Art + Real Estate = Community

2016-06-29_10-43-13NJ Biz reports on the the JC art scene as seen on the gallery walls of some recent new real estate.

From the story:

For Eyal Shuster’s 2-year-old, boutique apartment building in downtown Jersey City, “The Art House” is more than just a fancy name.

The sixth floor, for instance, is adorned with a row of color-splashed “encaustic” or hot-wax paintings by local artist Kathy Cantwell. Priced at $800 each, the pieces are available for purchase by tenants or visitors who attend one of the building’s open houses and viewing events.

And it’s just one of the collections that are displayed in each of the building’s 12 floors — creating a vibe that helps the luxury building stand out in a crowded field.

Paintings by local artist Kathy Cantwell, as displayed in The Art House in Jersey City.

“We see that people are staying because of the service and the lifestyle, which is good to help us against the competition,” said Shuster, owner of The Shuster Group. “But we can also see that the art helps to create the community and people appreciate it.”

That connection is felt in communities around New Jersey — and recognized by developers, planners and local officials who see the benefits of incorporating the arts into their efforts. For some, it’s a way to give a new identity to a project or a place that is already established. {SNIP}

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A CREATIVE SOLUTION

In Jersey City, away from the downtown, the arts community is anchoring development in the still up-and-coming Journal Square neighborhood. Mana Contemporary, a 2 million-square-foot cultural center on Newark Avenue, has led to developments such as 25 Senate Place.

The 265-unit upscale property is about a block away from the complex and includes a host of amenities, including a landscaped terrace and seating area. But to obscure two large industrial air vents that are in the middle of the deck, the developer commissioned Conrad Allen, a New Jersey-based sculpture artist, to come up with a solution.

The result was two nature-inspired sculptures, including a lotus made of metal, above.

FULL STORY

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NY Post Features JC’s Newest Condominiums

FOR REAL ESTATE -- The Oakman -- entrance  HANDOUT

Today’s New York Post’s “NYC’s 33 buzziest new buildings” goes beyond NYC to feature The Shuster Group and their newest offering in Jersey City, The Oakman.

It’s not all about New York living. For those with New Jersey on the mind, The Oakman a condominium in Jersey City’s Powerhouse Arts District kicked off sales of its 159 apartments last month. And eight of these units are penthouses with outdoor space. Located at 160 First St. and designed by Fogarty Finger Architecture, this 14-story building will have a fully equipped roof terrace with a pool and views of the city skyline, fitness center, 24-hour concierges and children’s playroom, plus a lounge, library and business center. The apartments start with studios and go up to three-bedrooms, with prices from $700,000. The first move-ins are expected in summer 2016.

Contact: JCity Realty, 201-860-9800

FULL STORY AT NYPOST.COM

The Oakman to Open in Jersey City

A rendering of The Oakman, new upscale condos at 160 First Street slated to open in the summer of 2016.

A rendering of The Oakman, new upscale condos at 160 First Street slated to open in the summer of 2016.

New condominiums will soon join Jersey City’s Powerhouse Arts District.

The Oakman, located at 160 First Street, is slated to open in the summer of 2016, George Cahn, a spokesman for the developer, The Shuster Group, told NJ Advance Media. The seven-story building will feature 159 units, starting at $700,000. Local brokerage JCity Realty began sales this week.

The building is being billed as one of the first condo offering in Jersey City in several years, the majority of new construction projects being rentals. Both Jersey City and Hoboken have seen for-sale inventory drop as new rental properties continue to emerge, leading to more competitive bidding for high-demand properties.

“The time is right to introduce a new luxury condominium offering that will help answer the pent-up demand for upscale, for-sale residences while also fitting in with the character and identity of the neighborhood,” Eyal Shuster, owner of The Shuster Group, said in a statement.

FULL STORY AT NJ.COM

Get Free Art!

