Developed by Hartz Mountain Industries and The Maxal Group, the luxury apartment complex offers convenience to both New York City and the Hudson River Waterfront Walkway.
Formerly serving as an office building and pier that provided warehousing and transshipment, the redeveloped Harbor 1500 property extends 765 feet into the Hudson River and offers approximately 30,000 square feet of amenity space including a sky pool, spa, BBQ with bar seating, sunset lounge, fitness center, indoor and outdoor yoga studios, cinema screening room, children’s playroom, as well as rooftop decks showcasing views of the New York City skyline and George Washington Bridge.
“Having developed over 1,500 residential units over our history, we’re committed to providing residents with well-located, luxury rental communities that offer shorter commutes and a wealth of amenities,” said Gus Milano, president and chief operating officer of Hartz Mountain Industries. “We are excited to have closed on this financing with M&T Bank and The Maxal Group, which brings us another step closer to fulfilling that commitment.”
The Harbor 1500 project marks an additional phase of Hartz Mountain Industries’ Lincoln Harbor Complex, which features a recently constructed Whole Foods Market, residential and office space as well as retail, hospitality, and service businesses.
“M&T is proud to support the growth of Harbor 1500 and Lincoln Harbor Complex,” said Anthony Filorimo, vice president at M&T Bank. “Not only does the new complex developed by Hartz and The Maxal Group provide modern, luxury housing at a more attainable price for New Jersey residents, it offers convenience and accessibility to the New York metropolitan area’s major employment centers.”
“With an additional 1,200 units in development on the Hudson River in New Jersey, we’re focused on developing high-profile real estate properties that have potential to provide an unparalleled level of luxury living,” said Bruce Sturman, managing director of The Maxal Group.