RXR Realty selected to build $1.5B Nassau Coliseum hub project with BSE Global

RXR Realty and BSE Global officially agreed to build and finance a $1.5 billion project around the Nassau Coliseum including housing, retail and office space, Newsday first reported. Nassau County Executive Laura Curran expects to get legislative approval for the project as early as October. RXR would be the “master developer,” building 500 housing units, 600,000 square feet of office space, 200,000 square feet of experiential retail, two pedestrian bridges and 3,400 parking spots. BSE Global chief executive Brett Yormark has wanted to develop the area around the Coliseum since it was renovated last year and met with about a dozen developers before picking RXR. BSE and RXR plan to partner with another company that specializes in retail and entertainment destinations. [Newsday]