News Summary
White Oak Real Estate Capital has announced a $46.2 million loan for a new build-to-rent housing project in Tuxedo, NY. This initiative is part of Phase I of The Village at Tuxedo Reserve, which will add 93 rental units to the 1,200-acre community. As demand for multifamily housing grows, this project aims to cater to prospective residents with unique amenities and a focus on outdoor lifestyle.
Major Construction Loan Secured for Build-to-Rent Project in Tuxedo, NY
White Oak Real Estate Capital has announced a significant boost to the housing market in Tuxedo, New York, by providing a construction loan of $46.2 million for a build-to-rent residential project. This initiative signifies Phase I of The Village at Tuxedo Reserve, with plans to provide much-needed rental housing options in the area.
Location and Project Scope
Located along the New York-New Jersey border, Tuxedo Reserve is poised for growth with the introduction of this new project aimed specifically at renters. Phase I will add 93 rental units to an already expansive master-planned community covering 1,200 acres. With the increasing demand for housing in the region, especially for multifamily units, this development will bring diversification to a market that is predominantly characterized by single-family homes.
Completion Timeline and Development Teams
The new rental units under the first phase of The Village at Tuxedo Reserve are expected to be completed by fall 2026. The financial arrangement for this loan was led by Max Ralby from Newmark, showcasing effective collaboration among key industry players. Related Companies is spearheading the development of the Village, while Lennar Corporation serves as the master developer of the broader Tuxedo Reserve community, which aims to eventually include around 1,300 residences.
A Vision for Community Growth
The Village at Tuxedo Reserve is set to encompass between 300 to 400 rental units along with 43,000 square feet of commercial space. This strategic planning is designed to cater to the needs of community residents and attract visitors from surrounding areas, as Tuxedo is conveniently located 45 miles north of Midtown Manhattan. The project aims to foster a sense of community while addressing the prevalent demand for convenient and modern rental options.
Features and Amenities
This development is particularly appealing because it plans to offer a range of retail components, including a high-end supermarket, a spa, a fitness gym, and various dining establishments aimed at enhancing the living experience for future residents and the surrounding community. Moreover, Tuxedo Reserve will focus on outdoor lifestyles, featuring extensive trail networks and access to nearby natural landscapes.
Enhancing Quality of Life
With amenities such as resort-style pools and state-of-the-art fitness centers, Tuxedo Reserve aims to not just meet housing demands, but to significantly improve the quality of life for its residents. This project also employs Lennar’s signature Everything’s Included® program, which ensures that all homes come equipped with value-enhancing features right from the start.
Community Collaboration
The developers are actively engaging with local officials and stakeholders to ensure that the project aligns with the community’s vision. Construction is currently underway for mixed-use multifamily and retail spaces, which are designed to promote community engagement and sustainable growth. The overarching aim of Tuxedo Reserve is to create a vibrant town center that serves both local residents and visitors to the many attractions in the area.
As Tuxedo Reserve continues to evolve, it stands as a prime example of innovative urban planning and focused community amenities that are set to reshape the housing landscape in Tuxedo, New York.
Deeper Dive: News & Info About This Topic
Additional Resources
- Rebusiness Online
- PR Newswire
- Commercial Observer
- New York Post
- Google Search: build-to-rent housing Tuxedo NY
Author: Construction NY News
NEW YORK STAFF WRITER The NEW YORK STAFF WRITER represents the experienced team at constructionnynews.com, your go-to source for actionable local news and information in New York and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the New York Build Expo, infrastructure breakthroughs, and cutting-edge construction technology showcases. Our coverage extends to key organizations like the Associated General Contractors of New York State and the Building Trades Employers' Association, plus leading businesses in construction and real estate that power the local economy such as Turner Construction Company and CMiC Global. As part of the broader network, including constructioncanews.com, constructiontxnews.com, and constructionflnews.com, we provide comprehensive, credible insights into the dynamic construction landscape across multiple states.
