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The City of New Rochelle Chooses Developer for 45 Harrison Street

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The City of New Rochelle Chooses Developer for 45 Harrison Street

July 02, 2017 - 12:23

The City of New Rochelle Chooses Developer for 45 Harrison Street

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NEW ROCHELLE, NY -- At its June 20 meeting, the New Rochelle City Council unanimously selected MacQuesten Development, LLC as the winning bidder to reimagine a City-owned property at 45 Harrison Street, the current site of New Rochelle Fire Station #1.

MacQuesten’s proposed $110 million, 27-story mixed-use building, which was recommended by the City’s Department of Development, includes  282 residential units, approximately 9,500 square feet of retail, a four-story parking garage and an option for nearly 50,000 square feet of office space.

The developer’s proposal includes relocating Fire Station #1 to a new site. MacQuesten intends to start construction on the new building – all while keeping the original station fully operational.

“The successful development of 45 Harrison Street is yet another milestone in our ambitious redevelopment initiative and a positive step forward in helping us create the ideal environment to live, work and grow in New Rochelle,” said Mayor Noam Bramson.

“It is an honor to have been selected by the City of New Rochelle,” said Rella Fogliano, Principal at MacQuesten. “The site has tremendous potential and we assembled a top notch team of industry professionals who will bring our vision to fruition. Our goal is to complete a development that will not just meet but exceed the City’s expectations!”

“MacQuesten’s proposal perfectly fits the mold of what we envisioned for 45 Harrison Street and we believe this opportunity will further contribute to the revitalization of New Rochelle’s downtown,” said Development Commissioner Luiz Aragon. “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 development of the 45 Harrison Street property into a high-rise, mixed-use building complements New Rochelle’s overall redevelopment plan, which includes the rezoning of 279 acres of land around its train station in its downtown area and is expected to attract more than $4 billion in new investment. The unprecedented initiative allows for more than 12 million square feet of new construction including up to 2.4 million square feet of prime office space, one million square feet of retail, 6,370 housing units and 1,200 hotel rooms.

MacQuesten was one of multiple developers to respond to a competitive request for proposal (RFP) for 45 Harrison Street the city issued in January 2017. The Harrison Street property is located between Huguenot and Main Streets, just east of the core Downtown area and in close proximity to I-95.