Fort Lee, NJSize
JV Equity Raise
BlueGate Partners, LLC was retained on an exclusive basis to arrange $73 million in JV Equity for Twenty50 Central, in Fort Lee, NJ. This proposed building was a 194-unit Class A multifamily property located at the foot of the George Washington Bridge, and would possess exceptional access to New York City. Planned to be completed in 2013, the 9-story mid-rise property would feature one and two bedroom luxury apartments above three stories of structured parking which is capable of holding 294 vehicles. Twenty50 Central would include numerous amenities such as a heated pool, balconies or terraces in select units and apartment amenities commensurate with the newest Class A multifamily offerings in Manhattan. Offering direct access to major local and interstate highways, residents reside at the gateway to New York City, while possessing access to all of Northern New Jersey’s employment centers.