Massive new apartment development coming to Hudson River waterfront

by

New York developer The Maxal Group, and its partner Envirofinancing Group, is set to build 1,200 new apartments on 19 acres of the Hudson River waterfront in Edgewater, NJ.

The local planning board just approved their plans for
transform the old Hess Oil Company site at 615 River Road.

The new development will be one the largest mixed-use
projects on the Jersey Gold Coast.

The 1.2 million square foot project will be built in three,
25-story towers that will offer residents breathtaking views of the Manhattan
skyline.  The project will also include
20,000 s/f of commercial space, a two-acre public park, a waterfront walkway
connected to the existing river walk in the borough, and ferry service to New
York.

To relieve traffic on River Road, the developers propose to
construct, bus “super stops” that will create loading lanes for both north and
south bound buses along River Road.

Among the 1,200, one-two- and three-bedroom apartments will
be 180 affordable housing units which will provide 30 percent of the borough’s
state-mandated affordable housing obligation of 624 units.

A five-acre parcel on the western side of the property that
straddles River Road is being set aside as the possible site for construction
of a new school.

“We want to thank the Planning Board for granting us the
approvals that we have long sought. We look forward to bringing a
sophisticated, quality complex to Edgewater,” said Bruce Sturman, a managing dDirector
of the Maxal Group.

Sturman said with the planning board approvals in hand his
firm can begin applying for building permits as soon as possible.

Thomas O’Gara a managing director at Maxal said: “The 615
River Road project will be done with the same extraordinary attention to detail
that can be found at our recent luxury residential project that we developed
with Hartz Mountain Industries at 1500 Harbor Boulevard in Weehawken.”

The River Road project is designed to create the maximum
amount of open space to provide visual corridors to the Hudson River and New
York City Skyline.

The design of the three towers at 615 River Road is being
done by the architectural firm FXCollaborative of New York.

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