A rendering of The James, a 240-unit luxury multifamily complex at 87 Madison Ave. in Park Ridge — Rendering by Minno & Wasko Architects and Planners
By Joshua Burd
Claremont Development is set to unveil a new 240-unit luxury multifamily project in Park Ridge, offering a downtown location and immediate access to the borough’s train station.
Known as The James, the complex at 87 Madison Ave. is the result of a long-awaited redevelopment that also includes street-level retail space, structured parking and a public plaza. The Morristown-based builder is preparing to launch leasing this spring and offer immediate occupancy at the collection of studio, one-bedroom and two-bedroom apartments.
“We are thrilled to be counting down the days until we can officially welcome our first residents to The James,” said Richard Sciaretta, managing partner of Claremont Development. “The James has the potential to positively impact Park Ridge in a major way by delivering a luxury rental lifestyle to hundreds of residents in a transit-friendly location and by creating a focal point for the community’s walkable downtown. Our growing waitlist shows that there is a lot of pent-up demand in the market for a luxury community of this caliber that is tailor made for its location, and we are expecting a strong initial response from renters.”
Renderings by Minno & Wasko Architects and Planners/Courtesy: Claremont
Claremont detailed the five-story project on Thursday, touting its upscale apartments and a vast selection of amenity spaces, including a coffee bar, a clubroom with billiards and shuffleboard, a tasting room with a catering kitchen and co-working spaces with private offices. The James will also have a modern fitness center and outdoor offerings such as a pool, grilling and dining areas and a turf lawn, among others.
The property, designed by Minno & Wasko Architects and Planners, also will include more than 17,600 square feet of retail space that will join the downtown’s mix of shops, restaurants and local businesses, according to a news release. Additionally, renters will be a block from NJ Transit commuter rail service on the Pascack Valley line and minutes from the Garden State Parkway and Palisades Parkway.
The project, which is helping Park Ridge satisfy its state-mandated affordable housing obligations, has redeveloped the site of a former waste transfer station.