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Benefit Street Partners Provides $210M Loan on Port Imperial Luxury Condos
WHK Waterfront Urban Renewal, LLC launched construction on its luxury waterfront development known as 1800 Avenue at Port Imperial in Weehawken, NJ. Completion of the residential condominium project is expected by summer 2026.
Benefit Street Partners is providing the project’s financing, with an aggregate loan amount of $210 million, bifurcated between a senior loan of $157.5 million and a mezzanine loan of $52.5 million, bringing the total estimated development cost to $313.2 million. Plaza Construction has signed on as general contractor.
Designed by Handel Architects, the 1800 Avenue project will offer 282 luxury residential units for sale. The development will include 45,000 square feet of amenities such as a lounge, spa, fitness center, half-basketball court, multi-media room, kids’ room, game room, library, and co-working space. Outdoor amenities will include a pool, dining and kitchen stations, a sun deck, a fire pit and lounge seating.
- ◦Development
- ◦Financing

