The Two Towers (yes, I am a Lord of the Rings fan.)
Big, breaking news this week . . .
RXR, part of New Rochelle’s master development team, has just announced plans to construct two new towers at the site of the Church-Division parking garage, a stone’s throw from Main Street. At 28 stories each, these towers will contain a combined total of 650 to 700 apartments, with about 40,000 square feet of new retail at the base, and parking to service both residential and commercial components, at an overall value of around $300 million.
Church-Division Retail Base
This is the most significant and exciting announcement since the adoption of New Rochelle’s ambitious downtown development plan, and it kicks our revitalization efforts into high gear, as we pursue the community’s vision for a vibrant, diverse city center.
RXR expects to seek site plan approval for the project later this year and aims to break ground during the second half of 2018, just as their first project at 587 Main Street begins to lease up.
Church-Division Street Level
This press release contains more information, and the renderings displayed in this post offer a preliminary view of the project’s design. There’s also a piece on Bloomberg News which puts the Church-Division development (and others) in a regional context.
It is truly exciting that New Rochelle’s potential is — finally — being recognized by investors. Of course, it will still be several years before our plans are fully executed and before their positive ground-level impacts can be realized, but, as this latest news demonstrates, our positive momentum is building, and building fast.
Breaking ground for the new V Hotel.
A new boutique hotel is coming to downtown New Rochelle. We celebrated the groundbreaking for the V Hotel this morning, marking the commencement of construction. The hotel is expected to open for business by the end of 2018.
Located at 43 Church Street, about a block south of Main Street, the V Hotel will feature 80 luxury guest rooms, a full service restaurant and bar, and meeting spaces in an eight story structure. It is part of Choice Hotels’ “Ascend Collection.”
Another big step forward for New Rochelle, helping us realize our vision for a culturally and economically vibrant downtown.
Please read my op-ed in today’s NY Daily News. Seth Pinsky, the Executive Vice President of RXR Realty (part of New Rochelle’s master development team) and I co-authored the piece.
Our op-ed puts New Rochelle’s development goals and methods into a regional context, highlighting our ambitious planning framework as a powerful tool for strengthening the New York metro economy.
Click here to read.
Foundation of 587 Main Street, viewed from Huguenot Street.
This past weekend, about 50 trucks spent 14 hours pouring roughly 3,000 cubic yards of concrete to establish the foundation of RXR’s new downtown tower at 587 Main Street.
That’s a lot of concrete! Plus, the foundation also includes about 360 tons of rebar.
Once the foundation work is fully completed, the building will begin to rise pretty quickly, about a floor a week, topping out in early 2018. Here’s more information about the project itself.
For anyone who might have been fascinated by construction vehicles as a little kid, this is fun stuff — not that I am confessing anything.
Last December, the New Rochelle City Council approved a ten-year $150 million investment in capital and infrastructure priorities, the largest in our history.
Now you can keep track of our progress on this web-page, which lists the status of individual projects. As you will see, many initiatives are still in design, but physical improvements will become more apparent in the months ahead as implementation gradually unfolds.
Infrastructure investments are essential to our quality of life, safety, economy, and property values, so I am proud of the City Council and Administration for taking this important step.
Proposed tower at 45 Harrison, viewed from Huguenot.
New Rochelle has chosen MacQuesten Development to redevelop 45 Harrison Street, the present location of our downtown fire station. The selection follows the issuance of an RFP for the site in January and presentations from two capable development teams in May.
MacQuesten proposes to construct a 27-story residential tower with ground floor retail/restaurant space. Office space might also be included on lower levels. This project will make an impressive statement at the eastern gateway to our downtown, just as RXR’s first project at 587 Main Street marks the western gateway.
In addition, MacQuesten will provide both financial resources and professional expertise to assist in the construction of a new, modern fire station.
Retail frontage on Harrison Street.
Since approving our ambitious downtown plan in December 2015, New Rochelle’s positive momentum has built by the week. This new announcement marks yet another important milestone on our way to creating a walkable, exciting, and attractive city center.