RXR Realty and Brooklyn Sports & Entertainment, which operates NYCB Live’s Nassau Coliseum, have agreed to build and finance a $1.5 billion project with housing, retail and office space on 72-acres around the arena now largely covered in asphalt, company executives said Tuesday.
Nassau County Executive Laura Curran is expected to seek legislative approval of the plan as soon as October, administration officials said.
Administration officials also said they are in talks with the Mount Sinai Health Network, which has formally expressed interest in building a 100,000-square foot medical research facility on the site.
The site, also known as the Nassau Hub, is the last major tract of undeveloped land in Nassau County.