Post by RXR

RXR and Bridge Investment Group have secured a $126.4 million refinancing for Two Clinton Park, the 390-unit luxury residential tower in downtown New Rochelle. Completed in 2024 and now 93% leased, the property's strong performance reflects continued demand for housing in the city and confidence in New Rochelle's long-term growth. The refinancing marks another milestone in the ongoing transformation of downtown City of New Rochelle, where RXR has invested more than $1 billion as master developer in partnership with the city. Two Clinton Park is part of a broader redevelopment effort that has brought new housing, retail, and amenities to the area, helping to drive investment and revitalize the city's urban core.