ELMWOOD PARK, NJ - River Drive Construction, a leading New Jersey construction company based in Elmwood Park, N.J., has announced that it has broken ground on the second phase of Riverwalk, Elmwood Park’s first luxury multifamily rental community. Wells Fargo financed the project, which will cost $8.5 million.
The second phase of Riverwalk, which is expected to be complete by the end of the year, will entail the construction of 51 apartments and 17,000 square feet of ground-floor retail space. Construction of phase one included 107 apartments, and was completed in the summer of 2012.
Riverfront Residential is currently seeking tenants for the 17,000 square feet of ground floor retail space, which is divisible. For more information, email jlangan@riverdrive.com.
About River Drive Construction
River Drive Construction, based in Elmwood Park, N.J., was established in 1989 and provides construction and consulting services to developers, management companies, end users and major corporations in New Jersey, southern New York and Pennsylvania under the direction of Joseph Langan. Since its founding, River Drive has completed hundreds of projects in the corporate interiors, science and technology, hospitality, institutional, healthcare and retail sectors, as well as performing general construction and ground-up projects. With roots as both owners/developers and consulting engineers, the firm has always provided its clients with a level of service beyond that of most general contractors and construction managers. For more information, please visit their website at www.riverdrive.com
About Riverwalk
Riverwalk is one of Bergen County’s newest, and Elmwood Park, N.J.’s first, multifamily luxury residential community, featuring one- and two-bedroom apartments that offer convenience, luxury and value. Situated along the river at 400 Riverfront Boulevard, Riverwalk is conveniently located near the Garden State Parkway and Routes 80, 46, 21 and 17. The community is located approximately 15 miles from New York City and close to a variety of shopping venues, restaurants, airports, and sporting arenas, including Newark Liberty International Airport, Garden State Plaza and MetLife Stadium in the Meadowlands Sports Complex. For more information visit www.riverwalknj.com