2015-09-03_11-33-33The next JC Fridays event will take place on September 11th in neighborhoods all over Jersey City. The events are FREE!

2015-09-03_11-42-20JC Fridays is a quarterly event, held four times a year at the start of every season: March, June, September, December. The next JC Fridays will be held on Friday, December 4th, 2015.

Through our events and programming:
Sponsors:

– Destination Jersey City – – The Jersey City Reporter
– Jersey City Magazine
– Mayor Steven M. Fulop, the Jersey City Municipal Council & Cultural Affairs –
– Jersey City Department of Housing, Economic Development, and Commerce
– Historic Downtown SID
– Hamilton House
– The Shuster Group
– Greenspot
– The Oakman Condominiums
– JCity Realty
– PATH
– SILVERMAN

JC Fridays is made possible in part by funds from the New Jersey State Council on the Arts/Department of State, A Partner Agency of the National Endowment for the Arts; administered by the Hudson County Office of Cultural & Heritage Affairs/Tourism Development, and by the County of Hudson, Thomas A. DeGise, Hudson County Executive, and the Hudson County Board of Chosen Freeholders.

Supporters: Balance Salon, City Diner, Club Transmission, the Digest, GP’s Restaurant, Hamilton Inn, Jersey City Independent, Maximum Motion Fitness, Port-o Lounge, Yelp

Friends: Jersey City Reservoir Alliance, Pint

Business Specials:
•   $10 off haircuts on JCFridays from Balance Salon
•   One FREE class for first time members from Maximum Motion Fitness

Continue to check out the FULL SCHEDULE Continue reading

Interviews of Note: JCity Realty

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The JCity Realty team

CHICpeaJC recently interviewed Natalie Minard, a partner and Broker of Record at JCity Realty, and the team.

Natalie has lived in JC for eighteen years lighting in multiple neighborhoods including Downtown, Journal Square, and the Heights. She still owns and invests in Jersey City.

She discusses her fave JC eateries, how the city has changed of the years, and the new projects JCity is working on.

The team handles sellers, buyers, and rentals, including their most recent success The Art House in the Powerhouse Arts District downtown.

They are currently handling condo pre-construction sales in The Oakman, right next to The Art House in the PAD.

READ THE FULL INTERVIEWS on CHICpeaJC.com 

New brokerages open offices to seal deals in Hudson County

Anne Field at The Real Deal looks into the burgeoning broker market in Hudson County in this month’s issue.

Natalie Miniard of JCity Realty worked with Art House, a 119-unit rental that was fully leased in six months.

Natalie Miniard of JCity Realty worked with Art House, a 119-unit rental that was fully leased in six months.

Developers aren’t the only real estate players making the most of surging interest in the Gold Coast. Brokers are in on it, too.

Early last year, long-time Hoboken broker Renée Condon opened a Keller Williams Realty franchise there, part of the firm’s plan to launch four offices in total in Hudson County by the end of 2016.

About six months later, Jersey City broker Natalie Miniard partnered with local developer Eyal Shuster Development to open JCity Realty, which now has 11 agents.

And national realtor Douglas Elliman said it’s “considering a bigger move in New Jersey,” specifically to the Gold Coast, according to a spokesperson who would not provide more detail.

2015-06-03_11-19-51“As Manhattan and Brooklyn get more expensive, the demand is only going to grow on the Gold Coast,” said Michael Brand, tri-state regional director for Keller Williams Realty.

Still, it’s far from smooth sailing for New Jersey brokers. The number of brokers in Hudson County has declined by 15 percent to 2,497 over the past five years as the condo market has continued to lag behind rentals. Because condo sales are considerably more lucrative than rentals, many brokers have decided to throw in the towel. Meanwhile, the decrease has been even greater in nearby Essex and Bergen counties, which have more single-family homes and less development. In Essex county, the number dropped 21 percent, to 2,456; in Bergen, there was an 18 percent decline, to 5,902, according to the Department of Banking and Insurance in New Jersey.

