On Wednesday, July 24, real estate owner, operator and developer RXR hosted a ribbon-cutting ceremony to celebrate the opening of Two Clinton Park, its newest and most luxurious residential tower in downtown New Rochelle.
Located at 50 Clinton Place, Two Clinton Park offers 390 apartments, ranging from studios to three-bedroom penthouses. The tower has nearly 24,000 square feet of amenities and more than 7,500 square feet of retail space, with views of the Long Island Sound, spacious layouts and high-end finishes.
Among those who were scheduled to attend the opening were Joe Graziose, executive vice president of development services, RXR ; Yadira Ramos-Herbert, New Rochelle mayor ; Wilfredo Melendez, acting city manager ; Adam Salgado, development commissioner ; Paul Vacca, commissioner of buildings ; Jorge Ventura, deputy commissioner of development ; and members of the city council.
The master developer behind the revitalization of downtown New Rochelle,
RXR is a 450-plus person, vertically integrated investment manager headquartered in New York with a nationally scaled platform and expertise in a wide array of value creation activities, including acquisitions, asset and portfolio management, property operations, development, construction, leasing and technological innovation. RXR is an active investor in real estate credit, rental housing, commercial property and property technology through value-added and opportunistic investment strategies. The RXR platform manages 93 commercial real estate properties and investments with an aggregate gross asset value of approximately $18 billion, comprising approximately 30.5 million square feet of commercial properties, a multifamily residential portfolio of approximately 9,400 units under operation or development and control of development rights for an additional 3,000 multifamily and for-sale units approximately, as of Dec. 31, 2023.
In keeping with its strategy for downtown New Rochelle, RXR is holding the “Clinton Park Summer Series,” with free events on Saturdays through Aug. 24 in the Clinton Park Plaza between One and Two Clinton Park. Casaroma Cafe and The Lincoln Park Conservancy are partners in the series.
“Since RXR began its work in downtown New Rochelle nearly a decade ago, our vision was to create a community where people come together, grow and thrive, ” said Graziose. “Now, (with) the opening of Two Clinton Park and the completion of the public plaza, we encourage all New Rochelle residents and visitors to come downtown and make summer memories. We are grateful to be able to provide this series and look forward to meeting and getting to know more people in our community.”
“RXR is an integral community member and vocal advocate for New Rochelle, ” said Kevin Rucker, Casaroma Cafe’s co-owner. “We’ve grown our business as their partner and can’t wait to come together to activate the plaza and bring summer fun to the heart of downtown. We’ll be serving our delicious coffee and treats, as well as many new surprises attendees won’t want to miss.”
The events include a dog fashion show (July 27) ; salsa and bachata lessons (Aug. 3) ; a plant workshop (Aug. 10) ; a local performing artists showcase (Aug. 17) ; and a community comedy show (Aug. 24). They take place 10 a.m. to noon, except for the comedy show (5 to 7 p.m.).
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