RXR Celebrates Grand Opening of New Rochelle’s Newest Luxury Tower, Two Clinton Park

RXR Celebrates Grand Opening of New Rochelle's Newest Luxury Tower, Two Clinton Park

Downtown New Rochelle's master developer ups the ante by offering the best of luxury living including high design, unparalleled indoor and outdoor amenities and more

NEW ROCHELLE, NEW YORK - July 24, 2024 - RXR, the master developer behind the transformative redevelopment of Downtown New Rochelle, today celebrated the grand opening of Two Clinton Park, its newest and most luxurious residential tower featuring 390 state-of-the-art apartments and extensive amenities.

"Ten years ago, RXR was selected to revitalize Downtown New Rochelle in partnership with the City of New Rochelle through thoughtful development and community engagement. We are incredibly proud of all of the work accomplished over the past decade, it is a testament to the power of what can be delivered when the public and private sector partner together" said Joseph Graziose, Jr., Executive Vice President of Development Services at RXR. "We look forward to continuing our work in this great city and to venturing upon the next phase and chapter for Downtown New Rochelle."

"Nearly ten years ago, my colleagues on the City Council selected RXR as our Master Developer and partner in creating a bright and expansive future for New Rochelle. The completion of this project marks an important milestone in the development of our downtown. As the fastest growing city in Westchester County and a recently designated Pro-Housing Community by Governor Hochul, Two Clinton Park's nearly 400 state-of-the-art apartments and its sister building next door help us fulfill our commitment to leading the way on addressing the region-wide housing shortage. We are grateful for RXR's continued partnership, and we are eager for Two Clinton Park's residents to experience all that our wonderful city has to offer," said Mayor of New Rochelle Yadira Ramos-Herbert.

Two Clinton Park offers an elevated residential experience with its 390 meticulously designed apartments, ranging from studios to three-bedroom penthouses. The tower boasts nearly 24,000 square feet of premier amenities and over 7,500 square feet of retail space. Residents can enjoy stunning views, spacious layouts, and high-end finishes designed by Lessard Design with MdeAS Architects as the project architect of record. MdeAS was previously honored by Westchester Magazine for their work on One Clinton Park where they were awarded Best Adaptive Reuse and Best Community Ammenities in the Home Builders Awards.

Located next to its sister tower, One Clinton Park, which opened in 2022, Two Clinton Park furthers RXR's commitment to luxury living without compromise. Together, the properties offer approximately 50,000 square feet of amenity and outdoor space across the shared complex. Retailers coming to the community include Golf Lounge 18 and Mosaic Day Spa (Facelogic).

Amenities at Two Clinton Park include landscaped terraces with sundeck, grilling stations, lounge seating, firepits, and pizza ovens; indoor community lounge with bar, terrace access, and screening room; exclusive Club Lounge featuring an indoor putting green, golf simulator, billiards table and poker table; state-of-the-art fitness center with yoga room; spa facilities with massage rooms and infrared saunas; private meeting rooms, work spaces and study nooks; children's play room and a library; parking; and a 24-hour staffed lobby and package room.

Two Clinton Park residents benefit from RXR's innovative RXO Home app, providing seamless access to building services, amenity reservations, and transportation options, including e-scooters and an on-site Tesla. The tower's prime location offers direct access to Midtown Manhattan via the Metro North train in under 30 minutes, and breathtaking views of the Long Island Sound.

"We have created a dynamic living environment that meets the evolving needs of today's renters who seek convenience, community and quality," said Whitney Arcaro, Executive Vice President and Chief Revenue Officer, RXR Residential. "This community experience from the amenities to the design of retail offerings and resident programing and technologies is offers an unrivaled rental experience in Westchester county."

"We join with RXR in celebrating the opening of Two Clinton Park and the successful transformation of this entire site. Their commitment to the City over the past decade has been strong, particularly in the face of unforeseen challenges, including a global pandemic and economic instability. We appreciate their dedication in bringing this project to fruition, while supporting our community along the way," said Acting City Manager Wilfredo Melendez.

"When the City of New Rochelle first launched our partnership with RXR, we did so with the intention of spurring development in the downtown area and bringing people together to enjoy the best of what New Rochelle has to offer. The opening of Two Clinton Park completes a transformative project years in the making, replacing an aging municipal parking structure with two amenity-rich towers, a welcoming public plaza, attractive street-level retail, and upgraded parking, along with permanent local jobs. RXR has demonstrated itself as a critical partner in revitalizing our downtown, spurring development, and enhancing our vibrant community. We look forward to continuing this successful collaboration," said New Rochelle Commissioner of Development Adam Salgado.

RXR's work in New Rochelle stands as a model for urban redevelopment, combining luxury living with community-focused development. The first phase of development has focused on four key residential properties: 360 Huguenot, 11 Garden Street, One Clinton Park, and Two Clinton Park, bringing more than 1,000 new rental apartments to the area.

For more information about Two Clinton Park please visit two.clintonpark.com

About RXR

RXR is an innovative real estate investment manager, operator, developer, and place-maker committed to applying a customer and community-centered approach to acquiring, operating, and building properties and to providing services and products that create enduring value for all stakeholders. Headquartered in New York with a nationally-scaled platform, RXR is a 450+ person, vertically integrated investment manager with expertise in a wide array of value creation activities, including acquisitions, asset and portfolio management, property operations, development, construction, leasing, and technological innovation. RXR is an active investor in real estate credit, rental housing, commercial property, and property technology through value-added and opportunistic investment strategies. The RXR platform manages 93 commercial real estate properties and investments with an aggregate gross asset value of approximately $18 billion, comprising approximately 30.5 million square feet of commercial properties, a multi-family residential portfolio of approximately 9,400 units under operation or development, and control of development rights for an additional approximately 3,000 multi-family and for sale units as of December 31, 2023. Gross asset value compiled by RXR in accordance with company fair value measurement policy and is comprised of capital invested by RXR and its partners, as well as leverage.

About The City of New Rochelle

With its unparalleled location, superb quality of life, diverse and talented residents, a focused business climate, and a robust residential and commercial development pipeline, the City of New Rochelle is leading the transformation of a generation. Its close proximity to New York City and opportunities for businesses to grow and succeed in the current economic climate is defining the City of New Rochelle as "open for business" - ready to welcome new residents of all socioeconomic backgrounds and embrace smart, transit-oriented development growth patterns that promote open space. Accelerated by a fast-track zoning process along with resources for small businesses and micro-enterprises, the "New Rochelle Model" of development continues to enhance the City's downtown area and business district by supporting job creation, property values and private investment - while enhancing sustainability and livability through green and energy-efficient design. The City of New Rochelle has been recognized regionally by the state and federal government for its thoughtful city-wide infrastructure improvements and advancements including affordable housing development, the creation of more usable public space and recent ten-year flood mitigation program. For more information on why New Rochelle is ideally yours, please visit https://www.newrochelleny.com/.

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