Who needs to live in Manhattan when they can gaze at the cityscape from their living room? At Riverside West at Port Imperial, a 344-unit property built, managed, and owned by Short Hills, N.J.-based Roseland Property Co., residents enjoy a stunning view of the Big Apple.
But renters get more than a skyline at Riverside West. They also get convenience—a nearby ferry stop offers them a seven-minute commute to midtown Manhattan—as well as the expected luxury apartment amenities, from an indoor basketball court to a fitness center with cardio theater. And renters responded. Shortly after its June 2004 opening, Riverside West was 96 percent leased, according to the company.
It represents a new use for the seven-acre parcel, which had been used as a railroad yard for 150 years. Roseland Property Co. remediated the site, just one piece of a $1.7 billion redevelopment of two miles of Hudson River waterfront. Eventually, plans for Port Imperial call for 6,500 housing units (both for-sale and for-rent) and 2 million square feet of commercial space.