Tag: jersey city development

FISHER DEVELOPMENT TO LAUNCH NEW 45-STORY RENTAL BUILDING THIS SPRING IN DOWNTOWN JERSEY CITY

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High-Rise Building to Feature 448 Modern Apartments Overlooking Liberty State Park, the Statue of Liberty and Downtown Manhattan

Vantage

A nearly-completed 45-story residential tower in downtown Jersey City now has a name and a launch timeline.  Fisher Development Associates has chosen the name Vantage for its striking new glass curtain wall building and announced a late spring opening for the property’s 448 modern rental residences.  The developer has also launched a teaser website at www.VantageJC.com and tapped Manhattan-based The Marketing Directors to oversee the building’s leasing program.  Vantage has been designed by S9 Architecture.

Vantage Building RenderingLocated at 33 Park View Avenue adjacent to Jersey City’s charming Paulus Hook and Van Vorst neighborhoods and minutes from Manhattan via PATH and ferry service, Vantage will feature spacious studio, one- and two-bedroom residences with floor-to-ceiling glass windows to maximize sweeping views of the Hudson River, Manhattan skyline and the Statue of Liberty.  Residents will also enjoy a full suite of indoor and outdoor social and recreational amenities, including a 24-hour Concierge, outdoor zero entry swimming pool and a cyber café.  Homes are expected to be initially priced from $2,115.

Vantage will officially open with an onsite leasing center and fully-furnished model apartments.  Additional details will be revealed on the website in the coming weeks.

Prospective renters can be placed on a VIP Wait List by visiting www.VantageJC.com or calling 201-333-1222.

KRE President Jonathan Kushner to Join Panel at New Jersey Mega Multifamily Forum

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jk-headshot-2013Jonathan Kushner, President of the Bridgewater-based KRE Group, will join a discussion panel of real estate experts from across the Garden State on Sept. 21st at the New Jersey Mega Multifamily Forum produced by Bisnow. The panel will run from 8:30 to 10 a.m. at the Liberty House Restaurant on Audrey Zapp Drive in Jersey City.

The panel will cover a wide variety of real estate development topics, including transit-oriented development, luxury apartment and condo communities rising in traditionally suburban towns, and the continued evolution of the Gold Coast. Panelists will discuss investment and development trends they see forming, and what they expect to see in 2017 and beyond.

“It is a pleasure to join a panel that already includes so many of our industry’s most successful and knowledgeable individuals,” Mr. Kushner said. “The New Jersey development market is incredibly active right now and there is a lot to discuss. I look forward to both contributing to the dialogue and learning from what my fellow panelists have to say.”

Mr. Kushner will enter the forum as one of the state’s most prolific residential developers in recent years. Just this month, KRE launched leasing of Hudson Lights, a 1 million square-foot mixed-use project in Fort Lee, NJ. In December, KRE will launch leasing of its highly anticipated Journal Squared community, which will ultimately deliver 1,838 luxury rental residences to the historic Journal Square neighborhood in Jersey City. KRE also broke ground this year on Rose Hall, a collection of 100 luxury rental residences rising near the train station in the Morris County town of Madison, NJ. KRE owns and operates residential properties throughout New Jersey, New York and eastern Pennsylvania, including multiple communities in Jersey City.

About The KRE Group

Headquartered in Bridgewater, NJ, KRE Group is one of the largest privately held diversified real estate companies in New Jersey.  It owns and manages more than 6,000,000 square feet of office, warehouse and retail space.  It also has a multi-family portfolio which exceeds 9,000 existing apartments, with an additional 7,000 in various stages of approval and construction. For more information, visit the company’s website at www.thekregroup.com.

@CurbedNY: 30+ developments transforming New Jersey’s Hudson River waterfront #jerseycity

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New Jersey’s Hudson River Gold Coast is booming with new residential development. Check out Curbed NY’s recently posted Hudson River waterfront development map to see where the Gold Coast’s most prominent multi-family buildings are rising.

With all the activity happening along the Manhattan side of the Hudson River—the World Trade Center, Hudson Yards, and the like—it can be easy to forget that there’s a slew of construction projects happening on the other side of the water.

But there is, in fact, a veritable building boom in New Jersey right now, particularly the stretch along the waterfront between Fort Lee (to the north) and Bayonne (on the southern end). The developments going up run the gamut from small rental buildings to the state’s soon-to-be-tallest skyscraper, and each will have a part in transforming the state in the next few years. Here, we’ve mapped more than 30 of those projects

FULL STORY

#Bergen-Lafayette Welcomes New Condos

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via NJ.com – The Whiton Street building that once housed All Saints School has been transformed into 25 condominiums in the Bergen-Lafayette section of the city.

During a ribbon cutting ceremony Wednesday afternoon, officials touted the new Saint Lofts, which brings four affordable housing units and 21 market rate condos to what they described as a thriving neighborhood.

Each of the 14-one bedroom and 11-two bedroom units have already been sold. Prices range from $114,000 to $400,000. The project, is a partnership between New Jersey Community Capital, City National Bank, and the New Jersey Housing and Mortgage Agency.

