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S3 Capital lends $255 million for kickoff of high-rise complex on Hudson

Developer Maxal Group plans $1 billion waterfront project with 1,200 units
The first phase of a $1 billion multifamily development in Edgewater, New Jersey, is one tower with 381 units. (CoStar)
The first phase of a $1 billion multifamily development in Edgewater, New Jersey, is one tower with 381 units. (CoStar)
CoStar News
October 3, 2025 | 6:08 P.M.

S3 Capital is lending a New York developer $255 million for the construction of the first phase of a $1 billion apartment complex on the Hudson River waterfront in New Jersey.

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News | S3 Capital lends $255 million for kickoff of high-rise complex on Hudson