A Closer Look at New Rochelle's Massive Redevelopment

The Queen City of the Sound gets ready for its crowning moment.


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RXR Realty’s 587 Main Street

Coutesy of RXR Realty

Get used to seeing cranes and bulldozers dotting the streets of downtown New Rochelle. Since partnering in 2014 with Long Island-based developer RXR Realty on a $4 billion master redevelopment plan for the downtown, the city has become a hotspot for mixed-use development projects, which are going up — and being proposed — in spades.

As part of the master plan, some 15 projects are currently underway by a handful of developers, thanks to the city’s fast-track growth plan, which guarantees developers project approval in 90 days. Overall, the redevelopment could comprise more than 12 million square feet of new construction, including 6,370 housing units.


26 S Division Street, rendering courtesy of RXR Realty


Leading the way is the $122 million, 28-story 587 Main Street, from RXR. Being erected on the site of the old Loew’s Theatre, the development will house 280 rental apartments (one-tenth of the units at below-market rates), plus 17,000 square feet of street-level commercial space and a 294-space parking garage. Officials recently held a topping-off ceremony for the project, slated for completion in late 2020. RXR is also developing 26 S Division Street, which broke ground in March. Taking the place of the eyesore that was the Church-Division Street parking garage, plans call for two 28-story towers with a combined 730 rental units, as well as 25,000 square feet of street-level retail and 698 parking spots. The 904,000 sq. ft. project carries a $329 million price tag.


14 LeCount, rendering courtesy of Wilder Balter Partners


Also in the pipeline are 14 LeCount, a project from Wilder Balter Partners of Elmsford that will house 500 units in two 27-story towers (groundbreaking is anticipated by year’s end); 500 Main, a 16-story project with 243 apartments being planned by BRP Development of New York City, beginning construction in 2019; and a project at 277 North Ave, just across from the train station, where Fisher Development is proposing a 28-story structure with more than 400 apartments.

Mount Vernon-based MacQuesten Development is also getting in on the New Ro action, with 45 Harrison, a $120-million mixed-use tower expected to be fully approved by the end of this year. It will include 238 apartments, 6,700 square feet of ground-floor retail space, and a four-story parking garage.

 

 

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