Positioning Retail Real Estate for a New Generation

April 11, 2013

HAVEN RIVERFRONT RESTAURANT & BAR TO OPEN AT EDGEWATER HARBOR

Levin Leases 6,500 Square Feet to Sophisticated Contemporary American Restaurant at Premier Mixed-Use Development

EDGEWATER, N.J., April 11, 2013 – Haven Riverfront Restaurant & Bar has leased 6,500 square feet at Edgewater Harbor, becoming the latest eatery to join the dining component at this premier mixed-use development on Hudson County’s Gold Coast, according to Levin Management, exclusive retail leasing agent for the property. The restaurant will open its doors in June. Levin’s leasing representative Jake Frantzman negotiated the lease.

“This waterfront location offers among the most extraordinary Manhattan skyline views currently available and is a phenomenal space for an exciting restaurant venture of this caliber,” said Frantzman. “Haven Riverfront Restaurant & Bar will have a handsome, contemporary look and feel, and will perfectly complement the luxury residential units at Edgewater Harbor. I am confident this restaurant will be a wonderful amenity for local residents.” Additional waterfront restaurant space is available at Edgewater Harbor to suit a variety of casual dining, coffee house or café tenants, noted Frantzman.

“Haven Riverfront Restaurant & Bar will offer a unique culinary experience in a warm, gracious setting, as well as a sophisticated but casual bar and spacious outdoor dining area,” according to owner Jerry Maher. The restaurant’s innovative menu of contemporary American cuisine will be prepared by James Beard award-winning Executive Chef Wally Weaver. “Chef Weaver, known locally as the creative talent behind 3 Forty Grill in Hoboken, will be using regional, seasonal ingredients and organic produce whenever possible to create appealing menu items. At Haven Riverfront Restaurant & Bar, we have created a fine dining experience that will appeal to a broad base of restaurant-goers,” said Maher.

IA project of National RE/sources, Edgewater Harbor sits on the 21-acre former Unilever R&D campus, providing Hudson River views and a coveted Gold Coast address. At build-out, Edgewater Harbor will include 480 high-end loft and apartment residences and a 1,900-foot river walk along the Hudson. The property’s first two residential buildings feature ground-level retail space along the project’s Main Street.

Edgewater Harbor’s 100,000-square-foot retail component serves a population of more than two million people within a five-mile radius. Some 896,000 households within that same radius boast an average income exceeding $107,000. The property’s location – equidistant from the George Washington Bridge and Lincoln Tunnel – makes it easily accessible to shoppers from both New Jersey and Manhattan. Retailers already open at Edgewater Harbor include CVS Pharmacy and Beach Bum Tanning. Tenants opening imminently include a 24,000-square-foot HomeGoods, Great Clips, Floris Nails & Spa and European Wax Center.

“A number of retail tenants already call Edgewater Harbor home,” said Michael Cohen, Levin Management’s vice president of leasing. “Upon its completion, this property will be one of the area’s leading shopping and dining destinations. Restaurants in particular are attracted Edgewater Harbor’s visibility, skyline views and excellent daily consumer traffic.” Other food-related tenants here include Moe’s Southwest Grill and Five Guys Burgers and Fries.

Having celebrated its 60th year in 2012, Levin Management is one of the nation’s leading retail real estate services firms, with a strong focus in the northeastern United States and an owner’s approach to the business. Today, the North Plainfield, N.J., company offers a full range of services for a diverse 90-property, 12.5 million-square- foot portfolio. These assets include neighborhood, community, lifestyle and power centers, as well as enclosed malls, downtown stores and mixed-use projects in New Jersey, New York, Pennsylvania, Virginia, and North Carolina. Levin specializes in repositioning, retenanting and renovating retail properties – areas that have become particularly vital for today’s institutional, fiduciary and individual property owners.