(To read more on the multifamily market, click here.)
WEEHAWKEN, NJ-Construction has started for Henley-on-Hudson, a158-unit residential community on this city's Hudson Riverwaterfront. The project is being developed by a joint venture ofthe Miami-based Lennar Corp., through its urban division, and theShort Hills-based Roseland Property Co.
Henley-on-Hudson is within Port Imperial, a mixed-use communitythat stretches along two miles of waterfront facing MidtownManhattan. Roseland is the master developer of Port Imperial. Andas reported by GlobeSt.com, Lennar bought into Port Imperial aspart of its acquisition, early in 2006, of a 50% share in almost3,000 housing units in Roseland's portfolio.
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