Posted Mar 17, 2017, 2:45 AM
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NYC/NJ/Miami-Dade
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Join Date: Jul 2013
Location: Riverview Estates Fairway (PA)
Posts: 45,839
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IRVINGTON | The Hilltop (832 Chancellor Avenue) | FT | 8 + 5 FLOORS
Project: The Hilltop (832 Chancellor Avenue)
Quote:
The Township of Irvington, located just west of Newark, will soon be home to The HillTop, a large mixed-use multi-phase development. The project is being developed at a six-acre lot where the Irvington General Hospital once stood at 832 Chancellor Avenue, between Park Place and Krotik Place, not far from the borders of Union, Hillside, and Maplewood.
The development’s first phase will be a five-story building called The Gillepsie, the Greater Newark LISC reports, adding that The Gillepsie was awarded a 9% tax credit award from the New Jersey Housing and Mortgage Finance Agency. According to TD+Partners, 80% of the 113 units in the $30 million building will be affordable, while the remaining 20% will be market rate. Perkins Eastman is listed as the project architect, and Prudential, JPMorgan Chase, and the National Equity Fund are among the listed development partners.
The HillTop property, which features views of the Manhattan skyline is located near Garden State Chancellor Park and the Garden State Parkway, and NJ Transit’s Bus 39 to Newark’s South Ward and Downtown Newark stops directly in front of the lot.
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Jersey Digs
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