NRIA Breaks Ground On $49 Million Luxury Apartment Building In West New York, NJ
WEST NEW YORK, N.J., Nov. 15, 2019 /PRNewswire/ -- NRIA hosted a ceremonial groundbreaking today, marking the start of construction on the first luxury high-rise in West New York, New Jersey’s business district called The Station. U.S. Senator Bob Menendez of New Jersey and West New York Mayor Gabriel Rodriguez were among the dignitaries who participated in the event.
The $49 million mixed-use project at 4901 Bergenline Avenue will have 97 one- and two-bedroom apartments averaging 960 square feet. The units will have open floor plans, oversized windows, luxury appliances, and finishes. Amenities include a rooftop entertainment deck with grilling kitchen, soft seating and panoramic views of Manhattan and the mountains, a state-of-the-art fitness center, and club room. The private, subterranean garage will have 80 parking spots, and there will be 25 additional off-site spots for a total of 105.
The 10-story, transit-oriented project is being constructed on the site of a former Duane Reade Pharmacy located directly across the street from the Bergenline Light Rail Station. It will be the tallest building in the heart of West New York’s business district, and the only luxury high-rise apartment building there. The Station will open to residents in 2021.
“The Station will be a gamechanger for West New York,” said Glenn LaMattina, SVP for Global Business Development of NRIA. “Since the opening of the Bergenline Station back in 2006, it has been the dream of local leaders to build new apartments close to public transportation, and we’re proud to be the first to do a large-scale project like this.”
NRIA’s $49 million investment in West New York will transform the look and feel of the business district and attract other developers and investors, helping to revitalize the business district.
NRIA is a vertically-integrated and award-winning real estate investment, management and development firm specializing in luxury townhomes, condominiums, and multifamily developments and acquisitions. Headquartered in Secaucus, New Jersey, NRIA is a leading specialist in luxury residential design and development with projects underway in the most dynamic urban centers and resort towns on the East Coast. Since 2010, NRIA has acquired and developed or is in the process of producing more than 100+ projects totaling over 2.30 million [sellable/rentable] square feet valued more than $1.125 billion. NRIA has more than a half-million square feet in the immediate pipeline.
View original content to download multimedia: http://www.prnewswire.com/news-releases/nria-breaks-ground-on-49-million-luxury-apartment-building-in-west-new-york-nj-300959426.html