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Parkview Financial has provided a $61 million loan to Chinese developer Hongkun USA to fund the predevelopment and entitlement process for a luxury, mixed-use project along New Jersey’s Gold Coast. Hongkun is developing a 282-unit property on the last developable parcel within the Port Imperial community, a $3 billion mixed-use, master-planned waterfront project that stretches two-and-a-half miles along the Hudson River and includes two Marriott-branded hotels. The Beijing-based developer paid nearly $75 million to acquire two sites within Port Imperial to build 1800 Avenue (rendering top) located on a 3.65-acre site at 1400 and 1900 Avenue at Port Imperial. The project has been approved to include an eight-story, 496,000 s/f luxury mixed-use condominium building containing 282 residential condominium units, 4,601 s/f of ground floor retail space, and a 346-space structured parking garage.

New yorkUnited statesHudson riverPaul rahimianAlexander shing cottonwood groupParkview financialHongkun united statesNew jerseyPort imperialAlexander shingCottonwood groupAvenue collectionபுதியது யார்க்ஒன்றுபட்டது மாநிலங்களில்ஹட்சன் நதிஅலெக்சாண்டர் ஷிங் காட்டன்வுட் குழு