Post by RXR

New Rochelle's housing transformation was highlighted this week as a model for addressing housing shortages through streamlined approvals and increased development. Since 2015, the city has enabled more than 5,000 new apartments and approved thousands more, helping to moderate rent growth while attracting significant private investment. RXR has been a key partner in the city's revitalization efforts, investing more than $1 billion in New Rochelle as part of a broader $2.5 billion development pipeline. RXR Chairman and CEO, Scott Rechler, noted, New Rochelle's success stems from a clear framework that encourages private investment: "The city set the playbook, then private developers could come and play."