Projects

One Park

The new luxury condominium high rise at One Park in Cliffside Park, New Jersey, sits 250 feet above the Hudson River on top of the Palisades cliffs and features unobstructed panoramic views of the Hudson River and Manhattan skyline. The building has a total of 204 units with 200 of them offering one to four bedrooms between 752 and 1,600 square feet, and four duplex penthouses offering three to four bedrooms between 2,000 and 2,983 square feet. The 14-story mid-century modern architecture and dynamic glass balconies provide an unparalleled experience inside and out.

INTERIOR DESIGN
Interiors have been carefully curated and boast spacious kitchens with chef-caliber appliances and the finest fixtures. Bedroom suites have floor-to-ceiling windows and spa-inspired bathrooms featuring a freestanding sculpted tub, large open shower, porcelain flooring, and richly-toned wall tiles. Every residence has a wiring infrastructure for cutting-edge entertainment and communications technology, and multi-zone climate control. Key building features include an air filtration system throughout, backup generator, condensing boiler for instant access heat and hot water, and electric car charging stations.

AMENITIES
There are over 25,000 square-feet of outdoor and indoor amenities including an aquatic center, fitness center, golf simulator, children’s playroom, pet spa with washing stations, and guest suites. The roof is furnished and includes a dining terrace with grilling stations, fire pits, seating areas, and outdoor movie theater. The fitness center has a private Pilates room and squash court. The aquatic center features a 55-foot heated pool with sauna and steam rooms and an adjoining outdoor sundeck. There is also a lounge with full catering kitchen, a well-appointed dining room, an ultramodern media room, secure bike storage, and a 24-hour doorman.

One Park also has a unique parking system—a vending machine for cars. The 326-space Unitronics Parking system allows residents to independently pull into a port that is a few steps from the front door. After leaving the port, and taking the car key, the resident enters their information into a kiosk and the system will park the car in its fully-protected parking structure.

LOCATION
Close to Manhattan, One Park is a convenient commute to the city via ferry, train, and bus. And, there is plenty to do locally with the many stores, restaurants, playgrounds, and parks in the area.

SPONSOR DETAILS
The project sponsor, DMG Investments, is the U.S. subsidiary of the Chinese firm DoThink Holding Group, a residential property developer and full-service real estate firm with a portfolio spanning 100 million square feet across more than 60 projects in China.

The One Park project is expected to benefit from the market momentum in the affordable New Jersey Gold Coast, which is luring tenants and buyers from Manhattan’s pricey market.

PROJECT DETAILS

Project Type:
Multi-family residential
Project Sponsor:
DMG Investments
Construction Start Date:
November 2015
Construction End Date:
Q2 2019*
EB-5 Capital Amount:
$49,500,000
Capital Structure:
Mezzanine loan
Number of Investors:
99
Job Creation:
1,525*
I-526 Approval Status:
Approved
I-924 Approval Status:
Approved

*Estimated.