RXR and BSE outline Nassau Hub plans, land anchor tenant

TRD New York /
Dec.December 03, 2018 01:39 PM

On Dec. 1, the National Hockey League’s New York Islanders played a home game at the Nassau Veterans Memorial Coliseum for the first time since April 2015. While the capacity crowd of 13,917 cheered on the Islanders, who are playing again at their old home on Hempstead Turnpike after a few years at Brooklyn’s Barclays Center, developers of the $1.5 billion Nassau Hub are moving forward with their plans for the 60-acre, mixed-use project around the renovated Nassau Coliseum. Newsday reported last week that Uniondale-based RXR Realty and Brooklyn-based BSE Global hope to build 600,000 square feet of office and biotechnology research space, 500 units of housing, two hotels and 200,000 square feet of entertainment and shops that combine regular retail with activities like yoga and cooking classes. The “new suburbia” was promised by RXR and BSE during an hours-long meeting with the Nassau Legislature on Nov. 27, according to Newsday, which noted that Northwell Health had signed on as an anchor tenant for the project. The developers want to get subsidies from the county to offset taxes in the construction of residential units. The legislature could vote this month on an amended lease that would allow developers to push forward on project planning. [Newsday]


Related Articles

arrow_forward_ios
In the Hamptons, the median sales price hit $1,080,000, up 9 percent over the first quarter (iStock)

Home prices set new records as inventory falls across Long Island

Home prices set new records as inventory falls across Long Island
Clockwise from top left: Deirdre O'Connell of Sotheby's International Realty, Paul Breunich of Sotheby's International Realty, and Heather Harrison of Compass

Tri-State brokers are busier than ever as buyers warm to suburban living

Tri-State brokers are busier than ever as buyers warm to suburban living
The New York State Senate subpoenaed several top names in real estate

Elliman, RE/MAX, Keller Williams subpoenaed in discrimination probe

Elliman, RE/MAX, Keller Williams subpoenaed in discrimination probe
Compass' Rory Golod and Long Island’s North Shore (Credit: Long Island)

Compass sets sights on Long Island’s North Shore

Compass sets sights on Long Island’s North Shore
Governor Andrew Cuomo (Credit: Getty Images)

Cuomo announces new state rules following Newsday’s discrimination exposé

Cuomo announces new state rules following Newsday’s discrimination exposé
How healthcare is saving Long Island’s office & retail markets

How healthcare is saving Long Island’s office & retail markets

How healthcare is saving Long Island’s office & retail markets
The bombshell probe also found that minorities had to meet more stringent financial qualifications than white buyers. (Credit: iStock)

LI agents routinely discriminate against minority buyers, probe finds

LI agents routinely discriminate against minority buyers, probe finds
Islanders expect to break ground on Belmont arena project this summer, late composer’s Sands Point estate has another price cut & more Long Island real estate news

Islanders expect to break ground on Belmont arena project this summer, late composer’s Sands Point estate has another price cut & more Long Island real estate news

Islanders expect to break ground on Belmont arena project this summer, late composer’s Sands Point estate has another price cut & more Long Island real estate news
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...