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Cliffside Park, NJ Condo Project Gets $72M Construction Financing

One Park, luxury condo project under construction in Cliffside Park, NJ One Park, luxury condo project under construction in Cliffside Park, NJ

CLIFFSIDE PARK, NJ—DMG Investments has closed a $71.6 million construction loan for One Park, the 204-unit luxury condominium building rising in Cliffside Park, NJ with panoramic views of the Manhattan skyline. The 14-story building topped out in August and is scheduled to be completed in fall 2018. The financing was secured by DMG with the assistance of Cooper-Horowitz through AIG.

“We’re delighted to receive this vote of confidence from a commercial lending institution that recognizes One Park’s unique qualities and widespread appeal to buyers both here and oversees,” said Jacky He, executive vice president of DMG Investments. “With a clifftop location that maximizes the building’s dramatic views, world-class design, inspiring amenities and proximity to Manhattan and the vibrant Hudson River waterfront, One Park offers a new perspective on Gold Coast living.”

Designed by architectural firm Architectura, with interiors curated by boutique design firm, VLDG, One Park has a glass curtain wall and private outdoor space for every home. The property offers one-, two-, three- and four-bedroom residences priced from $495,000, according to Hallstead Property Development Marketing, which is directing the sales effort.

One Park also includes more than 25,000 square feet of indoor and outdoor amenities, such as a 24-hour attended front desk, an Aquatic Center with an indoor 55-foot heated pool and adjoining outdoor sun deck, sauna and steam rooms, and a private furnished roof deck including dining terrace with grilling stations, fire pits and outdoor movie theater. There’s also a state-of-the-art fitness center with private Pilates room and squash court, a golf simulator, children’s playroom, a pet spa, guest suites and a secure parking garage with a fully-automated Unitronics system.

One Park’s Cliffside Park location is close to the George Washington Bridge, Lincoln Tunnel and New York Waterway ferry service to Manhattan.

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