awards event Friday at the Crest Hollow Country Club in Woodbury, where Vision Long Island spotlighted the growing number of new developments rising in local business districts.
“This year’s winners demonstrate how you can revitalize downtowns with public support and economically viable projects,” Eric Alexander, the group’s director, said in a statement. “The accomplishments of these honorees provide the building blocks for many successful and emerging Long Island communities.”
Rechler, head of the Uniondale-based RXR, received the Regional Leadership Award for his work developing mixed-use downtown projects in communities such as Glen Cove, Hempstead and Huntington Station.
Vision Long Island also recognized:
The RXR platform manages 61 commercial real estate properties and investments with an aggregate gross asset value of approximately $18.5 billion, comprising approximately 24.4 million square feet of commercial properties, inclusive of a multi-family residential portfolio of approximately 2,600 units under operation or development, and control of development rights for an additional approximately 3,700 multi-family and for sale units 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.