|
|
Article: Builder places a $120M bet on apartments
- Article from:
- The Record (Bergen County, NJ)
- Article date:
- June 16, 2009
- Author:
CopyrightProvided by ProQuest LLC. (Hide copyright information)
|
KATHLEEN LYNN, STAFF WRITER
The Record (Bergen County, NJ)
06-16-2009
Builder places a $120M bet on apartments -- Sees strong demand near N.Y.C.
By KATHLEEN LYNN, STAFF WRITER
Date: 06-16-2009, Tuesday
Section: BUSINESS
Edtion: All Editions
At a time when builders have pulled back sharply on home construction, Roseland Property Co. of Short Hills opened a new waterfront apartment building in Weehawken on Monday.
The $120-million luxury building, called RiversEdge, is part of Port Imperial, an ambitious redevelopment of the Hudson River waterfront in Hudson County. Construction of RiversEdge began two years ago, in a more optimistic time for the homebuilding industry.
New home construction has ...