Leaders of New Rochelle saw the need for investment in its downtown. We at RXR Realty are honored to have been selected as that partner. On March 14, 2018 RXR Topped Out at 587 Main Street, its first New Rochelle development project, and on the same day broke ground at Church & Division, its second New Rochelle development project and first project as Master Developer of New Rochelle, New York.
The RXR platform manages 69 commercial real estate properties and investments with an aggregate gross asset value of approximately $18.1 billion, comprising approximately 24.6 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 3,600 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.