THE RITZ-CARLTON RESIDENCES IN NORTH HILLS REPORTS STRONG PHASE 2 SALES

April 17,2018

Media

NORTH HILLS, NY - Sales continued to be strong at The Ritz-Carlton Residences, Long Island, North Hills, throughout the winter and into early spring, as construction continues on Phase 2 of the luxury condominium community just 20 miles from Manhattan. Buyers will be able to move in to Phase 2 residences starting in December 2018.

The Ritz-Carlton Residences is a gated-community with park-like grounds, a 25,000-square foot Clubhouse and individual luxury condominiums. In keeping with The Ritz-Carlton brand, residents’ needs are attended to by Ritz-Carlton ladies and gentlemen with an enviable range of services and amenities. The intense interest in The Ritz-Carlton Residences, North Hills confirms the vision of luxury living that Long Island native Scott Rechler, CEO and Chairman of RXR Realty brought to the project as its developer.

The Ritz-Carlton Residences Long Island, North Hills

To date, 42 of the 120 units in Phase 2 have sold, with another six sales pending. Phase 1, which opened in the fall of 2016 with 124 luxury residences on the nearly 17-acre site, is 6 units shy of being sold out, with immediate occupancy available.

Residents enjoy 24-hour concierge service and lavish amenities. The Clubhouse features grand spaces for entertaining, a lounge and bar for residents, board room, theater-style screening room, game & billiards room, and a state of the art fitness center and yoga studio which features saunas, steam showers, and indoor & outdoor swimming pools. The impeccably landscaped property offers a walking path, serene pond, and lush gardens. The individual residences in Phase 2 offer a variety of floor plans that range from 1,600 to 3,800 square feet, including two and three-bedroom options. Every residence on the property has either a private balcony or terrace, high ceilings, gourmet kitchens, well-appointed bathrooms and two parking spaces. In addition to the amenities in the Clubhouse, each residential building features its own club room, fitness center and yoga studio.

The Ritz-Carlton Residences Long Island, North Hills

Another benefit exclusive to those who own or are under contract at The Ritz-Carlton Residences, North Hills is the availability of a specially priced membership at the historic Engineers Country Club in nearby Roslyn Harbor. The club boasts a Devereux Emmet designed 18-hole championship golf course, Olympic sized pool, tennis courts, and newly renovated dining and banquet facilities.

“The Ritz-Carlton Residences, North Hills continues to set the standard for luxury living on Long Island, as demonstrated by the strong sales activity and ongoing interest even during the winter months,” said Joe Graziose, EVP of Residential Development and Construction. “There’s been a pent-up demand for this kind of low maintenance luxury lifestyle that we’ve seen both at The Ritz-Carlton Residences and at Garvies Point in Glen Cove, another RXR residential development project.”

Deirdre O’Connell, CEO of Daniel Gale Sotheby’s International Realty, which is the exclusive sales and marketing team for both The Ritz-Carlton Residences and The Beacon at Garvies Point echoed that sentiment. “The keen interest in a luxury lifestyle development like The Ritz-Carlton Residences, North Hills leaves little doubt that there are discerning buyers looking to live on Long Island who desire the worry-free home ownership, luxury amenities and exceptional hotel-like services that The Ritz-Carlton Residences delivers so well," she said. "It’s gratifying and exciting to work side by side with the RXR team on this landmark development project."

For more information, visit http://theresidenceslongisland.com

About RXR Realty

RXR Realty LLC (“RXR”) is a vertically integrated private real estate company with expertise in investment management, property management, development, design, construction, leasing and financing. RXR’s core growth strategy is focused on New York City and the surrounding Tri-state area markets. The Company is one of the largest owners, managers, and developers in the New York Tri-State area. The RXR platform manages 72 commercial real estate properties and investments with an aggregate gross asset value of approximately $17.7 billion, comprising approximately 23.1 million square feet of commercial operating properties and approximately 6,300 multi-family and for sale units in various stages of development in the New York Metropolitan area. For more information about RXR, visit www.rxrrealty.com.