The James
Update
05/10/22
Luxury Park Ridge Apartment Building Trades for $130M
A 5-story residential building at 87 Madison Avenue in Park Ridge, New Jersey has just been sold for $130 million. Known as "The James", it was purchased by Veris Residential from the previous owner and developer, Claremont Development.
Recently completed in 2021, The James contains luxury apartments, available in studio, one, and two-bedroom configurations. It also has 24 affordable units on offer.
The extensive list of tenant amenities includes a state-of-the-art fitness center, yoga studio, coffee bar, game room, catering kitchen, and coworking spaces.
Outdoor perks include a swimming pool, grilling stations, dining setups, fire pits, lounge areas, and a turf lawn.
In addition to residential space, The James has square feet of commercial retail on the ground floor. The development is also a transit-oriented community, sitting right beside NJT's Pascack Valley Line and across the street from the Park Ridge station.
