NEW ROCHELLE, NY — RXR Realty hosted a groundbreaking ceremony for the start of ground-up construction of a new 28-story development at 26 South Division St. in New Rochelle, the first of two projects being undertaken at the site. Once completed, 26 South Division Street will feature 352 market-rate apartments, ranging from studio to one-, two- and three-bedroom apartments with a valet parking garage, lounge, co-working space, speakeasy and more than 12,000 square feet of retail.

It is a major component of RXR's redevelopment plan for the city, which included the opening of their 360 Huguenot property earlier this year.

RXR also announced a new initiative aimed at building opportunities for New Rochelle's residents with the creation of the RXR Building Community Fund at the Westchester Community Foundation.

Capitalized with a seed contribution of $225,000 from RXR, the new fund will provide grants to innovative and meaningful programs and facilities that address issues including:

Youth enrichment

Workforce development

Economic development

Parks, recreation, and wellness

Environment and sustainability

Public safety Administration of the RXR Building Community Fund will be provided by the Westchester Community Foundation. For 45 years, the foundation, a division of The New York Community Trust, has worked to improve the quality of life in Westchester by addressing community issues, promoting responsible philanthropy, and connecting donors to critical, local needs.



New Rochelle Mayor Noam Bramson said, when completed, 26 South Division will be a major boost for New Rochelle's economy and an important contributor to the vibrancy and success of our entire downtown.

"In addition, I applaud RXR for its commitment to community benefits, as evidenced by the launch of the Building Community Fund and by physical features of this project, including a new public plaza and additional public parking," he said. The property at 26 South Division is expected to open in late 2021.



In addition to the new initiative, RXR also announced that it has been pursuing an updated design of a parallel project at 28 South Division St. The currently approved plan includes a $1.6 million payment in lieu of building 80 municipal parking spaces, conforming with the Downtown Overlay Zone and the previously approved Parking Management Plan.

However, the City of New Rochelle has asked RXR to help address the parking needs of the downtown by incorporating municipal parking on site instead of making its payment. RXR has agreed to study a new design for the second phase and to analyze related cost estimates to determine if such an on-site option is feasible for the project. The project is expected to break ground in the summer of 2020.