RXR Building Community Fund Opens Applications for Grants to Benefit New Rochelle Youth

Real Estate In-Depth | January 2020

NEW ROCHELLE—RXR Realty announced on Jan. 7 that the RXR Building Community Fund at the Westchester Community Foundation is now accepting applications for grants up to $50,000 to enrich the lives of young people in the city of New Rochelle.

Tax-exempt organizations serving New Rochelle youth can apply for grants of no less than $2,500 and no greater than $50,000. Grants will be for a period of one year. Preference will be given to those innovative programs that enhance the skills, abilities, talents and resources of New Rochelle’s young people, and that incorporate youth voices in program design and/or implementation.

A public information session was scheduled on Thursday, Jan. 9, at the New Rochelle City Hall for prospective applicants to learn more about the application process.

Applicants can apply by visiting: https://www.wcf-ny.org/rxr-rfp

“At RXR, we believe that true success is achieved when the communities where we operate also succeed and there is no better way to reach this success than by investing in our youth,” said Scott Rechler, chairman and CEO of RXR.

“Through these grants, advocates and service providers will be able to enhance existing programs and launch new initiatives,” said New Rochelle Mayor Noam Bramson. “I am grateful for RXR’s financial commitment to opportunity and social enrichment for the young people of New Rochelle and for the leadership of the Advisory Council, as we together act on a shared belief in the inclusive, equitable development of our community.”

“There’s no better start to 2020 than opening this application process that will substantially benefit the New Rochelle community and its youth,” said Laura Rossi, Executive Director of the Westchester Community Foundation. “The grants will create new opportunities in a variety of fields, and we look forward to working with the applicants on exciting, innovative ideas to build a better future for New Rochelle.”

Capitalized with a seed contribution of $225,000 from RXR, the new fund will provide grants to innovative and meaningful programs and facilities that address issues including: Youth enrichment, Workforce development, Economic development, Parks, recreation, and wellness, Environment and sustainability and Public safety.

The new fund will be guided and advised by an Advisory Council comprised of stakeholders in the New Rochelle community. The members of the Council will include: Lisa Burton, My Brother’s Keeper – New Rochelle; Stephanie Tomei, New Rochelle Council of Community Services; Ariel Alarcon, Esq., Immigration Law Practitioner and Co-chair of the Mayor’s Advisory Committee of Immigrant Affairs; Rev. Dr. David Holder, New York Covenant Church; David Dimond, Monroe College; Ex Officio Member: New Rochelle Mayor Noam Bramson and Ex Officio Member: New Rochelle City Manager Charles B. Strome III

For 45 years, the Westchester Community Foundation, a division of The New York Community Trust, has worked to improve the quality of life in Westchester by addressing community issues, promoting responsible philanthropy, and connecting donors to critical local needs.

RXR Realty announced this new community initiative at a recent groundbreaking ceremony for a new 28-story development at 26 South Division Street, the first of two projects being undertaken at the site. Once completed, 26 South Division Street will feature 352 market-rate apartments, ranging from studio to one- two- and three-bedroom apartments with a valet parking garage, lounge, co-working space, speakeasy, and over 12,000 square feet of retail. It is a central component of RXR’s redevelopment plan for the city, which included the opening of 360 Huguenot building earlier this year.

RXR Realty manages 74 commercial real estate properties and investments with an aggregate gross asset value of approximately $20.4 billion, comprising approximately 25.6 million square feet of commercial operating properties and approximately 6,200 multi-family and for sale units in various stages of development in the New York Metropolitan area.