Livingston-based Tuli Realty has purchased almost 500 apartments throughout NJ including the Golden Peak Portfolio from Dixon Advisory for $65 million.
Two towers will offer 156 units and 495 parking spaces.
Although most development in West New York over the past 10 years has taken place along the Hudson River, several new building proposals have been revealed recently for Hudson Avenue, just atop the Palisades.
At Nine on the Hudson, on track for a 2018 completion, future residents will find one-of-a-kind lifestyle amenities along with some of the best views of NYC.
With development abound in all its neighboring cities, the densely populated West New York is now seeing a slate of new projects breaking ground.
Luxury boutique condo building 6401 Park offers a five-year tax abatement and is already 50% sold.
A 97-unit building could be built in West New York across the street from the Bergenline Avenue Hudson-Bergen Light Rail.
The expansion will double the number of bicycles the program has available throughout Hudson County, adding 36 new stations for users to pick up a ride.
A developer plans to demolish a West New York building in order to bring 24 units to the community.
The Town of West New York sold the old Hudson Hall Community Center building for more than $2 million to a developer. Now, the new 35-unit development that has been created at the site could receive a five-year tax exemption.