Hartz Mountain Industries and Roseland Properties have announced a new partnership to build The Estuary, a new 589-unit residential complex on the waterfront in Weehawken, NJ.
Hartz, which has owned the property on the waterfront since 1981, and Roseland will build the $200 million project that will include three buildings surrounding a courtyard space.
In addition to city views and easy access to Manhattan via ferry, The Estuary luxury rentals will have a rooftop deck and pool, golf simulator, hot tub, fire pit, fitness room, yoga room, children’s playroom, and Wii game center.
“Lincoln Harbor is the ultimate Hudson waterfront location for renters-by-choice who want all the amenities they can get within view of Manhattan without being in Manhattan,” said Carl Goldberg, managing partner for Roseland Property Company.
“The lifestyle differences in New Jersey are seen by many renters as advantages for which they pay less – they get rewarded twice in one location selection.”
“Jersey’s growing waterfront communities are dependent on and perfectly compatible with the improved condition of the Hudson River,” said Goldberg. “The Estuary will be the hallmark of a place whose time has come.”
“Hartz has owned this property for 30 years and has had major commercial success by leasing to companies that include UBS AG and the Sheraton Lincoln Harbor Hotel,” said Emanuel Stern, president and chief operating officed for Hartz Mountain Industries, Inc.
“Now, by partnering with Roseland Property, we can make Lincoln Harbor into a great place to stay, work or live.”