www.marejournal.com O wners , D evelopers & M anagers F eaturing C ontractors /S ubcontractors Newly constructed complex garners $271,000+ per-unit pricing Gebroe-Hammer Associates arranges $29.328m sale of Meridia at Waters Edge in Rahway, NJ R AHWAY, NJ — Ge- broe-Hammer Asso- ciates has arranged M id A tlantic Real Estate Journal — Section B
has blended new downtown construction with the city’s established residential neigh- borhoods and acres of lake and river parklands. Today, the downtown district is home to more than 4,000 residents, approximately 60 percent of whom are renters.” Considered extremely liv- able due to its walkability, abundant amenities, stable housing stock and high gradu- ation rates, Rahway has al- ways been a strong commuter town. Just 20 miles from New York City, access to Manhat- tan is a 40-minute train ride. The Rahway Train Station also links to the Northeast Corridor and the Jersey Shore. Located at 4 City Hall Plaza, Meridia at Waters Edge fea- tures 108 luxury apartment- rental options, ranging from one- to two-bedroom layouts. Each apartment home fea- tures designer kitchens with authentic cherry-wood cabi- netry, granite countertops and breakfast bar; oak hardwood
floors; high ceilings; oversized windows; and spacious closets. The community is Energy-Star rated and includes energy-effi- cient lighting and LEED and Energy-Star rated appliances. First-class community ame- nities range from interior wa- terfalls and game and leisure spaces, a tenants-only fitness center, smart-card-operated laundry rooms, business cen- ter and lounges. A full range of concierge services also include wash-and-fold laundry, dry cleaning pick-up and delivery and residence cleaning. Ten- ant key fobs allow entry to the lobby, garage and apartment entrances and a camera sys- tem is smartphone accessible. Bordered by Clark, Linden andWoodbridge Twp., Rahway offers proximity to a network of local and interstate highways. The city is primarily served by U.S. Rte. 1/9 as well as Rte. 27. Interchanges for the Garden State Parkway and New Jer- sey Tpke./Rte. 95 are two miles outside of the city limits. n investors, and this assignment is a great example of our dex- terity,” Walsh said. “Pinnacle CM company, the construction management arm of The Pin- nacle Companies, will also be working with Avison Young on government relations and as the owner’s representative for furniture, fixtures and equipment. We’re thrilled to play a role in bringing to life a project that will surely become an iconic part of the landscape of Montclair.” The MC hotel is the second phase of the Montclair Center Gateway Redevelopment Plan, which was enacted in 2011 to encourage a sustainable mixed-use development at the western edge of Montclair’s downtown. The redevelopment plan also includes the Valley & Bloom mixed-use residential project developed by Montclair- based Pinnacle and LCOR. n
HI-LIGHTS June 24 - July 14, 2016 the $29.328 million trade of Meridia at Waters Edge, a newly constructed 108-unit luxury apartment-rental com- munity in the heart of Rah- way. The brokerage team of Ken Uranowitz , president, and Gehane Triarsi , sales representative, exclusively represented the seller, Me- ridia’s Water Edge Urban Renewal Rahway, LLC, and identified the buyer, 4 City Hall Plaza Urban Renewal, LLC. FEATURING C O N T R A C TO R S / SUBCONTRACTORS
Meridia at Waters Edge
Built in 2014, the five-story elevator building is located on the Rahway River. The apart- ment-rental community is steps from City Hall, Rahway Public Library, upscale shops, restaurants and cultural ven- ues as well as Rahway Station, which offers Midtown direct service to New York Penn Station.
“Rahway has established itself as one of New Jersey’s leading residential centers for urban sophisticates seeking affordability and a convenient metro lifestyle,” said Triar- si, the firm’s Union County market specialist. “Since be- ing designated as a transit village in 2002, Rahway’s smart-growth development
Partnership of The Pinnacle Cos., The Hampshire Cos. and Circle Squared Alternative Invs. Avison Young tapped to manage const. for new boutique hotel, ‘The MC’ in NJ
Langan Helps Finish Foundations For The East Rail Yards
MONTCLAIR, NJ — Avi- son Young announced that the company’s New Jersey-based Project Management Services group has been retained as construction manager and general contractor for The MC hotel, the first-of-its-kind, new, boutique hotel in Montclair in nearly 80 years. A joint-venture partnership of The Pinnacle Companies , The Hampshire Companies and Circle Squared Alter- native Investments recently commenced construction on the 120,000 s/f, 151-room hotel, which will rise at Bloomfield Ave. and Orange Rd. The eight-story boutique hotel will be part of Marriott International’s Autograph Col- lection and is expected to be completed in early 2018. It will include a farm-to-table restau- rant and a 12,000 s/f conference and event space. Plans also call
3B
ALSO INSIDE Big Sky Enterprises..........2B Green Buildings........17-20B USGBC.............................20B NJAA................................23B IREM......................... 24-IBCB
The MC hotel PC BOGZA
for a rooftop bar that offers panoramic views of Manhat- tan to the east and the Eagle Rock Reservation to the west. An outdoor public plaza con- nected to a three-story glass atriumwill create a year-round gathering place. The Avison Young team of Edward Walsh, P.E. , prin- cipal and managing direc-
tor of project management services; John Mercurio , vice-president of construction; and Christopher Bezzone , project manager, is overseeing the assignment. “At Avison Young, we’ve strategically built a Project Management Services group that can adeptly meet the varying needs of owners and
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