Developer selected by New Rochelle for $110M tower

MacQuesten Development, LLC of Pelham has been selected by the New Rochelle City Council as the winning bidder to develop a 27-story, $110 million mixed-use building. The proposed project, which includes 282 residential units and 9,500 square feet of retail space as well as a four-story parking garage and 50,000 square feet of office space, will be constructed on the current site of the city’s fire station #1 at 45 Harrison Street. The fire station will ultimately be relocated at the developer’s expense but will remain fully operational at its current site during construction. MacQuesten, led by Rella Fogliano, sold two Harlem rental buildings in April for $22.6 million. [realestateindepth.com]