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Construction & Design Deals & Dealmakers

RXR taps RM Friedland for New Rochelle master plan development

RXR has tapped RM Friedland, to market the retail space at 587 Main Street, the first phase of the developer’s master planned community in Downtown New Rochelle.

The 280-unit, mixed-use luxury residential rental project includes 14,000 s/fof retail space on the ground floor, a 10,500 s/f Black Box theater on the second floor and 294 on-site parking spaces. The theater will be a technologically innovative virtual reality theater.

Four street-level retail units are also available for lease range in size from 900-5,800 s/f.

“This truly feels like we have been given the opportunity to get in at the ground level of reinvigorating the community of New Rochelle.

The Black Box Theater will be a draw unlike any other and we see the potential for 587 Main Street to be positioned as a new cultural destination for the Southern Westchester Area,” said Sarah Jones-Maturo, president of RM Friedland.

Construction is anticipated to be completed in Q1 2019, which will mark the start of full building operations.

Seth Pinsky, EVP at RXR, said, “The retail opportunities we are creating at 587 Main will spur additional job growth, foot traffic, and increased attention for this amazing site.”

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