WHK Waterfront Urban Renewal is pleased to announce that construction of its luxury waterfront development known as 1800 Avenue at Port Imperial in Weehawken, New Jersey, is currently underway and expected to be completed by Summer 2026.
Benefit Street Partners — a leading, credit-focused alternative asset management firm for institutions and high-net-worth investors — is providing the project’s financing, with an aggregate loan amount of $210.0MM, bifurcated between a Senior Loan of $157.5MM and a Mezzanine Loan of $52.5MM, bringing the total estimated development cost to $313.2MM.
Additionally, Plaza Construction – one of the nation’s foremost construction management and general contracting firms in commercial, corporate, and residential properties – has just confirmed their role on the project as General Contractor.
The 1800 Avenue project, designed by Handel Architects, will offer 282 luxury residential units for sale. The development will include 45,000 square feet of amenities such as a lounge, spa, fitness center, half-basketball court, multi-media room, kids’ room, game room, library, and co-working space. Outdoor amenities will include a pool, dining and kitchen stations, a sun deck, a fire pit, and lounge seating.
This development highlights the transformative potential of this prime location and offers future residents a unique blend of luxury, convenience, and modernity. The surrounding neighborhood of Port Imperial boasts 2.5 miles of waterfront residential and commercial development on the Hudson River, directly across from Midtown Manhattan.
“We are proud to partner with the team at WHK Waterfront Urban Renewal, LLC, and to collaborate with talented consulting professionals such as Handel Architects, DiSimone Consulting Engineering, and Thomas Polise Consulting Engineers. This collaboration reflects our shared commitment to excellence, and we are excited to be a part of this exclusive development along the Weehawken waterfront,” says Thomas D’Ercole, Executive Vice President and Regional Director of Plaza Construction.
David Wei, CEO of WHK Waterfront Urban Renewal, LLC, adds, “We are thrilled to introduce 1800, a new bar setting building that boasts a unique design featuring floor-to-ceiling windows with curved edges throughout. The all-glass facade not only offers stunning panoramic views of the New York City skyline but also creates a modern and sleek aesthetic that sets this building apart from the rest. This project is poised to be a game-changer for not just the Township but also the Hudson Palisades and the Hudson Waterfront.”
Leading luxury real estate firm Christie’s International Real Estate Group is signed on as the exclusive selling and marketing agent for all of the property’s units. For more information, please contact Jessica Williams, Realtor-Associate, Christie’s International Real Estate Group, tel. (518)-578-1104, info@1800weehawken.com.
About Plaza Construction
Plaza Construction is one of the nation’s foremost construction management and general contracting firms. Since the company was formed in 1986, it has become a multi-faceted firm with national presence in the industry with headquarters in New York, and regional offices in Los Angeles, San Jose, New Jersey, and Washington DC.
Plaza’s roots are based in construction, real estate, investment, and development management. Its experience includes work across various industries and its uniqueness comes from understanding what it is to be the owner, the developer and the builder – a trifecta that is evident in Plaza’s core portfolio of prestigious hospitality, commercial, corporate, and residential properties.
As an industry leader in sustainability, Plaza has executed over $4 billion of LEED certified projects. At the forefront of the ever-changing construction industry, Plaza is constantly exploring and developing new technologies and methods. Innovation and creativity enables Plaza to translate a client’s concept into reality, while keeping a solid focus on the task at hand.
For more about Plaza Construction, visit https://www.plazaconstruction.com/.
About Benefit Street Partners
BSP-Alcentra is a leading global alternative credit asset manager offering clients investment solutions across a broad range of complementary credit strategies, including direct lending, special situations, structured credit, high yield bonds, leveraged loans and commercial real estate debt. As of December 31, 2023, BSP-Alcentra has $76 billion of assets under management, with over 400 employees operating across North America, Europe and Asia Pacific. BSP is a wholly owned subsidiary of Franklin Templeton. For further information, please visit www.benefitstreetpartners.com.
About WHK Waterfront Urban Renewal, LLC
WHK Waterfront Urban Renewal, LLC is a premier real estate development and management firm specializing in innovative residential, commercial and mixed-use projects. With a commitment to excellence and sustainability, the WHK Development team looks to transform communities through high-quality developments that enhance urban living and support economic growth. Dedicated to quality, creativity and customer satisfaction, the company prides itself on its collaborative approach, working closely with all stakeholders to ensure that each project reflects the unique character and needs of the community.
