BAYONNE, NJ — KRE Group, a full-service real estate investment and management company announced that it has closed on a $45 million, three-year construction loan, in addition to a $5.4 million pre-development loan, to build a new luxury multi-family development in Bayonne. Known as Harbor Station North, the development will include three buildings offering 200 rental apartments and 10,000 s/f of retail space—just steps from the Hudson-Bergen Light Rail.
“Harbor Station North represents KRE’s first residential development in Bayonne, a charming city that’s becoming a Gold Coast destination in its own right,” said Jeremy Kaplan, CEO of KRE Group. “Bayonne is seeing a proliferation of new businesses that continue to bring new residents to the area, and we look forward to breaking ground and becoming a part of this growing community.”