Developers go vertical on new phase of homes at Henley on Hudson at Port Imperial

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August 30, 2009

Developers go vertical on new phase of homes at Henley on Hudson at Port Imperial

Amid intermittent signs that the recession may be near an end and the housing recovery is underway, joint venture partners Lennar Urban and Roseland Property Company have broken ground on a new phase of homes at Henley on Hudson at Port Imperial, the collection of European-inspired residences located along the Hudson River in Weehawken, N.J. facing midtown Manhattan.

Foundations are poured and framing is underway on the new six-story building which is expected to be completed in August, 2010.

The new construction activity reflects the developers’ vast resources and commitment to staying the course which enable them to forge ahead while other sites lay quiet around the region. It also comes in response to an increase in demand at the community marked by a flurry of recent sales which signifies an apparent awakening of the dormant market.

“We’ve witnessed a noticeable uptick in sales activity recently and are delighted to come out of the ground with this new offering of homes,” notes Michael Skea, Director of Operations for Lennar Urban’s Northeast
Division. “We’ve had 54 closings to date which have translated to an active residential neighborhood fueled by social interaction and a strong sense of community.”

Henley on Hudson features 164 homes in all including classic multi-level brownstones, expansive condominium residences and luxurious penthouses featuring from 1,716 to 3,744 square feet of living space at prices ranging from $1.35 million to $2.6 million.

The four-story Brownstones were designed to represent the traditional urban multi-level architecture commonly seen in upscale Manhattan streetscapes. Homes feature-grand layouts with private entrances, two-car garages, private elevators and soaring living spaces.

For additional information on Henley on Hudson and to schedule an appointment to tour the three furnished brownstone and penthouse model homes, please call (201) 864-7788, or visit the community’s website at http://henleyonhudson.com. The community’s onsite Sales Center is located at 2 Henley Place and is open daily from 10 a.m. to 6 p.m.

HoH

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