Real-estate development firm RXR Realty is set to begin construction Wednesday in New Rochelle on a $120 million apartment building that will serve as a cornerstone for a 10-year plan to add more housing and businesses downtown.

The city’s $4 billion plan will include 12 million square feet for new apartments, commercial-office space and arts and cultural institutions.

New Rochelle, part of Westchester County, saw many...


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View RXR Press Release here