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10/11/2017

National Realty & Development Corp. & City of New Rochelle Celebrate Groundbreaking of WatermarkPointe in New Rochelle, NY

National Realty & Development Corp. & City of New Rochelle Celebrate Groundbreaking of WatermarkPointe in New Rochelle, NY

 Construction begins on $100 million luxury waterfront residential community

Yesterday, New Rochelle City Officials joined National Realty & Development Corp. (NRDC) to mark the groundbreaking of WatermarkPointe, a new $100 million, 72-unit luxury waterfront residential community positioned along the Long Island Sound in New Rochelle. Located on the Davenport Neck peninsula, WatermarkPointe includes nine four-story buildings of condominium residences with panoramic water views and private beachfront access.

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“National Realty & Development Corp. brings to New Rochelle impressive vision, wide-ranging experience, and a proven commitment to quality,” said New Rochelle Mayor Noam Bramson. “We look forward to strengthening our partnership with this capable team as New Rochelle pursues the most ambitious development objectives in our history.”

 This premier waterfront development complements projects both underway and proposed throughout the City. Downtown in particular has seen a burst of construction as part of New Rochelle’s ambitious redevelopment initiative, which is expected to bring more than $4 billion in new investment to the City and continues to attract major developers including National Realty & Development Corp., to the area. WatermarkPointe residences are selling out in record time, with 25 units in the first phase already sold. The second phase has been accelerated to come onto the market this winter.

 “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,” said Jerry Bermingham, Executive Vice President of Development/Acquisitions at National Realty & Development Corp. “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.”

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. The waterfront community also includes: a well-appointed secure lobby and indoor parking garage; a clubhouse with a bar, fireplace, large-screen TV and comfortable seating; a state-of-the-art exercise room; and an outdoor pool overlooking the Sound.

Located only 35 minutes from Manhattan, WatermarkPointe is a short distance from multiple Metro North train stations, major highways, as well as all Tri-State destinations such as Long Island, Connecticut, and New Jersey. A preview sales center is open at 698 Davenport Avenue, New Rochelle, and additional information can be acquired by calling 914 235-5800 or visiting Watermarkpointe.com.

 About National Realty & Development Corp.

Founded more than 50 years ago, NRDC has built a reputation as one of the leading full-service, privately-held real estate ownership and development firms in the United States.

Headquartered in Purchase, New York, the NRDC portfolio is comprised of large retail power centers, grocery-anchored community shopping centers, residential communities and corporate/ industrial business parks.A complete listing of NRDC’s portfolio and further details on their latest projects can be found at www.nrdc.com.

 About the City of New Rochelle

With an unparalleled location, superb quality of life, diverse and talented residents and a focused business climate, New Rochelle is experiencing the transformation of a lifetime. The City’s economic development plan will provide a spark for the entire Hudson Valley region, positioning it as “open for business” and embracing smart, transit-oriented development growth patterns. Accelerated by a new, fast-track zoning process, the new Master Development initiative will enhance the downtown area by boosting job creation, property values and private investment – while enhancing sustainability through green and energy-efficient design. Learn more at http://www.ideallynewrochelle.com/.

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Photo Caption - Pictured (left to right): Development Commissioner Luiz Aragon; Thomas Marciniec, President, Regional Construction, National Realty & Development Corp.; Jerry Bermingham, Executive Vice President Development & Acquisitions, National Realty & Development Corp.; Council Member Albert Tarantino; Robert Baker, Chairman/CEO, National Realty & Development Corp.; Mayor Noam Bramson; City Manager Charles Strome; Richard Baker, Executive Chairman, Hudson’s Bay Company; Jack Baker; and John Orrico, President, National Realty & Development Corp.

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