DMG INVESTMENTS CLOSES $71.6 MILLION CONSTRUCTION LOAN FOR ONE PARK CONDOMINIUM BUILDING IN CLIFFSIDE PARK, NJ

One_Park_Aerial204-Unit Building Facing Manhattan Scheduled for Fall, 2018 Completion

 DMG Investments today announced that it has closed a $71.6 million construction loan for One Park, the 204-unit luxury condominium building rising in Cliffside Park, NJ with panoramic views of the Manhattan skyline.  The 14-story building topped out in August and is scheduled to be completed in fall, 2018.  The financing was secured by DMG with the assistance of Cooper-Horowitz, Inc. through AIG.

“We’re delighted to receive this vote of confidence from a commercial lending institution that recognizes One Park’s unique qualities and widespread appeal to buyers both here and oversees,” said Jacky He, Executive Vice President of DMG Investments.  “With a clifftop location that maximizes the building’s dramatic views, world-class design, inspiring amenities and proximity to Manhattan and the vibrant Hudson River waterfront, One Park offers a new perspective on Gold Coast living.”

Designed by noted architectural firm Architectura, with interiors curated by boutique design firm, VLDG, One Park boasts a glass curtain wall and private outdoor space for every home.  The distinctive new landmark offers one-, two-, three- and four-bedroom residences priced from $495,000, according to Hallstead Property Development Marketing (HPDM), which is directing the sales effort.

The dramatic elegance and sophistication of One Park are further enhanced by its more than 25,000 square feet of indoor and outdoor amenities.  These will include a 24-hour attended front desk, an Aquatic Center featuring an indoor 55-foot heated pool with adjoining outdoor sun deck, sauna and steam rooms; and a private furnished roof deck including dining terrace with grilling stations, fire pits, intimate seating areas and outdoor movie theater.   There’s also a state-of-the-art fitness center with private Pilates room and squash court, a golf simulator, children’s playroom, a pet spa, guest suites and a secure parking garage with a fully-automated Unitronics system.

One Park’s Cliffside Park location has long attracted those commuting to New York City for business and pleasure who appreciate its proximity to the George Washington Bridge, Lincoln Tunnel and New York Waterway ferry service to Manhattan.  The one square-mile borough also enjoys a diverse dining and shopping scene. The main thoroughfare, Anderson Avenue, or “The Avenue” as it is affectionately referred to, is lined with boutique stores and shops, while an eclectic offering of dining, shopping and waterfront recreational and nightlife pursuits are just minutes away in Edgewater, Weehawken, North Bergen and Hoboken.

For more information on One Park, please call 201-633-7600 or visit www.OneParkCondosNJ.com

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