42 — July 2025 — Owners, Developers & Managers — M id A tlantic Real Estate Journal
www.marej.com
O wners , D evelopers & M anagers
Brand-new waterfront community now leasing in one of New Jersey’s hottest transit hubs BNE Real Estate Group debuts The Pearl at Station Bay in South Amboy
OUTH AMBOY, NJ — BNE Real Estate Group , together with South Amboy city officials, cut the ribbon today on The Pearl at Station Bay, a striking new community of 205 thoughtfully designed rental residences set between the city’s NJ TRANSIT rail station and its commuter ferry terminal. The grand opening marks the start of leasing at a next-generation residential destination on the Raritan Bay. Located at 2000 Schindler Dr., The Pearl delivers 26,000+ s/f of elevated amenities and S
Shown from left: Anthony Conrad, South Amboy Councilman; Michael Gross, South Amboy Council president; Patricia Kanecke, South Amboy Chief of Police; Elliott Pines, BNE Real Estate Group; Fred Henry, Mayor of South Amboy; Jonathan Schwartz, BNE Real Estate Group; David Pantirer, BNE Real Estate Group; David Kales, South Amboy Business Administrator.
The Pearl at Station Bay
premium residences in a bou- tique, resort-style setting. The four-story property is the second phase of BNE’s Station Bay redevelopment,
a $500 million initiative that began with the debut of 291 residences in 2021 and is transforming 55 acres of South Amboy’s shoreline into a tran- sit-connected neighborhood. “For those of you who may have been here a few years ago, when you take a look at what was down here then and what is here now, it’s an incredible improvement,” said South Amboy Mayor Fred Henry . “This is obviously an incredible building and a welcoming place for all of the people who are coming into South Amboy, because this is a great community to live in.” “South Amboy has done a remarkable job revitalizing its waterfront and creating a well-connected neighbor- hood that extends into the city’s downtown,” said Jon- athan Schwartz , partner at BNE Real Estate Group. “We’re proud to be part of this ongoing story, from the success of Station Bay’s initial phase to The Pearl, which brings new choices for residents to enjoy this unique bayfront setting.” The Pearl builds on the momentum of Station Bay’s first phase, delivering even more of what residents love: sweeping views, seamless connectivity, and a robust amenity offering curated for modern living. South Amboy’s profile has only grown since then, buoyed by the launch of commuter ferry service steps from The Pearl. While fer- ries are currently operating from a temporary terminal, a permanent two-story facility with seating and a water- front restaurant is already under construction. With direct NJ TRANSIT service to Penn Station, ferry routes to key Manhattan destina- tions, and convenient high- way access, The Pearl offers a transit-rich lifestyle few communities in New Jersey can rival. MAREJ
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