Mack-Cali Realty Corp. and its subsidiary, Roseland, are set to break ground on a new 280-unit luxury rental unit on Jersey’s Gold Coast.
The developer will be joined by officials from the Township of Weehawken next Wednesday for a ceremonial dirt-digging for what’s being called RiverParc.
The $100 million building will be the latest addition to the Port Imperial mixed-use master planned development which spans more than two-and-a-half miles of waterfront property facing Midtown Manhattan.
The 10-story RiverParc will have studio, one-, two-, and three-bedroom floor plans ranging in size from 498 s/f studios to 1,405 s/f three bedrooms.
Amenities will include a fitness center, golf simulator, indoor heated pool, outdoor terrace with hot tub and fire pit, children’s play room, and theater, conference, games and billiards rooms.
There will also be an enclosed parking garage with 320 parking spaces, including guest parking. Upon completion, Roseland will oversee the leasing and management at RiverParc.
Mack-Cali last year bought Roseland Properties’ development and management divisions in a deal valued at $134.6 million. It marked the beginning of an aggressive diversification of its primarily office portfolio into the multi-family market.
The REIT also announced plans to build two luxury apartment towers in Jersey City in partnership with the local Ironstate Development.