Castle Lanterra Properties Kicks Off Educational Tenant Scholarship Program

Residents and Dependents of Bayonne’s Harbor Pointe are Eligible

Castle Lanterra Properties (CLP) has launched an academic scholarship program to provide opportunities for its tenants at the company’s residential properties throughout the east, south and midwestern U.S., announced Elie Rieder, founder and CEO of the New York-based, privately-held real estate company. The Castle Lanterra Properties Scholarship Program will be offered to residents and their families within the company’s 3,000+-unit multifamily portfolio. In Bayonne, the program is open to residents of the recently acquired, 544-unit Harbor Pointe on the city’s waterfront.

1452285865_Elie Rieder

Elie Rieder, founder and CEO of Castle Lanterra Properties

“Philanthropy has always been a vital part of our business philosophy,” said Rieder, “and we are pleased to be able to give back to the residents of our communities with this meaningful program.” Education has always been an important cause to the family.

“The quality of life of our residents remains a very high priority, as always, and we are pleased to be able to reward the loyalty of residents with this opportunity,” he said. “It is our desire for our residents to feel proud of where they live.”

“We’re working closely with property managers at each of the properties eligible for this program,” explained Jim Brady, vice president of property management and operations at Castle Lanterra. “Our property manager at Harbor Pointe is enthusiastic and very knowledgeable about the residents and has expressed great interest in the scholarship program.”

“This opportunity is amazing,” said Paul Medawar of Alliance Residential Co. and Business Manager at Harbor Pointe. “We are so fortunate to be working with Castle Lanterra Properties.”

Castle Lanterra tenants who are eligible include high school seniors, graduates and post-secondary undergraduates who plan to enroll in full-time undergraduate study at an accredited two- or four-year college, university, or vocational-technical school for the entire 2016-2017 academic year. The company will award $5,000 for the top scholarship recipient and two additional $1,000 awards.

The program is designed to recognize students with strong academic performance who demonstrate leadership and participate in both school and community activities. Work experience, career and educational goals, and any unusual personal or family circumstances are also considered.

“We chose to have students write an essay covering some issue of ‘personal, local, national or international’ concern. The goal is to encourage self-expression and consideration of the world today and their role in the community,” Rieder said.

The program launched Monday, January 11 with an application deadline of March 1, 2016.

Advertisements

Former Texaco site in Bayonne Slated for Development

Kaplan Companies plans to build more than 1,200 residential units, recreational facilities and other amenities on this long-dormant 71-acre former Texaco site in the southwest section of Bayonne. Photo: Reena Rose Sibayan | The Jersey Journal

Kaplan Companies plans to build more than 1,200 residential units, recreational facilities and other amenities on this long-dormant 71-acre former Texaco site in the southwest section of Bayonne. Photo: Reena Rose Sibayan | The Jersey Journal

A redevelopment project that has been in the making for nine years is finally beginning to take shape in Bayonne.

Kaplan Companies plans to build more than 1,200 residential units, recreational facilities and other amenities on the long-dormant former Texaco site in the southwest section of Bayonne.

The price tag for the Promenade at Bayonne, which received city Planning Board approval in May, is estimated at roughly $500 million.

Bayonne City Council members are expected to introduce a redevelopment plan for the 71-acre site — which has been vacant since Texaco halted its storage and refinery operations there in the late 1980s — at tomorrow’s City Council meeting.

Kaplan was designated as the developer for the site in 2006, and company president Jason Kaplan has said in the past the project could take 10 to 12 years to complete.

The ground at the former site of the Texaco Chevron plant is currently being raised 6 to 10 feet to begin construction, according to Rob Wondolowski, director of Bayonne’s Municipal Services.

The current development plan calls for the 71 acres to be broken up into three parcels and the construction to be completed over a number of phases.

During phase one, two housing complexes would be built with a total of 300 units, Wondolowski said. The plan calls for ballparks and a public park to be built as well.

While an industrial pier was initially planned for the area, a recreational pier is likely to be built in its place. A ferry is also in the plan, but it has not been decided where the landing would be placed.

The ground is expected to be completely raised by spring and construction will likely begin by next summer, Wondolowski said.

Renderings of the proposal and be seen on the website of the architect for the project, Minno and Wasko.

FULL STORY AT NJ.COM