“River Ridge”

NRIA is thrilled to announce yet another institutional quality asset added to our NRIA Partners Portfolio Fund I: The River Ridge. The property is now moving forward as we submit development designs, plans, building, entitlement, and zoning applications...

This new building is a high-end rental building in a Prime Bergen County location, neighboring Hudson County, alongside the state’s Gold Coast. At this early stage, we’re enacting the due diligence phase of pre-development. We’ve completed Environmental Phase II Fieldwork. We’re awaiting lab results to analyze any potential findings we will need to know before we push forward with pre-development.

River Ridge is currently planned to be high-density, high-rise building. Following approval, we intend to build it so it overlooks the New York vistas. However, the various stages of pre-development and pre-approvals will need to be conducted before we can offer a concrete timeline of development for River Ridge. This valuable property will, we hope, be a huge piece of development collateral placed into the NRIA real estate portfolio. This property remains early in its pre-development, but we are already moving on development designs and plans. We are excited to share more about this exciting new project as we progress.