JMF Properties & RD Management close on 14-acre site at Bayonne’s MOTBY
BAYONNE, NJ — JMF Properties, RD Management LLC, and Accurate Builders and Developers announced that the joint venture partnership has closed on a 14-acre site on the former Military Ocean Terminal at Bayonne (MOTBY). The closing paves the way for the development of 651 luxury rental residences. A fall groundbreaking is planned for the property, which is located on the southwest portion of the terminal peninsula, along Goldsborough Dr., with views of the Bayonne Golf Club across an inlet of New York Harbor. The rental residences will be housed in two five-story buildings which include an 820-space enclosed parking garage. The community will also feature 25,000 s/f of lifestyle amenities, including a rooftop resort-style swimming pool that overlooks the golf course.