RXR Realty Proposal for a 120 Million Dollar Residential Tower on Main Street in New Rochelle

On March 7th the Mayor of New Rochelle Noam Bramson held his State of the City meeting at Beckwithe Pointe.  One of the items Noam discussed was a proposal from RXR Realty to build a 300 foot 280 unit residential building at 587 Main Street.  This building project would be located in the same building that used to house the old Loews theater on Main street. Part of these plans supposedly include a parking garage.  Since the project is still in the design stage developers are undecided about having the garage above ground or below grade. However on the first two floors on the Main Street side of the project, additional retail space will be left open for possible shops and cultural venues.  The classic Loews theater facade that faces Main will be incorporated into the projects street level design. The SEQRA (State Environmentally Quality Review Act) has analyzed the impact of redevelopment of lower Main street and has concluded that the environmental impact will be minimal and with the changes to New Rochelle’s zoning rules this project and other projects that are being planned can be started without any delays caused by the City’s zoning board. These new initiatives will hopefully increase the house values in downtown New Rochelle, and bring in job and other opportunities for small businesses and create a climate for stronger economic growth within the city.  Being a long time New Rochelle resident myself (50 plus years)and growing up in this neighborhood on Pintard Avenue these changes seem to be a positive trend the city is taking.

Many of the other improvements that may come would make lower Mainstreet more friendly for pedestrians. There are also some rumors that Huguenot street will become a two way street for vehicular traffic so people can access parking for the new building. So if that is the case, I hope the planners are also going to improve that section of lower Huguenot Street as well.  As you can see from the photo there is plenty of room for parking and I hope also plenty of room for additional restaurants, food stores and retail along Huguenot Street as well and of course plenty parking for residents and visitors.

You can click on this link to read more about these upcoming project. RXR Downtown Project.

The front of the Old Loews Theater on Main Street in New Rochelle. The classic facade with Ornate designs display a beauty of yesteryear. Please click the picture for a closeup.
The front of the Old Loews Theater on Main Street in New Rochelle. The classic facade with Ornate designs display a beauty of yesteryear. Please click the picture for a close up.

 

Street View of 587 Main Street. Please click the photo for a close up.
Street View of 587 Main Street. Please click the photo for a close up.
This is the back of 587 Main Street and the Old Loews theater. As you can see there is room for a parking garage above ground or below grade. There could also be room for additional stores, restaurants, and other venues. Please click the photo for a closeup.
This is the back of 587 Main Street and the Old Loews theater. As you can see there is room for a parking garage above ground or below grade. There could also be room for additional stores, restaurants, and other venues. Please click the photo for a close up.

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Thomas Roberts -Realtor

As a licensed real estate sales professional and a Certified Buyer Representative CBR my top priority is to deliver unparalleled customer service delivering the highest quality care for all of his clients.

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