4901 Bergenline

Location:

New Jersey

Completion:

Project Type:

Mixed-Use Developments

Size:

12,200 Sqft

The proposed Bergenline Station Apartments at 4901 Bergenline Avenue in West New York herald a significant transformation for the area, transitioning from a one-story commercial building to potentially the tallest structure in the vicinity. Situated directly across from the Bergenline Avenue station, this mixed-use development promises to redefine the urban landscape, offering residential, commercial, and transportation convenience in one dynamic location.

Background

For decades, the property at 4901 Bergenline Avenue has housed various commercial establishments, serving as a focal point for local commerce. With plans for redevelopment spearheaded by Secaucus-based National Realty Investment Advisors (NRIA), the site is poised to undergo a dramatic metamorphosis into a modern mixed-use complex. The proposed development includes 97 apartments, retail and commercial space, and underground parking, catering to the diverse needs of the community.

Objectives

Introduce a mixed-use development to enhance the urban fabric of West New York.
Provide high-quality residential units with convenient access to transportation and amenities.
Foster economic growth and revitalization in the area through commercial and retail spaces
Utilize EB-5 capital alongside traditional financing to fund the project's construction and development./li>

Approach

The approach to the Bergenline Station Apartments project involves careful planning and collaboration to maximize the site's potential. Leveraging its strategic location near the Bergenline Avenue station and close proximity to neighboring towns, the development aims to attract residents and businesses alike. By combining residential units with retail and commercial space, the project seeks to create a vibrant and self-sustaining community hub.

Solutions

Construction of a mixed-use development featuring 97 apartments and 12,200 square feet of retail and commercial space.
Utilization of EB-5 capital and construction loans to finance the project, demonstrating innovative funding strategies.
Inclusion of underground parking to alleviate parking concerns and enhance convenience for residents and visitors.
Securing letters of intent from prominent retailers like T-Mobile and PSE&G to anchor the retail component and stimulate local commerce.
Integration of sustainable design principles to enhance energy efficiency and reduce environmental impact.
Collaboration with local stakeholders and authorities to ensure compliance with zoning regulations and community needs.

Results

The completion of the Bergenline Station Apartments promises to usher in a new era of urban living and economic vitality in West New York. By repurposing a longstanding commercial site into a modern mixed-use complex, the project revitalizes the area, creating opportunities for residents, businesses, and visitors alike. With its blend of residential, retail, and transportation amenities, the development exemplifies the potential for strategic redevelopment to drive positive change and growth in urban communities.