Executives with Mack-Cali Realty Corp. and Roseland Residential Trust joined local officials to mark the opening of RiverHouse 11, a 295-unit luxury apartment building in Weehawken. — Photo by Peter Dant Photography/Courtesy: Mack-Cali
By Joshua Burd
Mack-Cali Realty Corp. has opened the doors to the latest project by its Roseland Residential Trust subsidiary, a 295-unit luxury apartment building on the Weehawken waterfront, where renters have leased 90 percent of the homes in barely three months.
The developers welcomed local officials and a crowd of other stakeholders on Monday to mark the debut of RiverHouse 11, the latest addition to the master-planned Port Imperial development in Hudson County. They also hailed the overwhelming response to the project — which has a high-end, industrial feel and a long list of amenities — despite the ongoing multifamily construction boom throughout New Jersey and along the Hudson River.
“It’s a spectacular property,” said Marshall Tycher, chairman of Roseland Residential Trust. “We couldn’t be more proud of it — and a 90 percent lease rate in a matter of just a few months is a big testament to the great design, construction and product that RiverHouse 11 represents.”
Located at 1100 Avenue at Port Imperial, RiverHouse 11 has opened as Mack-Cali and Roseland move ahead with their remaining parcels in the town and in neighboring West New York. CEO Michael DeMarco said the company has a pipeline of several hundred units over a few remaining sites in the area, along with a dual-branded Marriott hotel that is set to open in the coming months alongside the New York Waterway ferry terminal.
The $2 billion Port Imperial development goes back more than 25 years with local officials in both municipalities, having transformed a stretch of a tired, formerly industrial waterfront across from Manhattan. On Monday, Weehawken Mayor Richard Turner offered praise to the developers and to a host of town officials who have been involved in the project.
“How many people remember the waterfront 30 years ago?” Turner said. “You could not come down here — it was empty. And it’s been a tremendous community process. … Everybody in this room contributes in one way or another and it’s a tremendous effort to keep this going.”
Turner said RiverHouse 11 will generate $1.4 million in annual revenue for the town.
At full build-out, the 200-acre Port Imperial development is slated to include 20 upscale residential, retail and hotel properties.
Residents at the newest building have amenities such as a sky terrace with stadium seating, a resort-style pool and sundeck, along with a large fitness center with yoga and spin studios and a rock-climbing wall, according to a news release. The 10-story building also features a business center, a music room, conference rooms and a golf simulator lounge.
The property is also a short distance from direct ferry service to Manhattan and the Hudson Bergen Light Rail.