RXR breaks ground on new Garvies Point apartments | Long Island Business News

RXR is beginning construction on its latest addition to its $1.3 billion Garvies Point development in Glen Cove. 

Along with its real estate investment partner Chuo-Nittochi Group, RXR will be constructing a five-story, 101-unit luxury rental building called The Arden. 

The Arden project, which had a groundbreaking ceremony on Monday, will include 2,400 square feet of retail space with outdoor patio seating, 94 covered garage parking spaces, 72 surface spaces, and 7,750 square feet of indoor amenities, including an attended lobby, resident lounge, and wellness lounge, according to an RXR statement. It will also feature 8,300 square feet of outdoor amenity space with a courtyard, swimming pool, grilling stations, bicycle storage, EV charging stations, and walking trail access to Garvies Point Preserve.

The Arden will join other Garvies Point rental buildings including the 385-unit Harbor Landing, and 55 units of workforce housing in two buildings from Georgica Green Ventures at the 56-acre mixed-use community that began rising in 2016. RXR also developed the 146-unit Village Square apartment complex about a half mile away in downtown Glen Cove. 

With 167 residences, The Beacon, completed at the end of 2019, offered 800-square-foot to 2,400-square-foot condos at Garvies Point with prices ranging from $800,000 to about $3 million. Amenities at the condo building feature a movie theater, billiards and game room, library, fitness center, yoga studio, event space, outdoor pool and a 24-hour concierge.  

First pitched in 2002, the redevelopment of the once blighted Garvies Point property, a former EPA Superfund site, has gone through changes in developers, a drawn-out environmental cleanup, a housing market crash and a few lawsuits that collectively delayed the massive project along the way. 

The City of Glen Cove has had several different mayors since the plan was first presented. The city signed a land development agreement with the project’s original developers in 2003 and initial approvals were granted in 2008, but the start of construction was delayed by the massive clean-up needed to remediate the once-toxic property, changes in the development team and poor market conditions. 

Though the name of the project, originally known as Glen Isle, and the plan itself has morphed since it was first proposed, Garvies Point was planned to bring a total of 1,100 residences, split between rentals and for-sale residences. RXR was assisted in the development with economic incentives from Glen Cove Industrial Development Agency and Local Economic Assistance Corp. 

The Arden is scheduled to be completed in 2027.