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E-commerce companies are heating up the national industrial real estate market, but experts say space has been tight in Westchester "before it was even cool to talk about industrial."
Together, four developments are budgeted for $689.4 million and could receive $109.5 million in tax incentives over 20 to 30 years.
The project will build 95 luxury condos on a site previously home to an office building.
The building owners want the Westchester Supreme Court to order RXR to stop construction and prevent more damage.
“Today we are saying location, service, service,” RPW Group CEO Robert Weisz, told a group of real estate officials Thursday at the HVEDC's “Hudson Valley Visionaries: A Look Into the Future of Commercial Real Estate.”
“We have tremendous conviction in what we’re doing here,” said Mike Maturo, president of RXR Realty.
New Rochelle is a “model of what an urban – suburban area can look like,” said Mayor Noam Bramson.
The $120 million, 28-story mixed-use building is part of the first phase of the master redevelopment of the city's downtown.
One developer described the companies interested in the village job as the "envy of every community from Stamford to Manhattan.”
The Westchester County Association's annual Fall Leadership Dinner featured a keynote from Scott Rechler of RXR Realty.
The 67th annual dinner is set for Nov. 16 at the Westchester Marriott in Tarrytown.
The city's downtown master developer plans a $300 million mixed-use project on the razed site of the Church-Division parking garage that will adjoin a $14.5 million boutique hotel under construction.
For the first phase of the development, rents are priced at $1,800 per month for the tower’s 20 studio apartments, $2,500 a month for its 175 one-bedroom apartments and $3,500 a month for the 150 two-bedroom units.
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