Revitalizing Urban Centers Gets a Big Boost in New Rochelle
Revitalizing Westchester’s urban centers, which is a major initiative of the Business Council of Westchester, took a significant step forward this week with the groundbreaking of 587 Main Street, a 28-story, mixed-use building in New Rochelle’s newly revitalized downtown district.
RXR Realty, Brause Realty and ABS Partners Real Estate joined New Rochelle Mayor Noam Bramson and City Manager Charles B. Strome on Wednesday to break ground for the building that will feature 280 rental units, 28 of which will be affordable, as well as 10,000 square feet of arts and cultural space and 17,000 square feet of commercial space.
“Today’s groundbreaking is an important step toward fulfilling our vision for a thriving city where residents and visitors of every kind can find a place to shop, a place to work, a place to meet, or a place to live,” said New Rochelle Mayor Noam Bramson. New Rochelle’s overall redevelopment plan is ultimately expected to attract more than $4 billion in new investment.
“The Business Council congratulates Mayor Bramson on this important step in the transformation of downtown New Rochelle. The revitalization under way in New Rochelle, which the BCW supports, is very exciting and bodes well for economic development in our county and region,” said BCW President and CEO Marsha Gordon.
Mayor Bramson provided an overview of the city’s redevelopment plan at the BCW’s KeyBank Speaker Series earlier this year which also featured presentations by the mayors of Yonkers, Mount Vernon and White Plains.
Similar News Items
The Business Council of Westchester (BCW) hosted a dynamic panel discussion on Monday at Pace University, bringing together a diverse group of experts to explore the critical issue of establishing ethical standards and regulations for artificial intelligence. “Governing the Future: The Ethical Frontier of AI Regulations and Policy” was part of the BCW’s AI Alliance […]
Bringing its exceptional brand of care to assisted living and memory care, BCW Member Broadview at Purchase College held a grand opening ceremony on Wednesday for its High Point Center for Care. More than 200 people attended the reception and ribbon-cutting ceremony for the new center, which incorporates Broadview’s signature concept of intergenerational and lifelong […]
Governor Kathy Hochul has announced that $200 million in funding is available through the State’s two signature downtown revitalization and economic development programs—$100 million each for Round 9 of the Downtown Revitalization Initiative (DRI) and Round 4 of the NY Forward program, which focuses on revitalizing smaller and rural downtowns. Together, the two programs have […]
Become A Member
Join the county’s largest and most influential business organization today.
JOIN NOW!
Leave a Comment
You must be logged in to post a comment.