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Roseland set for first groundbreaking since its acquisition

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Mack-Cali’s Roseland subsidiary will break ground Wednesday on a 280-unit luxury rental building in Weehawken.

And while Roseland is no stranger to residential development in Weehawken, the groundbreaking is notable — it’s the first residential project for Roseland since Mack-Cali acquired it last fall in a deal that has made residential development a significant part of the company’s strategy going forward.

 

See also: Mack-Cali CEO calls Roseland acquisition ‘a new paradigm for me’

 

The new building, RiverParc, is the newest addition to the Port Imperial mixed-use master planned development, which spans more than two-and-a-half miles of waterfront property opposite midtown Manhattan.

The 10-story, $100 million RiverParc will be a collection of studio, one-, two- and three-bedroom floor plans ranging from 498 square feet to 1,405 square feet. The building will have a fitness center, golf simulator, indoor heated pool, outdoor terrace with hot tub and fire pit, children’s play room, theater, conference, and game and billiards rooms. The enclosed parking garage will have 320 parking spaces.

Roseland will oversee the leasing and management at RiverParc.

Beth Fitzgerald

Beth Fitzgerald

Beth Fitzgerald reports on health care, small business and higher education. She joined NJBIZ in 2008 after a 34-year career at the Star-Ledger and has been reporting on business in New Jersey since 1978. Her email is beth@njbiz.com and she is @bethfitzgerald8 on Twitter.

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