Mid Atlantic Real Estate Journal — Owners, Developers & Managers — November 22 - December 5, 2013 — B
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O wners , D evelopers & M anagers To break ground on Phase I of Hudson Lights in Fort Lee Fort Lee mayor Mark Sokolich joins Tucker Development
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F
ORT LEE, NJ — Fort Lee Mayor Mark So- kolich and other Bor-
ough officials joined Tucker Development Corpora- tion , Ares Management and Kushner Real Estate Group ( “KRE Group ”) today to break ground on Phase I of Hudson Lights, a large-scale, one-million s/f, mixed-use redevelopment located at the entrance to the George Wash- ington Bridge in the heart of downtown Fort Lee, NJ. Hudson Lights’ first phase will total 517,000 s/f of com- mercial and residential space, comprising 143,000 s/f of retail space and 276 luxury apart- ments that will feature numer- ous amenities for residents, in- cluding a pool, lounge, fitness center, rooftop terrace and gardens. The development’s first phase will also include 864 parking stalls. During the groundbreaking ceremony, Tucker Develop- ment unveiled Hudson Lights’ lead tenant, iPic, which will build an eight-screen, 533- seat luxury movie theater and its award-winning dining concept, Tanzy, as part of the development’s first phase. Designed by leading archi- tecture and planning firm Ar- quitectonica , Hudson Lights is the western portion of a comprehensive redevelopment plan on a prime 16-acre site in Fort Lee. The development will front on Lemoine Ave., Main St., Park Ave. (formerly Martha Washington Way) and Bruce Reynolds Blvd. Fur- ther, two new roadways will be constructed as part of the redevelopment. Tucker Development is con- structing Hudson Lights with its development partner, KRE Group. Tishman Construc- tion Corporation is serving as the development’s general contractor. KRE Group will also assist with property man- agement for the development’s residential component upon completion. Robert K. Fut- terman & Associates is serving as the development’s retail leasing agent. Phase I of Hudson Lights is expected to create hundreds of New Jersey jobs while providing a significant boost to Fort Lee’s commercial and residential tax base. The new iPic theater will enable guests to enjoy movies in ultimate comfort and style with reclining chairs, pillows
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Breaking Ground on Phase 1 of Hudson Lights
and blankets. At the push of a button, guests can summon personal servers to deliver sig- nature dishes or handcrafted cocktails from iPic’s in-theater restaurant, Tanzy Express. The fully entitled second phase of Hudson Lights is
approved to include an ad- ditional 201 residential units, 50,000 s/f of retail space and parking, as well as a 175-room hotel. The zoning also affords the development the option for an office building of up to 430,000 s/f. n
Financial Incentives for Energy Efficiency
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