Hudson Lights Retail Leasing Climbs to 75 Percent with New Leases
Mixed-Use Development Slated to Open Retail Center Doors in Q2
FORT LEE, N.J. (March 1, 2016) — Tucker Development, a leading investor and developer of retail centers and mixed-use properties, announced that the retail component of the first phase of Hudson Lights — the company’s large-scale, mixed-use redevelopment in Fort Lee, N.J. — has signed long-term tenant agreements with Cycle Bar, Linwood Wine & Liquor and Seesaw. With these new tenants, the multi-faceted property’s retail component is approximately 75-percent leased.
Located at the entrance to the George Washington Bridge in the downtown area of Fort Lee, Hudson Lights is part of an innovative redevelopment initiative expected to invigorate the city’s well-located downtown corridor. The iconic, one-million-square-foot development’s first phase will comprise approximately 140,000 square feet of retail and 276 luxury apartments.
Cycle Bar is a new concept in indoor cycling, offering high-energy workouts paired with an unparalleled music selection and interactive entertainment features. Founded in 2004, Cycle Bar’s unique exercise concept has earned great popularity, and the company expects to be operating 100 studios by the end of 2016.
Linwood Wine & Liquor Co. is a premier wine and spirit shop that carries a diverse array of wines, beer, sake and other alcoholic beverages. Founded in 1979, the store has earned high regard for its comprehensive selection of fine whiskeys and micro beers from around the world.
Seesaw is a high-end fashion destination, home to the latest brands of women’s apparel and accessories. Founded in 2004, the boutique shop aims to provide the modern woman with a one-stop-shop for the luxury clothing, accessories and footwear necessary for all occasions.
Cycle Bar, Linwood Wine & Liquor and Seesaw are the latest in a diverse array of amenities at Hudson Lights, which are designed to bring Fort Lee an invigorated downtown while providing the city and its residents with a wide range of dining, shopping and entertainment options. The development’s lead tenant is movie theater iPic, which is building an eight-screen, 533-seat luxury movie theater. Other tenants include CVS; Capital One Bank; a variety of dining options; as well as apparel, banking, real estate and service establishments.
The fully entitled second phase of Hudson Lights is approved to include an additional 201 residential units, approximately 50,000 square feet of retail space and parking, as well as a 175-room hotel. The zoning also affords the development the option for an office building of up to 430,000 square feet.
About Tucker Development
Tucker Development, founded by Richard H. Tucker in 1996, is a leading developer and manager of shopping centers and mixed-use properties in key Midwest and East Coast barrier-to-entry markets. The company pursues mixed-use and retail-related real estate investments that provide an opportunity to enhance value through development, redevelopment, repositioning and recapitalization. Tucker Development Corporation’s development, management and leasing portfolio exceeds five million square feet and continues to grow through the company’s development and acquisition activity.
For more information on Tucker Development, visit www.tuckerdevelopment.com.