NJ Condo Wins $102M Construction Loan

Weehawken, N.J.—California-based developer Landsea has obtained a $102.3 million construction loan for its 184-unit condominium project on the Weehawken, N.J., waterfront. The property, which includes 6,000 square feet of ground-floor retail space, is under way now, with first occupancy scheduled for 1Q 2018. IBI Group designed the multi-tiered, stepped-back property—resulting in 10- and11-story structures—to maximize the building’s waterfront location and views of Midtown Manhattan and the Hudson River. IBI, a global architectural firm, also designed the Port Imperial Ferry Terminal next door to Avora.

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