Principals of Mack-Cali Realty Corporation and its subsidiary Roseland joined West New York Mayor Felix Roque and other municipal officials Oct. 25 to celebrate the opening of RiverTrace at Port Imperial, a new 316-unit luxury rental community that’s part of the waterfront development stretching down to Weehawken.
Developed by Roseland and financed by UBS, the $120 million building features a collection of rental units and a coveted waterfront setting offering panoramic views of the Manhattan skyline. RiverTrace also includes Feng Shui elements and has been built in accordance with the U.S. Green Building Council’s (UGBC) standards for LEED® certification.
“This building is emblematic of our collective commitment to the waterfront, to Port Imperial and West New York, as we continue the progress that has been made over the years in developing this magnificent stretch of the New Jersey shoreline,” said Mitchell E. Hersh, president and chief executive officer of Mack-Cali. “We look forward to continuing to work with Mayor Roque and his planning board as we build out further developments, meeting the high standards that RiverTrace represents to the community and our Company. Collectively, I assure you that Mack-Cali and Roseland will continue to strive to be a good long-term partner to the community, with the goal of committing to smart development that attracts new residents and creates vitality.”
Mayor Roque also praised RiverTrace, stating the new building and other luxury buildings on the Hudson River waterfront play a vital role in the post-industrial economy of West New York.
”To me this is fantastic, because it means our town is growing,” Roque said. “As you all know, West New York and Union City used to be known as the embroidery capital of the world. And guess what, now we rely on beautiful buildings like this one to make sure we keep our taxes stable. So I welcome more construction because you are helping the taxpayers. You have my backing and the Town of West New York is looking up to you.”
The residences at RiverTrace boast well laid-out open floor plans. Upscale finishes and appointments include oversized windows, bamboo floors, granite countertops and stainless steel appliances in the kitchens, porcelain tile floors and marble vanities in the bathrooms, and individual climate control. Monthly rents range from $1,955 to $5,400 for studios, one-, two- and three-bedroom residences.
Residents will also enjoy a resort-like amenity offering including a dramatic two-story lobby with custom millwork, marble floors and a water feature; 24-hour concierge, club room, billiard room, package room, cold storage, state-of-the-art fitness center, yoga room, movie theater, children’s play room, and a golf simulator. An expansive, landscaped outdoor deck overlooking the Hudson River and Manhattan skyline features a pool and hot tub spa, cabanas, day beds, fireplace, barbecue grills, and a water feature.
Designed to achieve LEED® for New Construction Silver certification from the U.S. Green Building Council, RiverTrace comprises a number of important “Green” features, including an upgraded exterior wall thermal insulation system from Sustainable Solutions Corporation, ENERGY STAR appliances, low-VOC paints, and materials with recycled content. Roseland also worked with internationally recognized Feng Shui expert Alex Stark, to holistically incorporate Feng Shui principles into the development of the building.
RiverTrace is the latest addition to Port Imperial, the $2 billion, 200-acre master-planned waterfront development that features upscale residences and retail, world-class views of the Manhattan skyline and an intermodal transportation system offering commuter Ferry service to Manhattan and Light Rail service along the Gold Coast.
For more information on RiverTrace, visit www.rivertracepi.com.
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