WEEHAWKEN, NJ-Some 30 years after acquiring the land, Hartz Mountain Industries is partnering with Roseland Property Co. to develop The Estuary, a new $200 million 589-unit rental residential complex at Lincoln Harbor here. Hartz Mountain has owned the waterfront property since 1981. The mixed-use site already is home to 1.8 million square feet in four office buildings, retail, restaurants, a marina and a public park.
“Hartz has owned this property for many years and has had major commercial success by leasing to companies that include UBS AG and the Sheraton Lincoln Harbor Hotel,” says Emanuel Stern, president and COO for Hartz Mountain Industries, in a statement. “Now, by partnering with Roseland Property, we can make Lincoln Harbor into a great place to stay, work or live.”
The residential project is named for the Hudson River, a tidal estuary whose influences are clearly visible at Lincoln Harbor. Ferry service stops at the site, which has its own station for the Hudson-Bergen Light Rail Transit System.
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