Earlier this month, developer Maxal Group acquired $255 million from S3 Capital for the construction of 615 River Road, a 25-story residential building in Edgewater, New Jersey. Designed by FXCollaborative, the structure is the first phase in a $1 billion master plan and will yield 381 units along with ground-floor retail space. The property is located along the Hudson River near the intersection with Archer Street.
Renderings show the building’s massing divided into a large multistory podium and a tower with setbacks along the eastern edge of the upper levels. The façade will be composed of glass and gray metal paneling with a corrugated geometry that will make for bay window layouts, increasing the units’ natural light exposure. A landscaped amenity deck is depicted atop the podium, offering residents views overlooking the river. Broad canopies protrude from the corners of the ground floor, which features a glass curtain wall for the retail frontage, and new tree-lined sidewalks will surround the property.
615 River Road. Rendering courtesy of FXCollaborative.
Galaxy Capital brokered the transaction for S3 Capital’s construction loan. The site, once operated by oil company Hess, currently sits vacant and overgrown. Maxal Group purchased the nearly 18-acre property in 2014, but construction efforts were delayed by legal disputes that lasted until 2019, then again by COVID-19 disruptions. The development is contingent upon a remediation of the former industrial site, as well as the allocation of 8 acres of the master plan for a new school and a 2.5-acre public waterfront park with 650 feet of river frontage for the 18.5-mile Hudson River Waterfront Walkway.
The full master plan calls for more than 1,200 residential units, over 1,000 parking spaces, additional ground-floor retail space, and a new public ferry terminal that will provide access to the west side of Manhattan in less than 15 minutes. There will also be on-site NJ Transit bus stops with service to the Port Authority Bus Terminal in Midtown, Manhattan.
A construction timeline, unit breakdown, and list of amenities for 615 River Road have yet to be announced.
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With so many buildings going up it is time to talk about
Auctions soon . There are so many buildings going up that if AI starts replacing workers and jobs get eliminated in 3 to 5 years real estate crashes.
You are absolutely right, and no one, Left or Right, wants to talk about it.
AI for white-collar jobs; robots for blue-collar jobs.
Looking forward to seeing the vacant lot fully developed with a public park.
Me too! Such a huge space that’s been left empty for too long
They need better transit options for the area. River Road is too congested. Such a missed opportunity for light rail or at least express bus lanes & service.
absolutely. it looks like njt will expand the hblr up tonnelle to ft lee someday, but it could most definitely use a river road branch too.
This has a really massive appearance. At least it is not one of those wooden apartment complexes with a stucco exterior. There was one across the street from this which burnt down then construction and then again while occupied.
The Japanese shopping center next door is interesting. I was there years ago when they were having a giant tuna festival. The meat was being sold off while the fins and tail were artistially arranged in a large vase.
its next to mitsuwa the japanese plaza and grocery — thats a pretty cool retail amenity. if you want to go on a shopping expedition they have a bus from the port authority bus station.
How does an economy without workers….work? Who buys things if they don’t have paid work?