Luxury Apartment takes shape on River Road

By Douglas E. Hall

For those who have passed the new construction on River Road at the corner of Archer Terrace, and wondered what it was, it is The Alexander, a luxury apartment complex of 10 stories in an open pentagon shape that will house 300 apartments when it is completed by the end of this year or early in 2013.

Builder Fred Daibes, who named the building for his son, Alexander, estimates the building will have a grand opening in December or January.   The structure lives up to the name of luxury with plans for amenities including on site hotel service, indoor and outdoor pools with private cabanas, state of the art fitness center, yoga and meditation space, all-inclusive spa facility, billiard and game room, screening room, business centers, and multi- purpose room.

Mr. Daibes redeveloped and remediated the site, which once housed a chemical plant operated as Octagon Processing.  While many residents remember the old Octagon plant, few would remember that the site was once the home of Henry Wissel, who was mayor of Edgewater from 1914 to 1927 and then again from 1936 to 1953.  Mayor Wissel sold the property to Archer Daniels Midland Corp. and moved to a house just off the corner of Undercliff and Hilliard Avenues.  Archer Daniels Midland built a factory there to process flax oil.

Mr. Daibes had originally planned to build two apartment towers of some 20 stories, but that plan was rejected by the borough.

Related posts:

  1. New Mixed Use Development for Old River Road Begins
  2. Three stores closing in Edgewater | Michaels reportedly takes Barnes & Noble, FYE space
  3. Daibes saves the Day for Edgewater School Bus costs
  4. Edgewater says ‘Good-bye’ to Neda Rose


  1. Cindy says:

    Will it be rentals ? Condos?

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