After a successful 20 months of operating NYCB LIVE, home of the Nassau Veterans Memorial Coliseum in Uniondale, BSE Global has exercised its pre-existing leasehold rights and partnered with RXR Realty to develop the property around the Coliseum (the “Nassau Hub”) to create a dynamic, cohesive, and lively Innovation District – “a new suburbia” – in the heart of Nassau County.
On December 17, 2018, the Nassau County Legislature unanimously passed County Executive Curran’s Development Plan Agreement, allowing BSE and RXR to advance their transformational vision for the Hub site.
This robust ecosystem will be comprised of office uses with a focus on life sciences and R&D, innovative residential housing, engaging entertainment and retail complementary to the Coliseum, open green spaces, walkable streets with multi-modal connectivity and public amenities, turning the Nassau Hub into a place where people can live, work, play and innovate.
The development seeks to attract new economic activity to the surrounding areas, generate substantial new tax revenue at the local, County and state levels, create new high-paying jobs for people of varying skill levels, provide best-in-class entertainment and retail options, and help attract and retain Long Island’s young and empty-nesters.
The project will transform the near 70-acres of barren parking lots surrounding the Coliseum into a new vibrant, walkable, mixed-use downtown in the heart of Nassau County. The development plan will leverage the region’s world-renowned institutions and natural competitive advantages to attract the talent and innovation anchors needed to become a new economic engine for Nassau County and Long Island.
A key component of our development process is an on-going commitment to providing a voice for all stakeholders, so that, working with the community, we can co-create and execute on a collaborative plan for the Hub site.
A Community Benefits Advisory Council will be established to develop a comprehensive Community Benefits Agreement that will ensure that the new development helps to address the needs of the surrounding area, with a particular focus on communities in-need and communities that are traditionally underrepresented in the workforce.
BSE Global, which is owned by Onexim Sports and Entertainment, develops and operates state-of-the-art venues and manages premier sports franchises, delivering dynamic content and experiences for audiences. BSE oversees programming, marketing, sales, and operations for Barclays Center; NYCB LIVE, home of the Nassau Veterans Memorial Coliseum; LIU Brooklyn Paramount Theatre; and Webster Hall. BSE manages and controls the Brooklyn Nets and its NBA G League team, the Long Island Nets, as well as the business operations of the NHL's New York Islanders.
Since re-opening, NYCB LIVE has hosted more than 300 events. The arena hosts a variety of events, including over 22 Grammy award-winning artists, premier college basketball programs, live family entertainment, and boxing and UFC events, which have been broadcasted on both FOX and HBO. Venues Now named the NYCB LIVE the highest-grossing U.S. mid-sized venue for 2017.
Brett Yormark, CEO of BSE Global, has been with the Nets since 2005, when he was hired to oversee the team’s transition to Brooklyn and the opening of Barclays Center. In 2013, Yormark was instrumental in securing the winning bid to renovate and operate the Coliseum and has led the charge in bringing the Islanders back to the venue.
RXR is one of the largest and most active developers in the New York region with a multi-billion dollar portfolio of development projects throughout Nassau and Westchester Counties, and New York City.
The RXR platform manages 69 commercial real estate properties and investments with an aggregate gross asset value of approximately $18.1 billion, comprising approximately 24.6 million square feet of commercial properties, inclusive of a multi-family residential portfolio of approximately 2,600 units under operation or development, and control of development rights for an additional approximately 3,600 multi-family and for sale units in the New York Metropolitan area.
The breadth of experience among RXR’s team members includes pivotal roles in major economic redevelopment projects with direct relevance to the Hub, including the most recent Coliseum renovation, Pacific Park and Barclays Center, Yankee Stadium, Citi Field, the Roosevelt Island Cornell-Technion campus, Manhattan’s Pier 57, and New Rochelle’s downtown revitalization.