Our firm acted as redevelopment counsel to the Bayonne Local Redevelopment Authority (the “BLRA”) in the sale of land and development rights on two blocks of property located on the Peninsula at Bayonne Harbor to Trammell Crow Residential, a nationally acclaimed and recognized developer.
The Peninsula is a decommissioned U.S. Army Military Ocean Terminal conveyed to the BLRA for redevelopment. The Alexan City View consists of two luxury residential rental buildings containing 544 units with stunning views of the New York City Skyline. The total costs of the project exceeded $176 million, including the cost of the land.
For more information on this project, please contact Joseph P. Baumann, Jr., Member, at (973) 622-1800.