Kathryn Brenzel at NJ.com reports on Port Imperial’s newest development, River Parc.
Its view of Manhattan is a crucial draw, but Port Imperial is still a skyline in progress.
The waterfront development, which spans 200 acres and three municipalities, has been more than 20 years in the making. Its newest addition, RiverParc, opens later this month, with thousands of more units planned along the Hudson River over the next several years by various developers.
Initial projections estimated the completion of the redevelopment in 2020, but developers and officials are hesitant to offer an exact date. The redevelopment will likely take longer and cost well over the $2 billion previously predicted, said Andrew Marshall, executive vice president of development at Roseland Mack-Cali. He said it could be another five or seven years before the project is finished.
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Nearby at 1200 Avenue, the second building of Lennar’s The Avenue Collection is well underway. The first of the seven-building project–a 74-unit, seven-story building at 1000 Avenue–opened in July. Together, these upscale developments have transformed a “fallow rail yard and shipping location” into a both a desirable living space and a destination for visitors, Marshall said.
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