'Topping Off' Marked At New 28-Story Luxury Tower In New Rochelle

NEW ROCHELLE, NY — The New Rochelle skyline keeps changing, and the latest downtown high-rise has now officially claimed its place on the cityscape.

LRC Construction celebrated a milestone last Friday in the development of 247 North Avenue, a new 28-story residential tower in downtown New Rochelle, bordered by Lecount Place to the north and North Avenue to the south.

A "topping out" ceremony for the completion of the final floor of the building was held with officials signing a steel beam with several hundred construction workers cheering them on.

The event was attended by Peter Palazzo, President of LRC Construction, Anthony Tortora, Senior VP and Principal of LCOR, Acting City Manager Wilfredo Melendez, City Council Member Shane Osinloye and County Legislator Judah Holstein.

247 North Avenue will have 307 luxury rental apartments, ranging from studios to two-bedrooms, with 31 units reserved for households earning 80 percent of the area median income. There will also be 1,800 square feet of ground-floor commercial space and parking for 257 vehicles.

The apartments will eventually offer panoramic views of the Long Island Sound and Manhattan. Amenities planned include co-working spaces and tenant lounges, an outdoor pool, a professionally designed fitness center and yoga studio, a rooftop sky lounge and a conservatory.

The tower will be an all-electric property and one of the largest residential geothermal projects in the state, according to the developers, who say that rather than using fossil fuel-fired equipment, the geothermal system will provide heat and cooling throughout the property through a series of geothermal wells located deep under the building. The technology is expected to reduce carbon emissions and lower utility costs.

LRC Construction, an affiliate of the Cappelli Organization, is the general contractor for the property.

"As general contractor of this outstanding project, we are very proud of our team of highly skilled and dedicated construction workers whose hard work is making this exciting and innovative residential project a reality," said Peter Palazzo, President of LRC Construction.