Additional development planned at New Rochelle Center.
The additions include a third level of 100,000 square feet of leasable space to the sports/entertainment/retail center; a 100,000 square-foot hotel; a 90,000-square-foot office building; and an additional two levels of parking, bringing the total to seven levels and 2,380 spaces.
This new development increases the complex's space to from 350,000 to 450,000 square feet. The announcement coincided with the beginning of the structural phase of construction.
"Today we can finally say that the rebirth of downtown New Rochelle - the heart of the community - is underway," Governor Pataki said. "New Rochelle Center is already breathing new life into New Rochelle by attracting further business opportunities and additional private sector investment. I am pleased that the State's $4 million loan has succeeded in leveraging even more private sector investment in New Rochelle. Today's announcement proves that when you have the right economic conditions, the business community will respond enthusiastically."
"The New Rochelle Center is the prime attraction of a major redevelopment success story in Downtown New Rochelle," said New rochelle Mayor Timothy C. Idoni. "By becoming a destination for family entertainment and shopping, the Center will have a favorable impact on surrounding businesses."
The New Rochelle Center is being developed by New Roc Associates of White Plains on the site of the old New Rochelle Mall between Main, Harrison, Huguenot and Le Count streets.
The expanded project includes 130,000 square feet to be leased by Sports Plus, a division of Family Golf Centers Inc. of Melville, NY. SportsPlus will occupy 80,000 square feet on the second level and 50,000 square feet on the third level. The third level has a remaining 50,000 leasable square feet, bringing the total space available to 100,000 square feet.
SportsPlus will undertake an expansion of two NHL size rinks to include eight locker rooms, equipment rental and maintenance areas and spectator viewing areas; virtual golf and electronic baseball; batting cages and climbing walls; an IWERKS motion simulation theater; Laser Tron, a laser tag playfield; carnival rides; food courts; and party and corporate event facilities.
The original project, announced in December 1996, includes a Super Stop & Shop supermarket and enclosed parking for 1,700 vehicles; a 19-screen Regal/IMAX multiplex cinema: a twin rink ice skating facility; and more than 100,000 square feet for satellite retail, restaurant and entertainment related tenants.
New Rochelle Center is being coordinated with several other key development projects in New Rochelle, including Avalon on the Sound, the $100 million construction of up to 1,000 units of market-rate rental apartments; a $25 million Amtrak and Metro-North project to build an intermodal transportation facility; and the development of a downtown pedestrian mall.
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|Publication:||Real Estate Weekly|
|Date:||Jul 29, 1998|
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