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First Niagara provides $15M financing for Bayonne development


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New York-based First Niagra Financial Group announced Wednesday it has provided $15 million in financing to John R. Cali for a large housing complex in Hudson County. The project is expected to be completed and ready to lease in September.

According to the announcement, John R. Cali, formerly of Mack-Cali Real Estate Corp., will use the funds for the construction of The Park at Bayonne, a 60-unit multifamily housing complex.

In addition to 60 studio, one-, two-, and three-bedroom units, the building will feature a rooftop patio and garden, a private penthouse clubhouse, and a fitness center. It also will provide private shuttle service for residents to public transportation into New York, First Niagra said in a statement.

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