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New York & Tri-State  + Uptown/Bronx  + Apartments  | 

Silverback, Caerus Will Bring High-Rise to Emerging Uptown Neighborhood

Silverback Development has partnered with the Caerus Group to co-develop a $47-million multifamily residential high-rise in Upper Manhattan’s Hudson Heights neighborhood. The partnership expects to break ground by summer on a nine-story, 125,000-square-foot project at 212 Wadsworth Ave.

Silverback Managing Principal Josh Schuster noted that this will be “one of the first residential new construction projects in the emerging Hudson Heights neighborhood. We are excited to see commercial growth in the area as well, with projects like the upcoming opening of uptown’s largest food and beer hall—North End—only one block away from our site.”

With approximately 100 rental apartments, 212 Wadsworth will be one of the first projects in the neighborhood with a full suite of amenities. Caerus purchased the 15,000-square-foot site from Wadsworth Avenue Baptist Church in August 2015 for $8 million.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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