Two friends of 3DWalkthroughs.com have announced that they will be working together on the Nassau Coliseum Redevelopment Project (The Lighthouse Project). RexCorp Realty (Scott Rechler) officially hired the Spector Group (Marc Spector) as one of two master planning/architect firms that will be spearheading the project.
The mixed use development project will include: an 18,000-seat arena for sporting events and concerts, housing, office space, retail stores, a hotel and a complete restoration and renovation of the Nassau Coliseum.
3DWalkthroughs.com will be closely following the progress of the Lighthouse Project as it is one of the largest and most ambitious development projects to ever happen in Long Island...not to mention two of our best friends are involved.
Below is a blurb from Sunday's NY Times describing the partnership.
NYTIMES
In the Region
Long Island, Westchester, Connecticut and New Jersey
Go to Complete Coverage » The Nassau Coliseum redevelopment plan advanced another step when the project’s partners chose a master planning team of two architecture and planning firms, the Development Design Group of Baltimore and the Spector Group of North Hills.
The two companies will design a $2 billion suburban center on 77 acres of county-owned property. It is scheduled to include an 18,000-seat arena for sporting events and concerts as well as housing, office space, retail stores, a hotel and a complete restoration and renovation of the Nassau Coliseum. The project’s partners — Lighthouse Development Group, a joint venture between Charles B. Wang, owner of the New York Islanders and founder of Computer Associates, and Scott H. Rechler, chairman of RexCorp Realty — announced the hiring of the planning team on July 20.
The Development Design Group is known for malls and mixed-use developments throughout the country. The Spector Group’s projects include RexCorp Plaza in Uniondale, Jericho Plaza and the Islandia headquarters of Computer Associates. The company will provide local expertise for the project’s planning and design, said Marc B. Spector, one of the company’s principals.
Mr. Rechler, Long Island’s largest developer of commercial real estate, said, “We were looking for a team who would want to stick with the character of Long Island, but at the same time provide Long Island with what it doesn’t have.”
The Lighthouse Project is expected to create 16,000 construction jobs, as well as thousands of permanent jobs and many new businesses, and to generate almost $60 million of annual real estate tax revenue, Mr. Rechler said.
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