But for the most persistent of salespeople, the Gold Coast is proving to hold great promise. Winners there range from real estate professionals who have cornered a productive niche to those leasing a high volume of waterfront rentals or snagging exclusive representation of particular developments. Over the next three to five years, “we see the Gold Coast as being a $2 billion market for us,” said Brand.

Continue to full story at TheRealDeal.com

The $3,000 apartment: Asking (and getting) big rents is another sign the Gold Coast is booming

2015-04-14_12-54-28You don’t need to be a real estate expert to know that multifamily on the Gold Coast is white hot.

And you might not bat an eye at the thought of a unit renting for $3,000 a month.

But when that’s the average asking rent for all of Hudson County — the county that makes up a major chunk of this booming market — it might be time to go back and take another look.

With the county projected to reach that benchmark next year, experts say it’s just another resounding sign of just how hot the Gold Coast is. And that’s an average that includes less-expensive parts of the county, meaning rents along the waterfront are even higher — bringing the number up to the $3,000 mark.

It’s why insiders see no signs of a slowdown in the near future when it comes to competition among developers and investors seeking to cash in on the market or plant their flag there.

{SNIP}

Average asking rents for Hudson County have grown every year since 2009 — when they were just above $2,500 — and are projected to top $3,000 in 2016, according to the New York-based research firm Reis Inc. And the firm projects that trend to continue through 2019, with average annual growth of about 2.4 percent during that period.

Those projections may be tempered by an influx of new options — HFF tracks a pipeline of more than 10,500 new units through 2018, from Jersey City to Fort Lee in Bergen County — but experts say demand from renters is almost eye-popping. Look no further than The Art House in Jersey City, a 119-unit property that was delivered last year by The Shuster Group and leased nearly 100 of its 119 units in three months.

Or the 11-story Warren at York, developed by Millennium Homes, which was 50 percent leased within a week of opening.

{SNIP}

The competition is being felt up and down the Gold Coast, experts say, and it’s becoming especially heated as well-heeled institutions increasingly look to break into the market. That’s one driver for another budding trend by investors: acquiring older properties and renovating them to add value.

READ FULL ARTICLE ON NJBIZ.COM

The Art House Luxury Rental Building Surpasses 80% Leased in Downtown Jersey City

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The Shuster Group announced today that The Art House luxury rental building in downtown Jersey City is more than 80% leased, with nearly 100 of the 119 stylish new residences now spoken for.

The impressive leasing milestone, achieved by Exclusive Leasing Broker Natalie Miniard of JCity Realty and her team of leasing agents, was accomplished less than three months after the fully-amenitized, 12-story building officially opened to the public in Jersey City’s Powerhouse Arts District.  Offering a collection of stylish residences with condo-level finishes and dramatic indoor and outdoor amenities that inspire social interaction and a genuine sense of community, The Art House has delivered an engaging new lifestyle experience that is being embraced by today’s creative types and urban enthusiasts.

“Leasing more than 80% of the residences in such a short amount of time reflects the unique appeal of The Art House,” said Leah (Pninit) Almog Arazi, Director of Marketing for Shuster Development.  “We’re operating in a crowded field as Jersey City has emerged as a true destination for sophisticated and dynamic urban living, and we’ve stood out in that landscape.”

The appeal of The Art House is clear: modern residences with upscale finishes and appointments, an exciting suite of amenities and services and a location just steps from neighborhood cultural and nightlife attractions and convenient public transportation to Manhattan.

148First_pool room east SMALLLocated at 148 First Street, The Art House was designed by Fogarty Finger Architects and LWDMR & Associates to integrate modern design into the historic and arts-inspired fabric of the building’s Powerhouse Arts District location.  The building’s welcoming entrance leads to a contemporary, intimate lobby with a doorman to greet residents and guests.  Hotel-like amenities include a rooftop pool and sundeck offering dramatic views of the Manhattan skyline, a lounge, state-of-the-art fitness center, yoga room, kids’ room, party room and a bike storage room.

