New Jersey

Veris Residential Completes Lease-Up of 750-Unit Haus25 in Jersey City

by Kari Lloyd February 23, 2023

JERSEY CITY, N.J. — Veris Residential, the development and investment firm formerly known as Mack-Cali Corp., has completed the lease-up of Haus25, a 750-unit, 56-story tower in the downtown area of Jersey City. Haus25 offers studio, one-, two- and three-bedroom floor plans. Amenities include a pool, indoor and outdoor fitness areas, amphitheater, bowling alley, karaoke lounge, game room, golf simulator, pet spa and dog run. When leasing began in spring 2022, monthly rents for a studio apartment started in the low $3000s. The 56-story building is now approximately 93 percent …

February 23, 2023

New Jersey News Northeast Operations

The Monocle Group Selects Greystar for Management of 210 Main

by Kari Lloyd February 20, 2023

HACKENSACK, N.J. — The Monocle Group has selected Greystar Real Estate Partners LLC, as property manager of 210 Main, a two-building, 126-unit property in downtown Hackensack. Formerly a historic bank building and one of Hackensack’s first architectural landmarks, 210 Main was converted to apartments in 2021. The community consists of the 11-story, 89-unit building at 210 Main St. and the interconnected four-story, 37-unit building at 214 Main St. Amenities include a 24-hour fitness center, concierge, outdoor lounge with barbecue grills and fire pits, rentable event lounge, community laundry room and …

February 20, 2023

Finance New Jersey News Northeast

Fields Grade, Park Stone Management Secure $37 Million to Refinance Property in Jersey City, New Jersey

by Kari Lloyd February 17, 2023

JERSEY CITY, N.J. — Development partners Park Stone Management and Fields Grade Development Company received a $37 million-dollar permanent loan to refinance Le Léo, a 99-unit luxury rental building in Jersey City’s Journal Square. Mark DeLillo and Marc Schulder of Blue Gate Partners arranged the loan provided by Lakeland Bank. Located at 244 St. Paul’s Ave., the six-story building is currently 88 percent leased and occupied. Property amenities include a fitness center, yoga studio, coworking space with conference room, outdoor rooftop terrace with barbecues, sun loungers and firepits. The property …

February 17, 2023

Development New Jersey News Northeast

Hampshire Cos. to Develop 70-Unit Property in Allendale, New Jersey

by Kari Lloyd February 13, 2023

ALLENDALE, N.J. — The Hampshire Cos. a New Jersey-based real estate and development firm, will develop a 70-unit community in Allendale. he 104,620-square-foot property is located at 220 W. Crescent St. and is scheduled to be completed in the second quarter of 2024. The property will also feature a clubroom, storage, lounge, and a 9,460-square-foot courtyard. Designed by DMR Architects, nine of the units will be subject to income restrictions including six Council on Affordable Housing (COAH) units designated for first responders.

February 13, 2023

Leasing & Marketing New Jersey News Northeast

Accurate Begins Leasing 105-Unit Property in Bound Brook, New Jersey

by Kari Lloyd February 6, 2023

BOUND BROOK, N.J. — Accurate has begun leasing Citizen Bound Brook, a 105-unit property located in Bound Brook, New Jersey. The development was designed by Jarmel Kizel Architects & Engineers. The property offers studio, one- and two-bedroom units with stainless steel appliances, quartz countertops and tile backsplashes. Resident amenities include a clubroom, fitness center and a landscaped terrace. The building also houses 5,000 square feet of street-level retail space. Rents start at approximately $1,600 per month for a studio.

February 6, 2023

Development New Jersey News Northeast

Partnership to Develop 498-Unit Project in Parsippany, New Jersey

by Kari Lloyd February 6, 2023

PARSIPPANY, N.J. — A partnership between Los Angeles-based PCCP LLC, Claremont Development and Stanbery Development will build The District at 1515, a 498-unit project in the Northern New Jersey community of Parsippany. Residential amenities will include a pool, fitness center, lounge area, conference center and a pet spa. The four-building development will include 58,866 square feet of retail space that will be marketed to a mix of full-service and fast-casual restaurants, as well as fitness users and soft goods merchandisers. Completion is slated for early 2025.

February 6, 2023

Development New Jersey News Northeast

Diversified Properties Acquires Land in Jefferson, New Jersey, for Multifamily Project

by Channing Hamilton January 27, 2023

JEFFERSON, N.J. — Locally based developer Diversified Properties has acquired two lots totaling 9.8 acres in the Northern New Jersey community of Jefferson for the construction of a new multifamily project. Phase I of the project, which will be known as Jefferson Place, will total 32 units. Residences will be available in one- and two-bedroom floor plans and will range in size from 855 to 1,216 square feet. Amenities will include a fitness center, and an outdoor lounge with grilling and dining stations. Details of Phase II were not disclosed. …

January 27, 2023

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