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Jersey City Officials Cut Ribbon on The One, Jersey City’s Newest Luxury Residential Tower

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Ceremony Features Unveiling of New 67-by-80-Foot Mural Celebrating City’s Artistic Culture

Ribbon Cutting the One
JERSEY CITY, N.J. (June 25, 2015) —  Mayor Steven M. Fulop and other Jersey City officials today joined representatives of BLDG, Ares Management, L.P. and Urban Development Partners to celebrate the grand opening of The One with a ribbon-cutting ceremony. The ribbon cutting marked the start of leasing at the new 36-story luxury residential tower in the heart of Jersey City’s burgeoning Powerhouse Arts District, as well as the unveiling of a 67-by-80-foot mural that reflects the city’s artistic culture and its connection with the surrounding architecture.
Cutting the Ribbon at the One
Developed by a joint-venture partnership of BLDG, Ares Management, L.P. and Urban Development Partners, The One offers a mix of 439 studio, one- and two-bedroom apartments.

“This building has an artistic and unique design that will both add to the city’s growing skyline and contribute to the exciting Powerhouse Arts District,” said Mayor Fulop.  “We look forward to welcoming the new residents who will live here and call Jersey City home.”

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REAL ESTATE- FHA Financing Brings Sales Success to Trump Plaza Residences Jersey City

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Upcoming FHA Guideline Changes and April Tax Credit Deadline Mean The Time To Buy Is Now

jc-trump-bldgJersey City, N.J. (Mar. 3, 2010) – Trump Plaza Residences has been able to place many buyers into their dream homes at the 55-story Jersey City luxury condominium tower due in large part to the property’s FHA (Federal Housing Administration) loan-compliant status under which the federal government insures private loans to qualifying borrowers.

FHA mortgage terms for New Jersey, differentiating from county to county, allow for loans up to $729,000. The majority of prospective buyers at Trump Plaza Residences are first-time homebuyers seeking homes in the $450,000 to $600,000 price range, therefore qualifying for FHA financing. FHA loans have no income limits, allow for less-than-perfect credit histories and allow buyers to put down as little as 3.5 percent, compared to 10 to 20 percent for a conventional mortgage. Continue reading REAL ESTATE- FHA Financing Brings Sales Success to Trump Plaza Residences Jersey City →