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Garvies Point
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May 14, 2017

Creating Long-term Growth in Glen Cove

Scott Rechler, CEO of RXR Realty and Glen Cove Mayor Reggie Spinello sat down with WLIW21 anchor Jim Paymar to discuss the Garvies Point and Village Square projects.

Watch the recorded program below. 

SUMMARY

Jim Paymar discusses the transformation of the Glen Cove’s underutilized waterfront to a vibrant community. Garvies Point, one of the largest developments to ever come to Long Island, will bring waterfront recreation, new housing even a ferry to Glen Cove.

Mayor Reggie Spinello highlights the benefits to the area residents. Garvies Point consists of 52-acres of prime real estate on the North Shore of Long Island. The waterfront property has been off the tax rolls and was not productive for the city. The project will bring in revenue for City of Glen Cove and also attract new residents such as young professionals, empty nesters and families who will appreciate the amenities of a city but with suburban living.

Scott Rechler explained to Jim and Reggie that the site, near where he grew up in Glen Cove, is the largest remaining waterfront site on the North Shore of Long Island. Building Garvies Point offers an opportunity to not only create a great development on the waterfront and offer quality of life for people that want to live in a city/suburban setting, but also an opportunity to revitalize Glen Cove and the whole economy of the city.

In addition to the Garvies Point waterfront development. Rechler and Spnello discussed plans for Glen Cove’s downtown. RXR’s project, Village Square, will add residences and 25,000 square feet of retail to downtown Glen Cove generating tax revenue for the City and attracting new businesses to the area.

AIRED: 5/10/2017 | 0:27:11