THE BEACON CAPTURING LARGE SEGMENT OF JERSEY CITY RENTAL MARKET

The Orpheum Grand Opens with 158 Distinctive Residences

JERSEY CITY, NJ, April 30, 2013 — Value, views and an incomparable amenity offering are creating a rush on new rental residences at The Beacon in

The Beacon in Jersey City

The Beacon in Jersey City

Jersey City, with many renters signing leases on new apartments even before they’re completed.

The community’s newest offering, the 158-unit Orpheum, is already 1/3 leased, an impressive milestone that comes on the heels of the three-month lease-up of the 126-unit Mercury building.

The strong leasing velocity reflects the widespread appeal of The Beacon which has captured a significant piece of the hot Jersey City rental market with a value, lifestyle and unique product proposition that distinguishes it from the marketplace.

“We’ve blended the buildings’ historic restored exteriors with modern new residences featuring upscale finishes and appointments to create exceptional living spaces at extremely attractive price points,” notes Beth Polychrones, General Manager at The Beacon. “The community’s elevated site affords magnificent views of the Manhattan skyline, Hudson River and Statue of Liberty to the east and rolling landscape to the west, while considerable outdoor space and an unprecedented level of hotel-like amenities and services foster a well-rounded lifestyle experience that’s clearly resonating with today’s renters.”

Already completed at the gated community is 45,000 square feet of amenities including an indoor pool, Grotto lounge with hot tubs, his/her saunas and steam, social sauna and treatment rooms; a yoga studio, 24/7 state-of-the-art fitness center, lounge screening room, children’s playroom, restored Art Deco theater/event space, poker room and a billiards hall. White Glove services include valet parking and courtesy shuttle service to the Grove St. and Exchange Place PATH/Ferry Stations. There’s also considerable open green space for passive recreation, including a private 2-acre park with children’s playground and organic garden spaces, and a dog run, while a new parking garage is underway that will feature a landscaped rooftop to create an incomparable park-like setting with spectacular views.

The Beacon’s new 22-story Orpheum building features 158 studio, one- and two-bedroom residences ranging from 592 to 1,310 square feet of living space. Monthly rents currently start at $1,990, with immediate occupancy available.

The ultra modern residences in the Orpheum feature 14-foot lofted ceilings, dark burnished oak plank flooring, and Gourmet Chef’s Kitchens with espresso 42” cabinets, granite countertops, GE® ENERGY STAR® stainless steel appliances and garbage disposals. Elegant baths are adorned with cultured marble vanity tops and modern, brushed nickel lighting fixtures. Each residence also offers central heating and air conditioning, individual washers and dryers, and smart card key access, while panoramic views of the Manhattan skyline, Liberty State Park and Upper Bay are available from many residences.

The Beacon offers residents proximity to Jersey City’s vibrant downtown district which is celebrated for its comprehensive public transportation system, including numerous NY Waterway Ferry terminals and PATH stations offering convenient service into Manhattan, as well as NJ Transit Light Rail and accessibility to the Holland and Lincoln Tunnels and the New Jersey Turnpike. The area is also known for its active artist’s community, growing music scene, and ever-improving shopping, dining and nightlife venues.

For more information on The Beacon, call (877) 640-4945, or visit The Beacon’s website at http://www.thebeaconjc.com. The community’s Leasing Center is located at 20 Beacon Way, Jersey City, NJ 07304.

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