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BlueGate Partners has successfully secured a $175-million construction loan for the first phase of The KRE Group’s new multifamily project, Artwalk Towers. Located at 808 Pavonia Ave in Jersey City, this development will consist of 1,189 units across two phases. BlueGate’s team consisting of Mark DeLillo, Marc Schulder, Lee Spiegelman, Felipe Marin and Eli Zaoutis worked on the transaction and also represented a private family in the land sale.
The second phase of Artwalk Towers will feature a unique addition – Centre Pompidou x Jersey City – which will be North America’s only location for the renowned Parisian art museum. This exciting cultural attraction adds to the appeal of this development.
According to DeLillo: “Future residents can look forward to breathtaking views of Manhattan’s skyline as well as top-notch amenities. With easy access to PATH trains that can get you to World Trade Center in just 12 minutes and its central location providing convenient access to major employment centers like Hudson County Waterfront and Newark.”
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