ELIZABETH, N.J. — LeCesse Development Corp. and MAS Development Group have begun construction of ECCO in Elizabeth. The project marks the second phase of Vintage City, which is a developer-branded live-work-play district anchored thus far by two multifamily properties from LeCesse and MAS. JLL arranged approximately $83.4 million in financing for the project in the form of a $63.2 million construction loan from Bank OZK and a $20.2 million mezzanine placement from PGIM.
Phase I, known as Vinty, is a 267-unit property that was completed in 2022. ECCO, located at 250 Union St. about a block from Vinty, is slated for completion in late 2027 and will include 258 studio, one- and two-bedroom units. Amenities include a fitness center, game room and wet bar, a golf simulator, coworking space, a resort-style pool, an outdoor theater and more. The architect for the project is Baker Barrios out of Tampa, Florida. The general contractor is March Associates based in Wayne, New Jersey. The civil engineer is Lyndhurst, New Jersey-based Neglia Group.