Toll Brothers JV to Develop NJ Condo Community

Toll Brothers City Living, together with Daiwa House, are set to develop a 73-unit luxury condominium community in West New York, N.J. Toll Brothers will remain in charge of the day-to-day operations upon completion.

The Toll Brothers Finance Department secured an acquisition and construction loan from Bank OZK on behalf of the joint venture. 

Future homes at Vista Pointe will have one- to four-bedroom floorplans with sizes ranging from 988 to 2,235 square feet. The development will include 11,000 square feet of amenities, such as a 24-hour lobby, lounge with dining room, fitness center and children’s playroom, as well as an outdoor swimming pool, rooftop terrace and garden. 

The property, located at 8 Ave. at Port Imperial, is across the river from Midtown Manhattan. There are several restaurants and retail options within 1 mile of the site. The Lincoln Tunnel is less than 2 miles away, which will connect the community to downtown New York, some 7 miles south. 

This September, just 2 miles away from the future Vista Pointe, on the same bank of the Hudson, Hoboken Point came online. The 262-unit Class A community is Harz Mountain’s latest project, currently managed by Greystar.  

As of October, 122 properties were under construction in the Northern New Jersey market, according to Yardi Matrix data. There were also 151 planned developments and 325 are prospective projects in the area. According to an analysis by RentCafe, the northeastern market ranked in the top 20 most competitive rental markets in 2024.