NEW ROCHELLE, N.Y. - Local elected officials in New Rochelle have broken ground on a $100 million development that will sit in the heart of the city’s waterfront.
New Rochelle officials joined developers from National Realty and Development Corp. to mark the groundbreaking of WatermarkPointe, a 72-unit waterfront residential community that will sit on the Long Island Sound on the Davenport Neck peninsula.
WaterPointe continues “the most ambitious redevelopment in New Rochelle history,” which officials say will bring more than $4 billion in new investments to the city and will continue to draw premier developers to the area.
The development includes nine four-story buildings of condominium residences with “panoramic water views” and private beachfront access. Twenty-five units at WaterPointe have already been sold in the first phase, with the second coming onto the market this winter.
“National Realty and Development Corp. brings to New Rochelle impressive vision, wide-ranging experience and a proven commitment to quality,” New Rochelle Mayor Noam Bramson said in a statement. “We look forward to strengthening our partnership with this capable team as New Rochelle pursues the most ambitious development objectives in our history.”
Officials said that “WatermarkPointe’s condominiums will include contemporary and elegant two-bedroom plus den and three-bedroom residences each with open plan great rooms with sleek fireplaces and gourmet kitchens complete with generous islands, luxury cabinetry, and top-of-the-line appliances. Additionally, residents can enjoy year-round views of the sound via private 30-foot-wide terraces which span the great room on the waterfront side of every residence.”
“National Realty & Development Corp. is excited to create a high-quality waterfront community on the shores of New Rochelle, a City that is quickly becoming an ideal location for those seeking a suburban lifestyle with all of the benefits of a large city,” Jerry Bermingham, Executive Vice President of Development the company added.
“With a hands-on approach, NRDC is fully dedicated to building communities that encompass a high-end residential lifestyle, and we’re thrilled to see the first residences of WatermarkPointe selling out in record time.”
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