Seth Pinsky to join RXR Realty
Seth Pinksy, the president of New York City’s Economic Development Corporation is leaving his post at the agency to join Scott Rechler’s real estate investment firm, RXR Realty, according to Crain’s New York. Pinsky will stay at the agency until August when Kyle Kimball, an executive director at the agency, will take over. During his tenure heading the Economic Development Corp., Pinsky helped arrange several major development projects for the city, including a nearly $300 million deal in recent months to convert the Kingsbridge Armory in the Bronx into the country’s largest ice rink facility. Pinsky also helped arrange the city’s $100 million acquisition of land in Coney Island in 2011 and draft plans to restore the area back to its carnival-era roots. Pinsky also spearheaded the $2 billion deal to create a joint NYC Tech campus for the Israeli Technion and Cornell universities on Roosevelt Island.
Pinsky is involved in the New York Jewish community and was honored by the Bnai Zion Foundation last September. In addition, both of Pinsky’s parents are heavily involved in their Wellington, Florida, Jewish community. According to Pinsky’s New York Times wedding profile, his mother is the assistant principal of the Arthur I. Meyer Jewish Academy in West Palm Beach, Florida, and his father is the leader of Temple Beth Torah in Wellington.