Today, New Rochelle took a giant step toward achieving our ambitious downtown development plans, as we broke ground for a new 28-story building at 587 Main Street, the site of a former Loew’s theater.
This is the first major project from our master developers. When completed, it will feature almost 300 apartments, 17,000 square feet for commercial uses, and – in an especially exciting touch – a 10,000 square foot performance space. The positive and transformative impact on both Main and Huguenot Streets should be dramatic.
You can read more in this press release or in this article from the Wall Street Journal. And here’s the text of my own remarks at the groundbreaking.
Bottom line: our downtown development plan is working, successfully attracting both large-scale and small-scale investment. As a result, during the next few years, New Rochelle will become a healthier city, where residents and visitors of every kind can find a place to shop, a place to work, a place to meet, or a place to live.