Infinity Apartments in Edgewater, N.J., Now 50 Percent Leased

Clal Insurance and Waterton Associates announced that Infinity Apartments, a new luxury apartment community in Edgewater, N.J., has reached the 50 percent leased mark.

By Jeffrey Steele, Contributing Writer

Edgewater, N.J.—Clal Insurance and Waterton Associates LLC announced that Infinity Apartments, a new luxury apartment community in Edgewater, N.J., has reached the 50 percent leased mark. In March, Clal Insurance acquired Infinity Apartments as a co-investment partner with Waterton Associates for $48 million. Leasing commenced in the second quarter.

The new construction, six-story, 100-unit rental community at 340 Old River Road in Edgewater features oversized one- and two bedroom apartment homes. Also included is a two-story parking garage and 5,600-square feet of commercial space. The apartments offer custom cabinetry, granite countertops, Bosch appliances and private balconies with sweeping Manhattan skyline views.

A state-of-the-art fitness center, steam room and sauna, business center, outdoor pet path, garden gazebos and resident lounge highlight the full suite of amenities. In addition to the amenity package, residents most appreciate the expansive closet and in-unit storage space and responsive service.

Convenient access to New Jersey Transit, midtown ferry system and the George Washington Bridge make possible quick and easy commutes to and from work.

The setting blends the serenity of Edgewater’s Old River Road district with close proximity to the upscale stores, dining and entertainment for which the Gold Coast is renowned. Because the community is steps from the Hudson River, residents are able to enjoy parks, walking trails, bicycle paths and dramatic New York City views, to mention a few of the convenient outdoor activities available.

“As New Jersey’s Gold Coast evolves into a luxury lifestyle destination, more and more New Yorkers and suburbanites are looking to the Hudson County waterfront than ever before,” says Jacqueline Urgo, president of The Marketing Directors. “The leasing activity at Infinity is a testament to the excitement that surrounds this new Edgewater community, and the momentum is only expected to increase as we head into the fall.”

Adds Tamir Kazaz, CEO of Clal US: “Infinity offers generous layouts and a phenomenal location at an attainable price point. The strength of leasing and immense interest in Infinity further proves that Edgewater is a place where more and more people want to live.”

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