For years, a series of developers, including the late Harry Helmsley, have dreamed of building on a prime eight-acre site at the foot of the George Washington Bridge in Fort Lee, N.J. Now it's about to happen. On Wednesday, SJP Residential Properties will break ground on the Modern, a $500 million apartment development that will eventually include two 47-story towers with 900 apartments. The project is one of several rental-apartment projects under way across the region by developers rushing in to cater to residents who have lost their taste for home ownership. Other major players in ...
http://online.wsj.com/article/SB10000872396390443675404578056950865319298.html?source=Patrick.net