RXR, Master Developer of Downtown New Rochelle and a leading real estate owner, operator and developer, today announced the topping out of Two Clinton Park, a 28-story mixed-use tower and RXR’s third development in New Rochelle. RXR executives and New Rochelle city officials joined partners from Bridge Investment Group, leadership from LRC Construction and Lessard Design, and development partners from Otera Capital onsite to celebrate the milestone.
Two Clinton Park will offer 390 state-of-the-art, luxury apartments, nearly 24,000 square feet of amenities, and more than 7,500 square feet of retail space. Designed by Lessard Design, Two Clinton Park is minutes away from the New Rochelle train station, and offers direct access to Midtown Manhattan in under 30 minutes. The approximately 513,374-square-foot development broke ground in November 2021. Since then, its development has created more than 500 onsite construction jobs.
“We take pride in our designation as master developer of Downtown New Rochelle, and the topping out of Two Clinton Park is another major milestone. We’ve delivered over six hundred residences to the downtown with more on the way, bringing in new residents, and anchoring our dedication to a downtown that grows more and more vibrant each year,” said Joseph Graziose, Executive Vice President of Development Services, RXR. “Two Clinton is one step closer to providing highly-amenitized, desirable homes and retail for the growing New Rochelle population.”
“We are incredibly proud to celebrate Two Clinton Park’s topping out this morning,” said Greg Clancy, Executive Vice President, Construction and Development Services, RXR. “Since the project broke ground, we’ve employed over 500 workers, many from right here in Westchester County. Today’s celebration is dedicated to their hard work, skill and tenacity as we’ve worked together to achieve this exciting milestone.”
“New Rochelle is an attractive market with a mix of growing diverse population, excellent transit accessibility and infrastructure. Two Clinton Park possesses the essential components for a successful project, including a supportive local government and skilled development partners like RXR. Two Clinton Park will be a predominant piece of the neighborhood, and we are delighted to have partnered on this project,” said David Coelho, Chief Investment Officer at Bridge Investment Group.
Two Clinton Park’s 390 residences range from studios to 3-bedroom apartments. All apartments will feature open kitchens, floor-to-ceiling windows, walnut cabinetry with soft-close doors and drawers, and stainless steel appliances. The building features unencumbered views of the Long Island Sound and surrounding skyline, as well as easy access to the waterfront and Downtown New Rochelle.
Building amenities include co-working and dining spaces, a fitness center, spa with infrared saunas and yoga studio, library, lounge, and children;s playroom and, onsite 24/7 valet parking for residents and guests. Outdoor amenities include a dog run and multiple terraces with outdoor dining, grilling, seating and gaming.
The building is a sister tower to RXR’s One Clinton Park, which stands across Clinton Place in Downtown New Rochelle. One Clinton Park opened in June 2022 and is more than 60 percent leased.
Two Clinton Park’s topping out underscores RXR’s more than eight years of commitment to the growth of New Rochelle’s urban core since being named the Master Developer of the city’s downtown in December 2014. Together, One and Two Clinton Park provide New Rochelle with a vibrant and dynamic streetscape, offering over 29,000 square feet of ground floor retail and public-facing amenities.
In addition, RXR continues its deep commitment to the broader New Rochelle community. In the spring of 2022, RXR announced a $500,000 Youth Programming Grant initiative to fund several New Rochelle and Westchester-based organizations supporting young people and their families. The grant recipients include Lifting Up Westchester, New Rochelle Boys & Girls Club, Songcatchers, and the United Community Center of Westchester.
