New Jersey Real Estate
Development of Our Pinnacle Downtown Communities
Mandalay on the Hudson is brought to you by Pinnacle Downtown and Centrum Properties, two talented developers with both regional and national portfolios and reputations for outstanding design and superb luxury. Now they have applied their experience to this beautiful piece of New Jersey real estate. If you're looking to move out of your apartment in Jersey City and purchase the finest Hudson County, NJ real estate available, why not trust the experts?
Pinnacle, which includes Pinnacle Communities, Pinnacle Custom, and Pinnacle Downtown, is among the East Coast's most respected real estate development and investment companies. In addition to the new Mandalay on the HudsonSM New Jersey condo complex, the award-winning company has built an enviable reputation in all facets of building industry and has crafted in excess of 3,000 luxury attached and detached homes. Pinnacle Downtown has already built an enviable track record in the urban marketplace, including other Hudson County real estate, and is currently developing Maxwell Place on the Hudson (a joint venture with Toll Brothers - maxwellplace.com) at the site of the Maxwell House Coffee Plant in Hoboken, Aurora over the Hudson in Cliffside Park, and The Siena at Montclair at the site of the former Hayne's Department Store.
Since 1980, Centrum Properties has built a reputation as one of the most respected and innovative real estate developers in the Chicago metropolitan area and beyond. Centrum has already built some of the region's most distinctive residential properties, such as The Montgomery, Domain, Churchill Row, River Village, CityFront Plaza, and No. Ten Lofts in Chicago alone. They've also created thousands of outstanding city homes around the nation, including Hollywood Beach, Miami, Tampa, Orlando, Sarasota, Boston, St. Louis, Kansas City, and San Francisco, enjoying a well-earned reputation for excellence which you can now observe in your very own luxury condominium.
Wafra is a successful investor in the North American real estate market and its Real Estate Division currently has over $550 million in equity under management, representing interests in real estate assets in the United States and Canada exceeding $1.5 billion. Wafra has teamed up with Pinnacle Downtown and Centrum Properties as an equity partner for this transaction.
Wafra seeks to invest between $75 million and $100 million of total capital in institutional-grade commercial properties each year. These properties include office, multi-family residential, industrial, retail, single family home developments, and hotels. The firm's investment target markets are gateway and secondary cities throughout North America. Typical transactions include core plus, value-add, re-development, and development. The size of Wafra's investments are usually between $5 million to $30 million in equity capital or mezzanine debt. Transactions are typically structured using reasonable market standards of leverage.
©2010 All rights reserved. Pinnacle Tower Urban Renewal LLC. Pursuant to N.J.A.C. 5:26-10.3, the purpose of this advertisement is to solicit non-binding reservations. The non-binding reservation is not a contract and may be cancelled by the prospective purchaser at any time without cause, and in the event of cancellation the prospective purchaser shall receive a full refund of the deposit from the developer. All features and amenities are subject to change without notice.