Posted Mar 24, 2016, 7:50 PM
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Join Date: Aug 2011
Posts: 2,040
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WSJ: New Rochelle Bets on Its Downtown for Growth
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A $120 million mixed-use project only minutes from the train station, served by Metro-North Railroad and Amtrak, was announced earlier this month and could break ground by the beginning of the fourth quarter. The owners of the property, investors led by ABS Partners Real Estate LLC and Brause Realty Inc., formed a joint venture with RXR as the developer to build a complex that includes a 28-story tower with about 270 rental apartments, retail space and a roughly 10,000-square-foot theater for live performances—one of the public improvements requested by residents.
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