February 26, 2019
RXR Realty topped out recently on the Beacon at Garvies Point, a 167-unit condominium complex on the waterfront of Glen Cove, NY. The condo property is part of the $1-billion, 60-acre Garvies Point development that RXR is undertaking in cooperation with this Long Island community.
Scheduled to open by year’s end, the Beacon at Garvies Point features one, two, and three-bedroom residences ranging from 900 to 2,850 square feet. It’s 45% sold, and RXR has amassed more than $72 million in sales, raising prices five times to meet demand.
Garvies Point will provide residents with 28 acres of public amenity space, including a one-mile waterfront esplanade. In addition to The Beacon, the development will also offer Harbor Landing, a 385-unit, two-building rental complex that’s also targeted to open later this year.
Along with Garvies Point, RXR Realty is extensively redeveloping the Village Square portion of downtown Glen Cove.
For comments, questions or concerns, please contact Paul Bubny