MacQuesten to Develop $110M Mixed-Use Property in NY
- Jun 26, 2017
The New Rochelle City Council has chosen MacQuesten Development LLC to build a 27-story mixed-use property in New Rochelle, N.Y. The site, situated at 45 Harrison St., currently houses the New Rochelle Fire Station No. 1, which will be relocated. The city-owned $110 million upcoming development will comprise 282 residential units, some 9,500 square feet of retail, a four-story parking garage and an option for nearly 50,000 square feet of office space. According to permits, the project will include studio, one-, two- and three-bedroom units ranging from 425 to 1,200 square feet.
“MacQuesten’s proposal perfectly fits the mold of what we envisioned for 45 Harrison St., and we believe this opportunity will further contribute to the revitalization of New Rochelle’s downtown,” City of New Rochelle Development Commissioner Luiz Aragon said in a prepared statement. “The option for 50,000 square feet of commercial space made this proposal stand out in a large pool of highly qualified applicants and MacQuesten’s mixed-use vision for this prime piece of property at New Rochelle’s eastern gateway aligns with our goals for the future of the downtown core.”
The property is located adjacent to the Regal New Roc Stadium 18 & IMAX movie theater complex, and is minutes away from schools, eateries, parking lots, hotels, retailers and banks. It also offers easy access to major highways such as Interstate 95.
The project is part of the city’s massive redevelopment plan, which includes rezoning 279 acres of downtown land and is expected to attract more than $4 billion in new investment. Upon completion, the project will bring 12 million square feet of new space, including 2.4 million square feet of office space, 1 million square feet of retail space, 6,370 housing units and 1,200 hotel rooms.
Image courtesy of HPA Urban Architecture