CANCOlofts Condominium In Jersey City Celebrates Groundbreaking For CANCOpark

Photo by Jersey City officials join with representatives of CANCOlofts, the industrial-to-residential conversion of the historic American Can Company factory, at the groundbreaking ceremony for CANCOpark, a lush, 15,000-square-foot green space that will be open to the public.

Park Will Be Built For Use By Residents And Community


JERSEY CITY, N.J.  – CANCOlofts, an industrial-to-residential condominium loft building in Jersey City, celebrated the groundbreaking on Sept. 10 for CANCOpark, a public park that is being constructed across the street from CANCOlofts, at 50 Dey Street.

 CANCOpark, which will offer 15,000 square feet of green space, landscaping, seating and a walking path, is expected to be complete by the end of October. The park will be open for the enjoyment of CANCOlofts residents as well as residents of the neighborhood, contributing to the already appealing lifestyle of the unique property, formerly the American Can Co.


 “CANCOpark is a wonderful gift to Jersey City and a much-anticipated amenity for our residents,” said Jodi Stasse, director of marketing and sales at CANCOlofts. “It will be especially loved by those homeowners who don’t have their own private terraces. What can be more perfect than having a restful open green space right across the street from your home?”

About 50 were in attendance for the morning event, including Jersey City Mayor Jerramiah T. Healy; Economic Development Corp. Director Dan Frohwirth; Department of Housing Economic Development and Commerce Director Carl S. Czaplicki; Stewart Osborne and Edward Baquero, representatives of the developer; in addition to sales associates, construction team members, residents and neighborhood business representatives.

Addressing these guests, Mayor Healy spoke about the vital role that CANCOlofts has played in revitalizing the former industrial neighborhood on the city’s west side and congratulated the CANCOlofts’ team on their achievement. Then he joined the ceremony’s participants in plunging their shovels into the ground and pitching out a small amount of dirt, symbolizing the official commencement of the park’s construction.

“CANCOpark will not only serve as an amenity to the residents of CANCOlofts – its green spaces will be open to all residents of Jersey City,” said Mayor Healy, who has been a strong supporter of the project since its inception.

Among those in attendance were a number of residents, who were delighted to see the park coming to fruition.

“This beautiful park will not only enhance the streetscape, but it will bring the Jersey City community to CANCOlofts, helping to foster social connections among the residents of the neighborhood, as well as serving as a peaceful neighborhood sanctuary,” said Michael Hirsch and Debbie Bennett, residents at CANCOlofts since early 2009, “We look forward to spending a lot of time at the park, as do all the residents here. It will also be a pleasure to share the space with our neighbors.”


CANCOlofts has announced that there is a limited opportunity to purchase the remaining homes in the CANCOparkview collection, which will overlook the park. The CANCOparkview collection includes two-bedroom, two-bathroom lofts, as well as one-, two- and three-bedroom penthouses ranging in size from 1,200 to 1,646 square feet.


In addition to the CANCOparkview collection, CANCOlofts offers one-bedroom homes starting in the low $300,000s, as well as “one bedroom plus” homes, the most popular design, which includes an area that many buyers use as an office, starting in the low $400,000s. A limited number of two-bedrooms are available starting in the mid-$400,000s.


All of the lofts feature oversized windows ranging in height from 11 to 14 feet that let in an abundance of light, and all have at least one column structure, some in the mushroom capped style on view in the building’s public spaces. Also included in all CANCOlofts’ homes are wide-plank white oak flooring, glass tile accents in the kitchens and bathrooms, engineered stone countertops and gleaming white-lacquered custom cabinetry.


CANCOlofts offers more than 10,000 square feet of luxury amenities, including CANCOchill, a resident’s lounge with billiard tables, card table, large-screen TVs, seating areas and a large service bar; and CANCOparty, a rentable space for private parties. Health and fitness facilities include CANCOsweat, a fitness center; CANCOpow, a boxing area; CANCOstretch, a floor exercise and yoga area; and CANCOhoops, a half basketball court.


Additional areas for work and amusement are CANCObiz, a business center; CANCOkids, a children’s play area; CANCOfun, a table game area; CANCOflicks, a movie theater equipped with surround sound, a 10-foot projection screen, reclining seats and an extensive collection of movies; CANCOpooch, an outdoor dog run adjoining an indoor pet spa; as well as outdoor picnic and sundeck areas CANCOgreen, CANCOgrill and CANCOrays.


Residents also have the convenience of other on-site amenities including a 24/7 concierge service and Zeytinia Gourmet Market, a unique combination of fresh country market, gourmet shop, informal eatery, coffee bar and food-bar take-out that allows CANCOlofts residents to shop within the building. Zeytinia, which also serves the surrounding neighborhood, features an internal building entrance for residents only.


Convenience is another factor that makes this property a top choice for prospective purchasers. For those seeking an easy commute to Manhattan, CANCOlofts offers immediate access to public transportation via a morning and evening shuttle service to and from the nearby Journal Square PATH station. In addition, the building is close to Interstate highways.



CANCOlofts’ Wells Fargo mortgage specialists are available on site every Saturday and Sunday to provide financial guidance on current mortgage rates and financing programs. The building has been approved by the FHA (Federal Housing Administration) and Fannie Mae, which means that qualified buyers can obtain mortgages with lower down payments and lower interest rates than are available through conventional mortgages. As well, CANCOlofts has been awarded a 30-year tax abatement, which translates to lower property taxes for residents.


For more information, visit the website at, call the sales center at 201-876-8686 or e-mail [email protected]. The on-site sales center, located at 50 Dey St. in Jersey City, is open seven days a week from 11 a.m. to 6 p.m. Morning and evening hours are available by appointment.


About CANCOlofts


CANCOlofts is the dynamic industrial conversion and redevelopment of the former American Can Company factory, an industrial landmark that was the birthplace of the tab-topped beer can, into 202 single-floor and duplex-penthouse lofts. Located at 50 Dey St. in Jersey City, N.J., this architectural treasure now offers a chic, contemporary lifestyle complete with 10,000 square feet of luxurious amenities and indoor parking. For more information, visit the website at or drop by the sales office at 50 Dey St. Sales office hours are 11 a.m. to 6 p.m. seven days a week. For an appointment, please call 201-876-8686 or e-mail [email protected].


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