Page 13 - 2019 Westchester Economic Development Guide

Opposite: Rendering of RXR Realty’s new, dual-28-story, complex at Church St.-Division St.
Top Left: Future-state skyline of New Rochelle
Top Right: Charles Fazzino’s Mighty Mouse art installation
Above: Iona College
New Rochelle is strategically positioned as a powerful and bustling crossroads
for the fast-emerging “innovation economy.”
MASTER DEVELOPMENT PLAN
An ambitious new zoning initiative has paved the way for a major eco- nomic rebirth in New Rochelle’s his- toric downtown that will add up to 12 million square feet of new develop- ment, including 2.4 million square feet of prime office space, 1 million square feet of retail, 6,370 housing units and 1,200 hotel rooms.
Boosting job creation, property values and private investment while enhancing sustainability through green and energy-efficient design, New Rochelle’s Master Development plan sets forth a comprehensive vision for a thriving city where all residents and visitors – whatever their means and tastes – can find a place to live, work and grow.
DOWNTOWN
REVITALIZATION GRANT
In the fall of 2018, New Rochelle and Westchester County celebrated the announcement of a $10 million Mid- Hudson REDC Downtown Revitaliza- tion Initiative (DRI) grant designated for investment in the City’s Lincoln Avenue neighborhood.
AHUBORTHE
INNOVATION ECONOMY Affordability, accessibility, and a cre- ative and talented workforce make New Rochelle an ideal alternative to New York City, especially for start- ups and tech companies. Already wired for tomorrow’s business infra- structure, New Rochelle is strategi- cally positioned as a powerful and bustling crossroads for the fast- emerging “innovation economy” – and stands years ahead of other regional cities in accommodating the needs of growing companies.
A THRIVING ARTS & CULTURE SCENE
A new generation of artists and inno- vators is being drawn into a re-ener- gized arts scene, benefitting from per- formance space, affordable “work and live” space for artists, and marketing exposure – all combined with a new surge in dynamic events, exhibits and performances that draw audiences from throughout the region.
Learn more about New Rochelle at www.thebcw.org/data
WESTCHESTER COUNTY ECONOMIC DEVELOPMENT GUIDE 11
© M. Lester for Iona College