36A — April 27 - May 10, 2012 — Mid Atlantic Real Estate Journal

www.marejournal.com O wners , D evelopers & M anagers For development of The Modern residences Fort Lee Redev. Associates secures site plan approval

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ort Lee, NJ — Fort Lee Redevelopment As- sociates (FLRA), a part-

offer spectacular views of the Hudson River, New York City skyline, George Washington Bridge and the surrounding landscape. Construction is expected to commence in the summer of 2012. “We are creating an icon that will forge a strong identity for Fort Lee as a destination for luxury living. The Modern will offer majestic views and excep- tional amenities, features and services,” said Allen Goldman, President of SJP Residential Properties andManagingMem- ber of FLRA.  “Furthermore,” Goldman said, “this new community has been designed to incorporate energy efficient systems that will afford residents the best in sustainable luxury living.” The towers, situated on a nearly eight-acre site, are to be located at 100 and 800 Park Avenue (formerly known as Martha Washington Way), im- mediately south of the entrance to the George Washington Bridge.  Total investment in the project is $500 million.  The Modern will feature an unprecedented 70,000 square feet of indoor and outdoor resort-style amenities in each tower for the enjoyment of its residents.  The amenities areas will feature a spacious, state-of-the-art fitness centers and separate yoga and Pilates studios. A Spa in each tower will include a community sauna and offer massage services.  Each of The Modern’s 900 residences will feature open floor plans and high ceilings highlighted by floor-to-ceil- ing glass windows that offer breathtaking views. Luxury appointments include oak hard- wood floors, walk-in closets, and beautiful stone bath and powder rooms. Open kitchens are designed with beauty and functionality in mind. Washers and dryers will be included in every home.  Energy efficient heating and cooling systems with remote thermostat con- trols will be standard in each residence. The Modern’s residences will be available for occupancy beginning in the summer of 2014. The Modern is part of a larger mixed-use redevelopment of a 16-acre site adjacent to the George Washington Bridge that will contain 165,000 s/f of retail in an adjoining development parcel to the west of FLRA’s site. n

nership of real estate developer SJP Residential Properties, Bergen County attorney James Demetrakis and real estate investment firm Palisades Fi- nancial, has secured site plan approval to develop The Mod- ern, a residential development highlighted by two 47-story towers that will rise in the cen- ter of Fort Lee. The Modern’s all glass towers will each contain 450 luxury rental apartments featuring a mix of studios, one-, two-, and three-bedroom residences that

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The Modern

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