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New York & Tri-State  + Fairfield/Westchester  + Apartments  | 
500 Main St. will be a 26-story, mixed-income residential complex in downtown New Rochelle, NY

BRP Breaks Ground on Mixed-Income Apartments in New Rochelle

BRP Companies, the Urban Investment Group within Goldman Sachs Asset Management, the City of New Rochelle, Westchester County officials and additional project partners broke ground on 500 Main St., a 26-story, 477-unit, mixed-income residential complex in downtown New Rochelle, NY. Financing for the project was provided by Goldman Sachs and Merchants Bank. 

Slated for completion by the end of 2024, 500 Main St. will also include approximately 24,000 square feet of amenity spaces. In addition, 119 of the 477 homes will be affordable. 

“An area currently experiencing a significant rebirth, we’re proud to be playing a role in Downtown New Rochelle’s ongoing revitalization efforts as well as deliver another avenue of both market rate and affordable housing to the community,” said Meredith Marshall, co-founder and managing partner of BRP Companies.   

BRP is undertaking the project in conjunction with Skycore Builders, a New York-based construction company. 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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