Developers to Break Ground on North Bergen Luxury Complex
The $230 million Revella on Hudson project will bring 358 rental residences to a 36-acre site on River Road.
Updated on Oct. 15, 2026 in Apartments
Live Poll
Do large-scale luxury rental developments improve the overall quality of housing in your community?
Nord Development Group and ACRE plan to start construction next week on a 358-unit luxury rental complex in North Bergen. The project, branded as Revella on Hudson, is set to rise at 8200 River Road.
Why it matters
The development represents a major investment in the North Bergen housing market and features a 30-year payment-in-lieu-of-taxes agreement. It is backed by $80 million in equity from the project principals.
The Revella on Hudson site spans 36 acres and will feature four seven-story towers alongside one five-story building. The project is designed to meet LEED Silver certification standards.
The players
Nord Development Group
This is a real estate development firm co-developing the project under the unified Revella brand.
ACRE
This is a private equity real estate firm partnering on the construction of the new luxury complex.
Bank OZK
This is a financial institution providing the construction financing for the luxury residential development.
JLL
This is a global commercial real estate services company that sourced the financing for the developers.
The details
The developers, operating under the unified Revella brand, secured financing through Bank OZK and PGIM with assistance from JLL. The property was previously acquired from A&H Acquisitions principals Alex Adjmi, Bobby Cayre, and Kenny Hart.
Timeline
Groundbreaking for the project is scheduled for next week.
The Carriage House project in Patchogue expects first move-ins in February 2027.
Culture Shift
This project aligns with the growing industry-wide adoption of LEED Silver certification standards in luxury multi-family developments. It reflects a broader shift toward integrating sustainable building practices into high-end residential housing markets.
Residents in North Bergen will see the transformation of a 36-acre site at 8200 River Road into a dense residential hub. The project aims to add 358 units of inventory to the local luxury rental market.
The takeaway
This development indicates sustained appetite for luxury rental inventory in the region. Interested parties should monitor upcoming construction updates to understand how the new unit capacity influences local rent benchmarks.
Further reading
For more on residential market trends, visit North Bergen Apartments.
Source note: This article includes information reported by Long Island Business News.
Live Poll
Do large-scale luxury rental developments improve the overall quality of housing in your community?
