With their ceremonial shovels in hand, Roseland Property partners and local officials stood on the waterfront lot slated to become West New York’s newest residential building on Nov. 9. It will be part of the two-mile-long Port Imperial development that stretches down to Weehawken on the waterfront.
The $120 million luxury project will provide prospective residents with 316 rental units. It marks Roseland’s second Port Imperial groundbreaking in only two weeks, after that of Weehawken’s addition to Henley on Hudson down the street.
The new building, RiverTrace, will offer studio, one-, two-, and three-bedroom apartments featuring oversized windows to take in views of the Manhattan skyline.
“We finally have partners who understand the importance of job creation and economic development.” –Carl Goldberg
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RiverTrace will join the 200-acre, $2 billion Port Imperial neighborhood.
Future residents won’t have to travel far for many of their daily living needs, as the community boasts many retail businesses and restaurants, an intermodal transportation system, and close proximity to the Manhattan-bound ferry and the Light Rail Station.
Officials have high hopes for RiverTrace
Roseland Property Partner Carl Goldberg remarked Wednesday that the new complex will benefit the entire community of West New York with subsequent tax stabilization and possible reduction.
RiverTrace will provide people with places to live, work, and shop and encourage long-term residency in the city, he said.
Goldberg added that its construction will provide around 400 new jobs.
And it’s all because of West New York’s new administration, he said. “We finally have partners who understand the importance of job creation and economic development,” he said.
Superintendent of Schools John Fauta and West New York Chief of Police Michael Indri also attended the groundbreaking.
Indri stated that the new property is going to be “terrific for the town,” and that he is pleased to be working with a progressive new administration that has the best interest of the community in mind.
Mayor Felix Roque was optimistic about what RiverTrace will bring to the community. “Our number one goal is to make sure our community prospers,” he said, “and I am happy and proud to be mayor during the creation of this wonderful place.”
He added that he is willing to do anything he can to carry on former West New York Mayor Albio Sires’ vision of a prospering community.