The race for development is heating up in Bayonne as another developer plans to build a multifamily housing complex near Newark Bay.

The 60-unit housing complex has received a $15 million financial boost to finance construction, according to an announcement yesterday.

The project, called The Park at Bayonne, is proposed for 1040-1046 Kennedy Boulevard and the $15 million in financing for the building is coming from the First Niagara Financial Group.

The developer is John R. Cali of Cali Futures, a veteran developer who has more than 35 years of experience in commercial and residential real estate in the state. He is a former executive of the northern New Jersey-based Mack-Cali Real Estate Corp., and he continues to serve as a member of its Advisory Board.

Partnering on the project is The L Group, a Bayonne developer, construction management and direct contracting firm. Washington, D.C.-based Kettler Apartment Group will provide leasing and managing services for The Park at Bayonne.

The new property is slated to be ready for lease in September 2014, and will offer private shuttle service for The Park residents to public transportation hubs into New York City.

The 60 units will consist of one-, two- and three-bedroom units with a rooftop patio and garden. Other amenities include a private penthouse and fitness center.

“I’m pleased to partner with First Niagara for financial support of this project,” Cali said in a statement. “I know that First Niagara’s bankers truly understand construction lending and they helped put together a financing solution that works for us.”