Edgewater Harbor on River Road in Edgewater — Courtesy: Levin Management Corp.
By Joshua Burd
An anchor retail space will soon be available at a prominent mixed-use development in Edgewater, offering 24,000 square feet at a site that draws more than 1 million visits per year.
According to Levin Management Corp., the marketing and leasing agent at Edgewater Harbor, the freestanding building is part of the property’s 100,000-square-foot shopping and dining component along River Road. The team is also marketing a second, 5,250-square-foot inline unit at a site that is also home to 595 residential units, Edgewater Borough Hall and a 150-room Marriott Courtyard hotel.
Other retail tenants at the complex include CVS Pharmacy, Haven Riverfront Restaurant and Bar, Great Clips, European Wax Center, Five Guys and others.
“This phenomenal standalone anchor space — with front-facing exposure on River Road — offers unparalleled access and visibility,” said LMC Senior Leasing Representative E.J. Moawad, who is heading the assignment. “Given its size and flexibility, this offering presents a rare opportunity for multiple types of big-box players looking to enter, or expand in, one of New Jersey’s most dynamic retail markets.”
Edgewater Harbor is five miles from the George Washington Bridge and near several major roadways, with a retail component that serves a growing residential population of more than 910,000 people within a three-mile radius, LMC said. The pedestrian-friendly development draws 1.2 million visits per year, the firm added, citing real-time traffic data from Placer.ai.
LMC, which spearheaded the initial retail lease-up at Edgewater Harbor, is marketing the anchor space to prospective tenants of varying sizes and uses.
“We are looking for the highest and best use for this in-demand space, whether that is a grocer, entertainment use or department store,” Moawad said. “Our goal is to secure one major tenant, but, depending on the opportunity, would also consider dividing.”