EDGEWATER is an innovative ground-up rental development in Beacon, located about one hour north of NYC. The proposed project is a multi-family development featuring a 253-unit apartment community on a 12-acre waterfront site. The property is within walking distance from the Metro-North train station; with easy access to major highways, and retail, dining and entertainment venues. This well-established neighborhood attracts a diverse blend of professionals and families.
SQFT and CEG have formed a joint venture to finance and develop this property with Weber Projects. Both firms have a proven track record for constructing multifamily and mixed-use projects that perform well against their submarket competition. The joint venture is seeking for secured notes investors to join them on this high- quality suburban real estate initiative within Beacon’s market.