Filing Alert: 339 River Road Holdings Chapter 11
Owner of Former Edgewater Multiplex Site Files Chapter 11 in District of New Jersey
339 River Road Holdings, LLC, the owner of the former Edgewater Multiplex Cinemas site at 339 River Road in Edgewater, NJ, filed for Chapter 11 protection on Jun. 12 in the U.S. Bankruptcy Court for the District of New Jersey.
The filing follows a scheduled June 12, 2025, sheriff’s sale in Bergen County, where a 15.6-acre Hudson riverfront property is set to be auctioned following a roughly $47.4 million foreclosure judgment secured by East-West Funding LLC. The judgment stems from a $25 million construction loan issued in 2018 (later increased to $30 million). Public records indicate that the redevelopment plan for the former Edgewater Multiplex Cinemas site—envisioned as a ~160,000-square-foot big-box retail complex with rooftop parking—has encountered prolonged safety-related objections from the Edgewater Planning Board, which appear to have delayed approvals and hindered efforts to refinance or sell the site.
The company reports $80 million in assets and $55.6 million in liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 25-16275.
Top Unsecured Claims
Key Parties
Counsel:
- Bruce H. Levitt
- Levitt & Slafkes, P.C.
- Phone: (973) 313-1200
Signatories:
- Bruce Sturman – Managing Agent
Equity Security Holders:
- 339 River Road Partners, LLC – 100% Equity Interest
Bondoro Insights is continuing to monitor this case and will provide further coverage as appropriate.
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