BNE Real Estate welcomed South Amboy Mayor Fred Henry on Tuesday, March 1, to mark the opening of Station Bay, a new 291-unit luxury apartment building along the Raritan Bay. — Courtesy: BNE
By Joshua Burd
With leasing well underway, BNE Real Estate welcomed local officials this week to unveil its new 291-unit luxury apartment building along the Raritan Bay in South Amboy.
The completion of the project, Station Bay, has resulted in the city’s largest luxury apartment property to date while bringing new life to a parcel off Radford Ferry Road. And it comes amid broader plans to reshape the city’s waterfront as part of a multiphase, $500 million redevelopment and the construction of a new commuter ferry terminal.
BNE and Mayor Fred Henry hailed that momentum during a Tuesday ribbon-cutting ceremony.
“From the very beginning, we shared in BNE’s vision to transform what was once vacant industrial land into a waterfront destination that would bring much needed rental housing to South Amboy,” Henry said. “It’s very important for us to pursue new developments such as Station Bay, which provide attractive housing options and amenities that improve our city. Now that Station Bay has opened its doors, we’d like to extend a warm welcome to the newest members of our incredible community.”
With monthly rents starting at $2,190, with incentives, BNE is offering a mix of high-end studio, one-bedroom and two-bedroom homes and some 37,000 square feet of amenity space. Those features include a lobby coffee bar, entertainment lounges, a Matrix fitness center with separate yoga and spin studios and a co-working lounge, along with two outdoor courtyards with a swimming pool, an outdoor bar and grilling areas, among other spaces.
The property is also steps from NJ Transit’s South Amboy station and the soon-to-be-constructed ferry terminal, along with the city’s mix of downtown retail and dining options. Residents, meantime, have quick access to the Garden State Parkway, the New Jersey Turnpike and routes 9 and 440.
“With the opening of Station Bay, South Amboy’s waterfront has emerged as a prime destination for those looking to combine the best that New Jersey has to offer with convenient access into New York City,” said Jonathan Schwartz, a partner at BNE. “Having experienced incredible demand for these residences, we are proud to stand alongside South Amboy officials to commemorate the official opening of the first phase of this important, transit-oriented redevelopment project.”