Design distinction extends to The Art House’s collection of well-appointed residences which feature studios priced from $2,375 and one bedrooms from $2,600 a month.  A select number of one- and two-bedroom garden residences with direct access from private terraces are also available, as well as top floor Penthouses. Three-bedroom residences are priced from $4,495 a month.    Immediate occupancy is available.

Stylish finishes include 5” wide wood plank floors, kitchens with Italian-made cabinets by Pedini, glass tile backsplashes and stainless steel appliances; lavish baths with porcelain tiles and Hansgrohe fixtures, and Bosch washers and dryers in every residence.

The Art House is located within the Powerhouse Arts District which provides access to an eclectic mix of coffee houses, bars and restaurants in Jersey City’s Restaurant Row.  The Art House is 10 minutes from downtown Manhattan via PATH trains and ferry. The Hudson Bergen Light Rail system offers rail service up and down the waterfront and into bordering neighborhoods.

For more information on The Art House, call (201) 332- 2449, or visit http://www.TheArtHouseJC.com.   JCity Realty is the exclusive leasing broker for The Art House.

New Look: Jersey City’s Art House

via Nikolai Fedak/ New York YIMBY

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A tipster submitted renderings of Jersey City’s Art House, located at 148 First Street, in the Powerhouse Arts District. The Shuster Group is developing, and Fogarty Finger is the project’s architect.

The Art House will have 119 units, and stands twelve stories tall; the building’s appearance is relatively simple, and the white-brick facade is interspersed with wood paneling. The envelope is flush with the street-wall, and the project is a positive infill development for a neighborhood that is rapidly growing.

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Besides the exterior, part of the lobby will be used as a creative space, which will serve as a gallery for local emerging artists. Per a recent press release, “Seventy percent of all sales proceeds will go directly to the artists, with 30% donated to the Jersey City Economic Development Corporation to help fund visual art classes.”

While Jersey City’s waterfront has been the primary beneficiary of the ongoing development boom, the Powerhouse Arts District also presents a major opportunity for growth. 148 First Street is one block south of the Hudson Exchange site, which will further improve the neighborhood, transforming acres of parking lots into a vibrant node.

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Completion of The Art House is imminent, and leasing is now underway; the rental project is expected to open this September.

The Shuster Group Grand Opens The Art House in Jersey City with a Gala Event that Heralds in a Fresh New Living Experience

The Art House SmallCommunity-Driven Celebration Signifies the Launch of The Art House, A New, 119-Unit Luxury Rental Building in Jersey City’s Powerhouse Arts District

JERSEY CITY, N.J. – The Shuster Group launched the leasing program for its new Art House luxury rental building in downtown Jersey City this week with a Grand Opening Gala that both supported the local arts community and showcased the developer’s commitment to creating a vibrant living experience that inspires social interaction.

Jersey City Mayor Steven Fulop, principals from The Shuster Group and local artists kicked off the event with a ribbon cutting ceremony celebrating the official opening of The Art House, a collection of 119 luxury rental residences and exceptional indoor and outdoor amenities — including a rooftop pool and sun deck offering spectacular views of the Manhattan skyline.  Located in Jersey City’s historic Powerhouse Arts District, The Art House embraces the unique fabric of the City while providing a fresh, modern and intimate living environment.  Initial occupancy is scheduled for September 1st, 2014.

The red carpet event, which attracted hundreds of guests from both sides of the river, was hosted in The Art House’s offsite leasing center and art gallery, a dramatic 3,800 square-foot space located at 109 Christopher Columbus Drive that features polished concrete floors, soaring ceiling heights and industrial-inspired interior design.  Following the ribbon cutting, attendees enjoyed assorted cocktails and passed hors d’oeuvres while viewing an art exhibition displaying the works of celebrated local artists.

