Riverwalk, Elmwood Park’s First Luxury Multifamily Rental Community, Hits 65-Percent Leased Milestone
By Mel Fabrikant Friday, March 01, 2013, 11:15 AM EST
The community features a total of 158 luxury rental residences, as well as 17,000 square feet of ground-floor retail space that will cater to the needs of community residents. Move-ins are well under way at the first phase, which consists of 91 one- and two-bedroom apartments, priced from $1775.
Riverwalk residents have the opportunity to enjoy the complete lifestyle experience offered by the community’s various amenities, including a private river walk offering scenic views of the Passaic River, on-site parking and a fitness center.
“The overwhelming response from young professionals and empty-nesters is a testament to Riverwalk’s high-quality finishes, unrivaled lifestyle elements and reasonable prices,” said Jacqueline Urgo, president of The Marketing Directors, Riverwalk’s exclusive marketing and leasing agent. “We are delighted by the rate at which we’re leasing, and are excited to be breaking ground on the second phase in the spring.”
“We also just launched a ‘New Year New home’ limited time incentive where new residents receive one month free rent and up to $500 on select homes,” Urgo added. “We have seen a great response to the program as savvy renters take advantage of this great value.”
Riverwalk is distinguished by its architecture, which draws its inspiration from the historic architecture of properties located along the Passaic River, which the community overlooks, and by the high level of finishes offered. Kitchens are well appointed with Giallo Ornamental granite countertops, custom tile flooring, glass tile backsplashes and stainless steel appliances, and master bathrooms are highlighted by custom vanities with Calcatta gold marble tops.
In addition, each residence features nine-foot ceilings, wood flooring in the living areas and a full-sized washer and dryer.
“We were always confident that there would be tremendous demand for a luxury rental community in this part of Bergen County,” said Bernie Langan, managing member of Riverfront Residential. “As we hit the 65 percent leased milestone, it’s extremely rewarding to see our vision being realized. We look forward to continuing the fast-paced leasing that we’re experiencing in the first phase when we break ground on the second phase this spring.”
Another appeal of Riverwalk is its convenient location, which offers easy access to major highways and airports as well as to the area’s many attractions.
Situated along the river at 400 Riverfront Boulevard, Riverwalk is conveniently located near the Garden State Parkway and Routes 80, 46, 21 and 17. The community is located approximately 15 miles from New York City and close to a variety of shopping venues, restaurants, airports and sporting arenas, including Newark Liberty International Airport, Garden State Plaza and MetLife Stadium in the Meadowlands Sports Complex.
River Drive Construction, headquartered right in Elmwood Park, with an impeccable reputation and more than 20 years of commercial construction experience, oversaw all phases of construction. Atlanta-based Niles Bolton Associates served as the architect, with the custom interiors being designed by award-winning, O’Neil Langan Architects, based in Manhattan.