New Rochelle Master Development
About New Rochelle Master Development
On December 15, 2014, RXR, in collaboration with it’s joint venture partner, Renaissance Downtowns, was officially named “Master Developer” of Downtown New Rochelle, tasked with helping to revitalize this historic area, the largest and most significant economic development initiative in the city’s history. Pursuant to the agreement reached between the city and the partnership, RXR worked with the city and the community to fund the creation of, and work to develop, a revitalization plan for the downtown area.
The Revitalization Plan will help transform downtown New Rochelle into a center for job generation, quality, affordable housing, dining, retail and arts and culture.
The mix of uses now entitled across the downtown, including on the sites controlled by RXR includes the following:
• Commercial: 2.2MSF of medical and non-medical office space
• Residential: 5,500 units
• Retail: 1.1MSF of retail and restaurant use
• Hotel: 300KSF of hospitality space
• Other: 2.3MSF of student housing, adult care and institutional space