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The city is also developing a platform to use virtual reality technology to allow city planners and residents to visualize development plans for buildings and public spaces.
New Rochelle Mayor Noam Bramson said the city is excited to work with Bloomberg "to refine an innovative tool that holds the promise of better urban design and more robust public participation in the growth and development of our community."
The $120 million, 28-story mixed-use building is part of the first phase of the master redevelopment of the city's downtown.
In looking to the city's past economic drivers, officials will again turn to artists and creators to bring jobs to the growing city.