Additionally, the city provided $387,000 in Affordable Housing Trust Fund money.

As Time Goes By #jerseycity #then&now

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JerseyDigs presents 10 interactive then & now photos of Jersey City skyline.

With unprecedented population growth, an influx of new shops and eateries, and endless construction, there’s no doubt Jersey City is changing quickly.

Nowhere else is this transformation more visible than the ever-changing skyline. Using Google Street View, RentCafe, a rental search engine, put together interactive before and after photos showing what a difference just 8 years made.

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Viaquenti Academy Students Get Up Close Look at Manhattan Building Company’s @CastIronLofts #jerseycity

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Fully adorned in hard hats and safety vests provided by Manhattan Building Company, students from Viaquenti Academy got a behind the scenes look at how a high-rise building comes to life when Louis Mont, Chief Operating Officer of the locally-based developer, toured a class through residential buildings in Jersey City’s SoHo West neighborhood.  Pre-school students looked the part of a development professional as they were taken through a completed building and one under construction to show what’s behind the walls of their home and explain the complete process of creating a new neighborhood, from the architecture and design to the construction that results in the finished product.   Students were allowed to touch and see various construction materials and learned more about building methods.  Viaquenti Academy is located 837 Jersey Avenue in Cast Iron Lofts I, the initial rental building developed by Manhattan Building Company in Jersey City’s SoHo West neighborhood.

Model of Economic Growth

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2016-07-27_12-06-56via NJBiz.com – It’s not always easy to find positive business news in New Jersey, what with our high taxes, political shenanigans and high cost of living. But when you need something to feel good about, our commercial real estate market is usually a dependable place to start.

Nowhere is that more true than Hudson County, which is increasingly finding itself the belle of the ball, with companies in New York City increasingly looking west as they consider their own real estate costs in Manhattan. It’s a fable we’ve long been told would come true someday, and while it’s too soon to say that day has come, the signs are very encouraging.

Take last week’s report from Newmark Grubb Knight Frank, which said surging demand was helping to put a dent in the vacancy rate, now south of 13 percent and with rising asking rents increasing to nearly $37 a square foot. That’s driven in no small part by proximity to mass transit in cities such as Hoboken and Jersey City, which are clearly driving the bus here, and we’ve got a preview of what they might offer in the future. Earlier this month, the Economic Development Authority awarded more than $80 million to companies to entice them to relocate to, or grow their operations in, Jersey City; the largest, Omnicom Group, would bring 415 full-time jobs across the river if the company decides to make the move. Meanwhile, accounting giant EY would get nearly $40 million if it moves a chunk of its operations from Times Square to River Street in Hoboken.

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Cast Iron Lofts II surges past 80% Leased in Jersey City’s Fast Emerging SoHo West

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CIL II ExteriorThe Cast Iron Collection, an offering of upscale rental homes, resort-inspired amenities and supportive street-level retail space, has quickly become something of an icon in SoHo West (South of Hoboken, West of New York City),  the exciting new lifestyle neighborhood being spearheaded by developer Manhattan Building Company on the border of Jersey City and Hoboken.

A testament to the high appeal and desire for spacious, loft-inspired rental living in fully-amenitized buildings near the NJ PATH has been the incredible leasing success experienced at the neighborhood’s second apartment building, Cast Iron Lofts II.  More than 80% of the 232 homes in the 27-story industrial-inspired building have been leased since its opening earlier this year, providing clear evidence of the viability and attractiveness of one of Jersey City’s hidden residential treasures.

Renters can still secure their place in one of Hudson County’s most fashionable residential address.  Premium apartments still remain at Cast Iron Lofts II, priced from $3,175.  Included in the available inventory are a select number of the building’s two-bedroom homes, which have been widely popular with roommate shares and young couples with small children looking for oversized rentals on New Jersey’s Hudson River “Gold Coast.” Continue reading →

What’s Happening in Newport?

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20735067-mmmainFour new retail stores are coming to Newport Centre Mall.

The Body Shop, e.l.f. Cosmetics, Zinburger and Zara will join Newport Centre by the end of this year, the mall’s management company, Simon, announced today.

“We welcome these fine additions to our growing roster as part of our continuous commitment to bring exciting and market exclusive fashion brands and popular dining options to Newport Centre,” said Jill Daniel, Simon’s director of marketing and business development.

Read more at NJ.com

JC: Boomtown

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The July issue of New Jersey Monthly tours Jersey City neighborhoods and reports on the rise of our own city.

The driving tour will take us through the parts of the city where its changes are most evident: to the restaurants, shops and nightspots around the Grove Street PATH station downtown; west to Journal Square, the historic hub, where towers that rival those on the waterfront are now rising; north to the Heights, where many former downtown residents, including Fulop himself, have been migrating in search of lower prices; and south to Bergen-Lafayette, where developers have been nibbling at the edges of a neighborhood they had  long ignored.

FULL STORY