Construction has officially begun on the highly anticipated luxury waterfront development, 1800 Avenue at Port Imperial, in Weehawken, NJ. Developed by WHK Waterfront Urban Renewal, LLC and designed by Handle Architects, this project is set to be completed by summer of 2026.
Benefit Street Partners has stepped in as the financing partner for this project with a total loan amount of $210 million. This will be divided into a senior loan of $157.5 million and a mezzanine loan of $52.5 million, bringing the estimated cost for development to approximately $313.2 million.
Plaza Construction has been selected as the general contractor for this project which will offer 282 luxury residential units for sale upon completion. The building will also feature an impressive array of amenities spanning over 45,000 square feet including a lounge area, spa facilities,
fitness center,
half-basketball court,
multi-media room,
kids’ room,
game room,
library
and co-working space.
Outdoor amenities such as pool access and dining areas complete with kitchen stations are also included along with sun deck seating options and fire pits perfect for lounging under starry skies.
