The first shovel of dirt was dug for a new one million square feet community in Fort Lee, NJ, yesterday (Wednesday).
Tucker Development and Kushner Real Estate Group were joined by Fort Lee Mayor Mark Sokolich and officials from Ares Management and general contractor Tishman Construction to break ground on the project and introduce its lead tenant.
State-of-the-art movie theater iPic will build an eight-screen, 533-seat luxury cinema and its dining concept, Tanzy, as part of the development’s first phase.
The movie theater will offer its guests reclining chairs, pillows and blankets. At the push of a button, guests can summon personal servers to deliver treats and cocktails.
“This area of Northern New Jersey is emerging as a rich cultural destination, and we are excited for iPic to be a major social cornerstone for this market,” said Hamid Hashemi, president and CEO of iPic Entertainment.
Robert K. Futterman & Associates is serving as the development’s exclusive retail leasing agent and negotiated the iPic lease with Silbert Realty, the tenant’s representative.
Called Hudson Lights, Phase 1 of the development near the entrance to the George Washington Bridge will have 517,000 s/f of commercial and residential space. Some 143,000 s/f will be occupied by retail and 276 luxury apartments will be built in towers that will include a pool, lounge, fitness center, rooftop terrace and gardens. The development’s first phase will also include 864 parking stalls.
Designed by leading architecture and planning firm Arquitectonica, Hudson Lights is the western portion of a major redevelopment plan on a 16-acre Fort Lee site. Two new roadways will be constructed as part of the development.
“Hudson Lights represents so much more than its brick and mortar component,” said Richard Tucker, president and CEO of Tucker Development. “Today’s groundbreaking is the next step in downtown Fort Lee’s transformation into an urban-inspired, walkable community that will attract people from throughout the region to its eclectic mix of shopping, dining, entertainment and luxury residential offerings.”
The new iPic theater will enable guests to enjoy movies in ultimate comfort and style with reclining chairs, pillows and blankets. At the push of a button, guests can summon personal servers to deliver signature dishes or handcrafted cocktails from iPic’s in-theater restaurant, Tanzy Express.
The fully entitled second phase of Hudson Lights is approved to include an additional 201 residential units, approximately 50,000 s/f of retail space and parking, as well as a 175-room hotel.
The zoning also affords the development the option for an office building of up to 430,000 s/f.
Demolition and clearing of the site have commenced. Completion of the project’s first construction phase is scheduled for summer 2015.
In attendance (from left to right): KRE Group’s Joseph Punia, Ares Management’s Gino Polizzotto,
Arquitectonica’s Victor Malerba Jr. and Jooyeol Oh, Tishman’s Michael Kasian, Arquitectonica’s Sam Luckino, Tucker Development’s John J. Donohue, Building Official Brian Ribarro, and Tishman’s Mark Price, Ryan Andrew and Ryan Mahoney.