Quote:
Originally Posted by Crawford
There is a also second large complex about to break ground just to the west.
This second development will be by Tucker Development, and include residential and hotel towers, and a significant retail component.
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Yes, it is "Hudson Lights", I think it would break ground during this year.
Here's an article about it.
Luxury in Fort Lee
http://online.wsj.com/article/SB1000...348476542.html
Quote:
An eight-acre lot in Fort Lee, N.J., once owned by Harry Helmsley, is slated to soon become a large mixed-use development after four decades of failed plans.
Tucker Development Corp., Ares Management and Kushner Real Estate Group have secured financing for the first phase of Hudson Lights, which will include 143,000 square feet of retail, 276 luxury rental apartments and 864 parking spots.
Sovereign Bank, a unit of Banco Santander SA, SAN.MC +0.03% is supplying a $117 million construction loan, and the developers will provide equity for the rest of the $218 million budget for the first phase of the project. A groundbreaking will be announced soon, and construction is expected to take around 22 months, said Richard Tucker, chief executive of Highland Park, Ill.-based Tucker Development.
Phase two of the project, which could break ground by next year, is slated to include a hotel, more retail space and an additional 200 residential units. Tucker Development also has the option of including an office building, but Mr. Tucker said that would only happen if an anchor tenant was secured before construction began.
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They are doing three projects there, the smaller one, Twenty 50, is already completed and has 194 units
http://newjersey.news12.com/news/new...area-1.6090607
Here's a map with the three projects, between the tree there will be more than 1500 new housing units plus a lot of rtail space.
And here are some renders of Hudson Lights, whose first phase could break ground this year. It is another project not related to The Modern but for now I think it could be here.
The renders are from Martin demczyk
http://www.demczyk.com/hudsonlights/# and the project is supposed to be from Arquitectonica, although I can't find it on their page.