Luxury Waterfront Development 1800 Avenue at Port Imperial in Weehawken Enters Exciting New Chapter With Financing Secured and Construction Underway

WHK Waterfront Urban Renewal, LLC is pleased to announce that construction of its luxury waterfront development known as 1800 Avenue at Port Imperial in Weehawken, New Jersey, is currently underway and expected to be completed by Summer 2026. Benefit Street Partners — a leading, credit-focused alternative asset management firm for institutions and high-net-worth investors — is providing the project's financing, with an aggregate loan amount of $210.0MM, bifurcated between a Senior Loan of $157.5MM and a Mezzanine Loan of $52.5MM, bringing the total estimated development cost to $313.2MM.

Additionally, Plaza Construction – one of the nation's foremost construction management and general contracting firms in commercial, corporate, and residential properties – has just
confirmed their role on the project as General Contractor.

The 1800 Avenue project, designed by Handel Architects, will offer 282 luxury residential units for sale. The development will include 45,000 square feet of amenities such as a lounge, spa, fitness center, half-basketball court, multi-media room, kids' room, game room, library, and co- working space. Outdoor amenities will include a pool, dining and kitchen stations, a sun deck, a fire pit, and lounge seating.

This development highlights the transformative potential of this prime location and offers future residents a unique blend of luxury, convenience, and modernity. The surrounding neighborhood of Port Imperial boasts 2.5 miles of waterfront residential and commercial development on the Hudson River, directly across from Midtown Manhattan. "We are proud to partner with the team at WHK Waterfront Urban Renewal, LLC, and to collaborate with talented consulting professionals such as Handel Architects, DiSimone Consulting Engineering, and Thomas Polise Consulting Engineers. This collaboration reflects our shared commitment to excellence, and we are excited to be a part of this exclusive development along the Weehawken waterfront" says Thomas D' Ercole, Executive Vice President and Regional Director of Plaza Construction.

David Wei, CEO of WHK Waterfront Urban Renewal, LLC, adds, "We are thrilled to introduce 1800, a new bar setting building that boasts a unique design featuring floor-to-ceiling windows
with curved edges throughout. The all-glass facade not only offers stunning panoramic views of the New York City skyline but also creates a modern and sleek aesthetic that sets this building
apart from the rest. This project is poised to be a game-changer for not just the Township but also the Hudson Palisades and the Hudson Waterfront."

Leading luxury real estate firm Christie's International Real Estate Group is signed on as the exclusive selling and marketing agent for all of the property's units.