Lennar Urban broke ground on a new 74-unit condo building on a Weehawken’s Hudson River waterfront last week.
The new building will be the first of five Lennar has planned for the property.
Known as The Avenue Collection, the buildings will encompass luxury, for-sale condos.The first building, 1000 Avenue at Port Imperial, will be located in the heart of the $2 billion master-planned Port Imperial community which stretches for two miles and across three towns along the Hudson River “It’s a beautiful day for us to begin the next stage of the Port Imperial development,” said Fred Rothman, Regional president of Lennar.
“This has been a long time coming and, after years of planning, here we are about to begin a beautiful glass building in an exceptional waterfront location. This building will stand as the crown jewel of condominiums on the Hudson River waterfront in general and Weehawken, in particular.”
Weehawken Mayor Richard Turner praised the progressive nature of the project and of all waterfront redevelopment in Weehawken in general, stating that the development has been and will continue to be a boon to the Township.
“We began the Weehawken master plan in 2002 and have been developing the waterfront in a responsible manner ever since,” Mayor Turner said. “Today, there is 43 percent open space on our waterfront, including the waterfront walkway. This building comes in the middle of a building boom for our Township. And with even more projects taking place or planned, the future is bright.”
The mayor added: “Wherever I go, people remark about our waterfront, and its growth has brought jobs and events such as the Formula 1 race track. Without development, these would not be possible. There was once a time when you would ask young professionals where they lived and they would say ‘Hoboken.’ Now more and more are saying Weehawken.”
Pre-construction sales for 1000 Avenue at Port Imperial are expected to start this fall, with prices starting at $700,000. Lennar anticipates a fall, 2014 delivery date.
