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.