RXR Files Permit for 95-Story, 175 Park Avenue
RXR advanced its development at 175 Park Avenue by filing updated permits for a 95-story, ~3 million-square-foot, state-of-the-art mixed-use tower next to Grand Central. The project will include 2.4 million square feet of office space, a 200-room hotel, half an acre of public open space, and over $550 million in direct transit improvements to Grand Central Terminal, […]
RXR Leads $500M Recapitalization of 55 Broad Office-to-Residential Conversion
RXR’s Capital Solutions Platform is leading a $500 million recapitalization of 55 Broad Street alongside Silverstein Properties and Metro Loft Management, backing one of the city’s most closely watched office-to-residential conversions. The deal highlights RXR’s involvement in four large-scale office-to-residential projects in New York City, adding over 4,000 new residential units to a market where housing demand is […]
61 Broadway Prepares for 796-Unit Office-to-Residential Conversion in Financial District, Manhattan
RXR is preparing to begin construction on 61 Broadway, the latest office-to-residential conversion in Manhattan’s Financial District. Developed in partnership with One Management and designed by CentraRuddy, the 33-story historic tower will become 796 rental apartments, including roughly 200 affordable units, along with approximately 40,000 square feet of amenity space. Originally designed in 1913 by Francis Kimball for the […]
RXR Development Team Tops Out $650M Conversion of White Plains Mall
RXR, The Cappelli Organization, and Korman Communities joined with members of Westchester County and the City of White Plains to celebrate the topping out of AVE Hamilton Green, a $650-million mall-to-housing conversion project that transforms the former site of the White Plains Mall into a mixed-use residential development. Situated three blocks from the newly renovated […]
RXR Opens Two Clinton Park With Extensive Amenities
Last month RXR, the master developer behind the transformation of downtown New Rochelle, celebrated the grand opening of Two Clinton Park. It’s the newest New Rochelle property that boasts 390 state-of-the-art apartments and extensive amenities. RXR was selected to revitalize the downtown a decade ago in an effort to create a bright and expansive future […]
WABC Features Green Space on RXR’s Pier 57 Rooftop
William Elder, RXR EVP, Managing Director of New York City Division, walked ABC7 through the rooftop green space at RXR’s Pier 57 as part of ABC7’s segment on eco-friendly buildings. Pier 57’s two-and-a-half-acre rooftop green space is more than just pretty foliage and finely manicured lawns – the rooftop greenery insulates the building, absorbs rainwater during storms and […]
Commercial Observer: RXR Is Busy Filling Incomplete Capital Stacks
RXR Chairman and CEO, Scott Rechler, and RXR Executive Vice President, Investment Management Group, Russell Young, recently discussed RXR’s credit solutions platform with the Commercial Observer. The platform bridges the gap between traditional lending and equity partners, offering borrowers flexible, value-added solutions. The company’s approach to real estate debt investment is differentiated by its vertically integrated operating model, encompassing […]
RXR Opens Two Clinton Park in Downtown New Rochelle
As the master developer of Downtown New Rochelle, RXR held a ribbon cutting of Two Clinton Park, its newest residential tower featuring 390 luxury apartments and extensive amenities. It joins 360 Huguenot, 11 Garden Street and One Clinton Park, with the four projects bringing more than 1,000 new rental apartments to the area. “Ten years […]
RXR and Apollo Supply Senior Loan for NJ Development
RXR and Apollo provided financing for a $295 million construction loan for a two-phased mixed-used development project in Jersey City, New York. The two-phase, 1,723-unit mixed-use development will be one of the largest multifamily rental projects in New Jersey when complete. Commercial Observer Article →
RXR to Break Ground this Fall on $3 Billion Masterplan in Apex, NC
RXR will break ground soon on a $3 billion mixed-use development, Veridea, in Apex, North Carolina. Site and infrastructure work is expected to begin this fall, with plans to go vertical with the first buildings in early 2025. When complete, the new Veridea development will have 8,000 residential units, 35 million square feet of retail, hospitality, and […]
RXR Inks 700K SF Lease at 450 Lexington for Davis Polk & Wardwell Law Firm, Largest Lease in NYC This Year
RXR signed Davis Polk & Wardwell law firm to a 25-year extension at 450 Lexington Avenue. In connection with the lease, RXR and its partners are investing over $300 million for extensive capital improvements throughout the building common areas across Davis Polk’s 23 floors. The planned renovations will encompass the full modernization of lobbies and […]
RXR Buys Site for a $3 Billion ‘Superstar Region’ Project in Apex, North Carolina
RXR acquired Veridea, a 1,000+ acre, $3 billion mixed-use development site in Apex, North Carolina, located within the Research Triangle formed by Raleigh, Durham, and Chapel Hill. The new development will be part of RXR’s national strategy of investing in “Superstar Regions.” Phase I of the project includes the development of at least 1,000 multifamily […]
