Renderings from Niles Bolton Associates offer a first glimpse of a new 26-story tower in the heart of downtown New Rochelle. Located at 500 Main Street, the building will house a mix of rental apartments and amenity spaces, a church, retail space, and enclosed parking area.
BRP Development is the private entity behind the rising property.
The residential component will yield up to 477 residential units ranging from studios to two-bedroom spreads. Ten percent of the units will be available below market rate as affordable homes.
The base of the structure houses a 452-vehicle parking garage with charging stations for electric vehicles, 2,400 square feet of retail, and residential amenities. Amenity spaces will include a fitness center, communal lounges, a courtyard, a rooftop pool, coworking space, and a dog park.
The podium of the building will also serve as a new home for the New York Covenant Church, one of the original owners of the land where the development will take shape. Their facilities will span 20,000 square feet and include a worship and congregation space, areas for food service, recreation, and education facilities.
Total square footage is just under 620,000 square feet.
In October 2019, New Rochelle’s Industrial Development Agency, an arm of local government that works to promote quality developments within city limits, approved $27.8 million in subsidies to offset project costs. Total development costs are estimated at $253 million, and the project is expected to debut in January 2022.