New Rochelle, NY
Renaissance Downtowns Urban Holdings, Inc. (RDUH)
The City of New Rochelle sought a Master Developer to redevelop City Owned Sites in its Downtown and Transit Oriented Development clusters. Renaissance teamed up with RXR Realty in this redevelopment effort, providing an example of Renaissance’s ability to Joint Venture with an appropriate partner when it best serves the needs of the redevelopment effort and the community. The Master Developer Agreement was unanimously approved in 2014 and the Recommended Action Plan, Zoning and State Environmental Quality Review (SEQR) were all unanimously approved in 2015.
Location:
NEW ROCHELLE, NY
Development Type:
Mixed-Use Comprehensive
Downtown Redevelopment
Description:
• Hotel & Conference Center
• Restaurants & Catering
• Parks & Recreation Areas
• Residential
• Retail & Commercial
• Cultural Districts
Cost / Financing:
$1.9 Billion +
The City of New Rochelle represents an opportunity for a regional hub of activity and economic development. Situated only 25 minutes from Manhattan by train, New Rochelle is well poised to tap into the regional economy. Access to superb transit service, a stunning waterfront and idyllic suburban neighborhoods make New Rochelle an exciting place for redevelopment and revitalization.
This project will provide a transformative mix of residential, retail, commercial, hospitality and other uses. The Recommended Action Plan, adopted in 2015, received the William H White Award for Creativity and Ingenuity in Planning from the American Planning Association NY Metro Chapter and the Downtown Overlay Zone, also adopted in 2015, received a Planning Achievement Award
from the Westchester Municipal Planning Federation.
A number of innovative methodologies were employed during the redevelopment efforts, including Renaissance’s community-centric Crowdsourced Placemaking program and the adoption of an opt-in, Form Based overlay zone that is one of the most progressive in the nation. A key component of the zoning is the inclusion of Community Benefits Policies to ensure local job creation both during construction and on a permanent basis.
This strategy has resulted in over 40 projects either completed, under construction or in the pipeline.
