RXR Realty’s $1B waterfront development The Beacon tops out in Glen Cove

TRD New York /
Mar.March 04, 2019 03:18 PM

The Beacon at Garvies Point, a $1 billion waterfront development from RXR Realty in Glen Cove, is one step closer to opening its doors, having recently topped out, said a spokesperson for the Uniondale-based developer. When completed by the end of this year, the Beacon will have 167 units ranging from between 900 and 2,850 square feet. The condo complex has already garnered much anticipation, with 65 apartments in contract totaling more than $72 million in sales, according to Multi-Housing News. The Beacon held a topping out ceremony on Feb. 22 with executives from RXR, Glen Cove city officials and representatives from construction manager Hunter Roberts touting the completion of its first phase. Nearly half of all Beacon units have already been sold, prompting RXR to raise prices five times to meet demand. The development will also have rooftop and courtyard terraces, balconies on nearly every unit, fitness facilities, a lounge, a game room, a movie theater and pool. The broader Garvies Point development in Glen Cove, a suburb at one time part of the so-called Gold Coast on Long Island’s North Shore, will have 75,000 square feet of commercial and retail space with amenities sprawling across 28 waterfront acres. [MHN]


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...