Riverwatch Residential Community

Completion: July 1999 (Final Phase) Location: Hiram Market, situated near central business district between Neilson Street and Route 18 Size: 80 market-rate apartments in two three-story buildings; 15 townhouses

Occupancy: Market-rate owners and residential leasing tenants

Developer: Devco and The Applied Companies

Investment: $15 million

Financing: PNC Bank

This unique, upscale residential community blends single family townhomes and luxury rental apartments with some of the city's finest restaurants. With the completion of the final phase, the entire Riverwatch Complex now comprises 33 townhomes and 197 rental units in three federal-style apartment buildings. Through the Riverwatch development project, Devco has restored residential life to downtown New Brunswick bringing 500 new residents to this center city neighborhood.