HOBOKEN, NJ-The locally based REMI Cos. is set to develop another residential condominium project in its own hometown, GlobeSt.com has learned. Construction is set to begin on Velocity, a two-building, 128-unit luxury complex in this Hudson River waterfront city’s west side. REMI is also launching the pre-sale effort for the complex.

The two buildings are slated for occupancy in the summer of 2005, according to Erik A. Kaiser, founder and principal of REMI Cos. The Velocity will consist of 28 one-bedroom units, 92 two-bedroom units and eight three-bedroom residences. Amenities will include an on-site fitness facility and a 25,000-sf courtyard between the two residential buildings.

REMI is no stranger to this city. Besides being based here, the company has developed a number of residential communities here. The cost of building the company’s latest project has not been disclosed.

Founded 10 years ago by Kaiser, REMI Cos. consists of several real estate investment, development and management companies. Under its umbrella are REMI Residential, REMI Commercial, REMI Capital, REMI Construction and NuTech Title. The company maintains an active presence in the New York metro area, as well as in Miami.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.