Mixed-Use Waterfront Development Includes 100,000-Square-Foot Retail Component
EDGEWATER, N.J., June 10, 2014 – Marking a major milestone for Levin Management on New Jersey’s Gold Coast, the 100,000-square-foot retail component of Edgewater Harbor, a premier mixed-use waterfront redevelopment on River Road in Edgewater, N.J., is now fully leased and open for business. Levin serves as exclusive retail marketing and leasing agent for the property.
A project of National RE/sources, Edgewater Harbor sits on the 21-acre former Unilever R&D campus, providing Hudson River views and a coveted Gold Coast address. The property’s retail component is comprised of ground-level retail space along the project’s Main Street, as well as free-standing pads. Phase I of the lifestyle community also includes 495 high-end loft and apartment residences, a 1,900-foot river walk along the Hudson and the borough’s new municipal building. Phase II of the project is now under way and includes up to 7,500 square feet of restaurant space, two pad sites and a hotel.
Edgewater Harbor quickly has transformed the Hudson River shoreline into one of the area’s leading shopping and dining destinations, according to Jake Frantzman, Levin’s senior leasing representative. “From a tenant’s perspective, Edgewater Harbor’s demographics, aesthetics, visibility and access combined to create a perfect leasing scenario,” he said. “Ultimately, we were able to attract a diverse tenant mix that supports the mixed-use community while establishing a retail environment where consumers from throughout the region will want to shop.”
A Premier Gold Coast Destination
Edgewater Harbor’s retail component serves a population of more than 2.1 million people within a five-mile radius. Some 896,000 households within that same radius boast an average income exceeding $107,000. The daily traffic count exceeds 43,000 vehicles. The property’s location, equidistant from the George Washington Bridge and Lincoln Tunnel, makes it easily accessible to shoppers from both New Jersey and Manhattan.
Anchored by a 24,000-square-foot HomeGoods, Levin’s leasing transactions to date at Edgewater Harbor include CVS/pharmacy, Haven Riverfront Restaurant & Bar, Moe’s Southwest Grill, Beach Bum Tanning, Great Clips, Floris Nails & Spa, Flowers by Lili, European Wax Center, Sotheby’s Real Estate, Five Guys Burgers and Fries, Pampered Pregnancy Boutique, Edgewater Eyecare, Dunkin Donuts and Touch of Elegance.
Levin is one of the nation’s leading retail real estate services firms, with a strong focus in the northeastern United States and an owner’s approach to the business. The firm’s portfolio and internal resources have grown consistently over the years, responding to a variety of retail and economic climates. Today, Levin offers a full range of services for a diverse portfolio that encompasses approximately 95 properties and more than 13 million square feet. These services include leasing, property management, accounting, construction management and marketing. Levin specializes in repositioning, retenanting and renovating retail properties – areas that have become particularly vital for today’s institutional and individual property owners.
With headquarters in North Plainfield, N.J., Levin serves properties ranging from neighborhood, community, lifestyle and power centers, to enclosed malls, street retail, downtown stores and mixed-use projects in New Jersey, New York, Pennsylvania, Massachusetts, Virginia and North Carolina. In business for six decades, the company taps into its associated, expansive tenant roster to conduct Retail Sentiment Surveys three times each year that provide insight on industry trends and sales performance.
Levin has earned a long list of coveted awards over the years. Since 2011 alone, the firm was ranked 30th among Top US Real Estate Companies and named three times among the nation’s top property managers by Commercial Property Executive magazine, placed among the nation’s top 10 redevelopers by Chain Store Age, credited as one of the state’s top 10 real estate developers by New Jersey Business magazine, and ranked third on NJBIZ’s Top Property Management Companies list and fifth on NJBIZ’s Top Commercial Real Estate Developers list.