Transformative Project Will Ultimately Bring 1,875 New Residences to the South Amboy Waterfront Alongside a New Commuter Ferry Terminal
BNE Real Estate Group and the City of South Amboy broke ground on Friday, July 24th, on the first of two phases of a highly anticipated redevelopment project along the South Amboy, NJ waterfront.
South Amboy Mayor Fred Henry and fellow municipal officials joined principals of BNE Real Estate Group to mark the start of construction of the first of two four-story buildings that will comprise over 500 luxury rental residences on Radford Ferry Road. They are the first of a multi-phase project dubbed the Manhattan Beach Club that will ultimately bring 1,875 new residences to an underutilized 55-acre property located between the South Amboy train station and the Raritan Bay.
The $500 million redevelopment effort will also include the construction of a long-awaited ferry terminal, making it the only state-designated transit village offering both rail and ferry service. Earlier this week, U.S. Rep. Frank Pallone, D-6th Dist., announced that the U.S. Department of Transportation will grant $5.3 million to South Amboy for the proposed 20,000 square-foot facility which will operate up to three ferries between the city’s Raritan Bay waterfront and downtown Manhattan. Located adjacent to The Manhattan Beach Club, the terminal will also include 700 parking spaces and a second story space ideal for a restaurant to take advantage of the views. City officials believe the ferry operation, which will accommodate hundreds of commuters to New York City, will also draw more visitors to South Amboy’s growing downtown district.
“Smart, well planned growth is a tremendous asset to our City,” said Mayor Henry. “The Manhattan Beach Club will transform vacant industrial land into a bayfront destination providing stable long-term revenue to benefit our residents, both new and old, for decades to come.”
BNE Real Estate Group expects to deliver this initial phase of 291 residences in Summer of 2022, according to Jonathan Schwartz, a partner at the Livingston, NJ-based development and management company.
“South Amboy’s current and previous administrations have done a remarkable job in revitalizing the city’s waterfront over the past two decades, delivering a mix of residential, commercial and recreational uses throughout the city,” said Mr. Schwartz. “We share their vision for unlocking the value of this critical waterfront asset and transforming it into a thriving, well-connected neighborhood that will also benefit downtown South Amboy.”
BNE’s residential buildings will introduce studio, one- and two-bedroom luxury rental residences with covered onsite parking walkable to the train, ferry, and downtown. Sophisticated finishes and appointments will include open-concept kitchens, plank flooring throughout, nine-foot ceilings, stainless-steel appliances with gas cooking, custom modular closets, and in-unit washers & dryers. Private outdoor space will be available in select residences.
A full complement of indoor and outdoor lifestyle amenities will foster a live-play atmosphere coveted by today’s residents. They will include a dramatic double-height lobby, multiple entertainment lounges, a co-working lounge complete with private offices and conference rooms, kids playroom, coffee café, commercial grade fitness center, dedicated yoga & spin rooms with virtual fitness programs, game lounge, golf simulator, movie theatre, and more. Residents will also enjoy an outdoor swimming pool with cabana seating, indoor and outdoor bars, barbecue grills, private and communal outdoor dining areas, firepits, lawn and garden lounge areas and outdoor TVs. Packages will be securely delivered to Amazon® package lockers. The pet-friendly community will also include a dog spa.
Located in suburban Middlesex county, where the mouth of the Raritan River empties into the Raritan Bay, South Amboy is a tight-knit community of about 9,000 residents. The city’s main commercial avenue, Broadway, is home to a variety of shops, restaurants, and family-owned businesses, as well as the South Amboy train station. The city is also home to Raritan Bay Waterfront Park, a 114-acre county park with athletic fields, walkways, a playground, a nature study area, gazebos, and a landmark pavilion with sweeping views of the bay.
Nautical-minded residents of Manhattan Beach Club will appreciate the selection of marinas nearby. NJ TRANSIT commuters will have a ride of about 50 minutes to New York Penn Station. For motorists, the entrances to the Garden State Parkway, Route 9 and Route 35 are all about a mile away.
BNE Real Estate Group has developed a variety of award-winning rental communities throughout the state in recent years. Among them is The Link at Aberdeen Station, a 227-unit transit village community located just a few miles from South Amboy, as well as successful multi-family projects in Jersey City, Bloomfield, Harrison, and Englewood.
For more information about BNE Real Estate Group, visit www.bnerealestategroup.com.
ABOUT BNE REAL ESTATE GROUP
With over 60 years of real estate development experience, BNE Real Estate Group is a national, family-owned organization that is firmly committed to creating exceptional living experiences for its residents. Its distinguished portfolio of properties includes the development of tens of thousands of homes, more than 1 million square feet of commercial space, and the ownership and ongoing management of nearly 8,000 apartments, with communities stretching from the Tri-state area south to Florida, and west to Texas and California.
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