The Art House Pool Small“This is an exciting day for us as we officially introduce The Art House to the Jersey City community,” said Eyal Shuster, Owner of The Shuster Group.  “One of our core philosophies is designing and developing properties that precisely fit their locale.  We believe we’ve done just that with The Art House which offers a stylish new boutique, 12-story building located in the Powerhouse Arts District.”

Mayor Fulop praised The Shuster Group for its commitment to Jersey City and welcomed the developer’s new luxury rental building to the City’s growing residential landscape.

“Jersey City is going through one of the great revitalization stories in the entire country, and if you think about what this City was two decades ago, there wasn’t much down here,” said Mayor Fulop.  “Over time and through investment and partnerships, that has really changed.  We’re doing it smartly and were doing it with partners like Eyal Shuster.  Eyal is invested in the community.  His family is here, he lives here, he believes in the community and he’s invested his time, resources and his intellectual and financial capital in Jersey City.  The turnout that you have here tonight really speaks to the appreciation that we all have for what he does here.”

Emphasizing his commitment to the community, Mr. Shuster also used the Grand Opening event to announce details of The Art Project, a collaboration of The Shuster Group, the Jersey City Economic Development Corporation and the City of Jersey City to promote local artists by displaying their creations in the Leasing Office/Art Gallery and selling the works of art to help inspire underserved youths through advanced visual arts courses. Seventy percent of all sales proceeds will go directly to the artists, with 30% donated to the Jersey City Economic Development Corporation to help fund visual art classes.  The rotating art exhibitions will eventually be displayed throughout The Art House.

“We believe in taking an active role in the communities in which we develop, live and raise our families in,” Mr. Shuster said.  “Jersey City is deeply rooted in the arts, and The Art Project will allow artists to showcase their extraordinary talents, and these classes will inspire a new generation of creative minds.”

The Art Project and the Grand Opening event also reflect The Shuster Group’s pledge to challenge the standard living experience with an energy-infused environment that will inspire resident social interaction and community spirit.

“Tonight’s opening celebration is representative of the type of sophisticated, fun-filled atmosphere we will establish for residents of The Art House,” said Leah (Pninit) Almog Arazi, Director of Marketing for Shuster Development, who organized the event.  “We will promote this lifestyle within the building through various efforts which, we believe, will create an appealing alternative for those looking for something truly special.”

Located at 148 First Street, The Art House was designed by Fogarty Finger Architects and LWDMR & Associates to blend modern design with upscale condo-level finishes and appointments and an exciting suite of amenities and services.  A welcoming entrance leads to a contemporary lobby with a 24-hour doorman to greet residents and guests.  Hotel-like amenities include a rooftop pool and sundeck offering dramatic views of the Manhattan skyline, a lounge, state-of-the-art fitness center, yoga room, kids’ room, party room and a bike storage room.

A collection of well-appointed residences has been designed for The Art House to meet a variety of needs, with studios priced from $2,045, one-bedrooms from $2,300 and two-bedroom-plus-office/three-bedroom residences from $4,995 a month.  Penthouse are also available.  Stylish finishes include 5” wide wood plank floors, kitchens with Italian-made cabinets by Pedini, glass tile backsplashes and stainless steel appliances; lavish baths with porcelain tiles and Hansgrohe fixtures, and Bosch washers and dryers in every residence.

The Art House is located within the Powerhouse Arts District which provides access to an eclectic mix of coffee houses, bars and restaurants.  The Art House is 10 minutes from downtown Manhattan via PATH trains and ferries. The Hudson Bergen Light Rail system offers rail service up and down the waterfront and into bordering neighborhoods.

COMMUTE FROM MANHATTAN/PUBLIC TRANSPORT

For more information on The Art House, call (201) 332- 2449, or visit http://www.TheArtHouseJC.com.  The building’s offsite leasing office is located at 109 Christopher Columbus Drive, Jersey City, NJ.