Most Affordable Housing of Any Private Mixed-income Community This Size in the Country

— Mayor Steven M. Fulop, the Jersey City Redevelopment Agency (JCRA), and City Council Members joined Bayfront Development Partners, LLC — a joint venture between Pennrose LLC and Paths — to officially break ground today on the first building in the long-anticipated Bayfront Redevelopment Project on May 14, 2025, marking a historic milestone in Jersey City’s largest mixed-income community initiative to date.

Located on the Hackensack River Waterfront, the six-story Bayfront Promenade building will feature 210 residential units, of which 167 units are set aside for low- and moderate-income households:

• 74 affordable units designated for low-income families earning 60% or below AMI.
• 93 workforce units designated for moderate-income families earning at or below 120% AMI.
• 80% of affordable and workforce units in total at Bayfront Promenade.

The post FULL ARTICLE- Jersey City Breaks Ground on Historic Redevelopment Project with 80% Affordable & Workforce Housing first appeared on River View Observer.

Most Affordable Housing of Any Private Mixed-income Community This Size in the Country

Jersey City Mayor Steven M. Fulop joins state and local officials to officially break ground on the first building in the long-anticipated Bayfront Redevelopment Project on May 14, 2025, marking a historic milestone in Jersey City’s largest mixed-income community initiative to date.

80% of the units will be dedicated to affordable and workforce housing.

With the Fulop Administration’s stringent affordable housing requirements throughout the entire project, Bayfront will provide the most affordable housing of any private mixed-income community of this size in the country.

    10:30 a.m. on Wednesday, May 14, 2025

 Bayfront Redevelopment Site

Kellogg Street & Society Hill Dr. N

Jersey City, NJ

 Mayor Steven Fulop, City Council Members, NJ Economic Development Authority, NJ Housing and Mortgage Finance Agency, Jersey City Redevelopment Agency, Pennrose LLC, PATHS Development LLC, Jersey City Together, Bayfront Avisory Committee, Building Trades

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Mayor Fulop Joins Fields Development Group to Cut Ribbon  for Lenox  New Luxury Residential Building in Jersey Cityâ€s Paulus Hook Neighborhood

Leasing is Underway for Luxury Towerâ€s 255 Residences

 JERSEY CITY, N.J. (Nov. 13, 2017) â€” Mayor Steven M. Fulop and other Jersey City officials joined representatives of Fields Development Group yesterday to celebrate the grand opening of Lenox with a ribbon-cutting ceremony. The event marked the start of leasing at the new 15-story tower, which is the only new luxury residential development in Jersey Cityâ€s Paulus Hook neighborhood.

Located at 207 Van Vorst Street, Lenox comprises 255 studio, one-, two- and three-bedroom homes that are complimented by a thoughtfully-curated collection of high-end amenities rarely found in the Jersey City market, as well as more than 7,200 square feet of ground-floor retail space.

The buildingâ€s modest but polished architecture that was imagined by Hoboken-based firm Marchetto Higgins Stieve to fit seamlessly into Paulus Hookâ€s existing landscape.

“As someone who lived in Paulus Hook for quite some time, itâ€s really terrific to see the changes that are happening, and the role that Fields is playing in the neighborhoodâ€s evolution,” Mayor Fulop said. “Itâ€s also been great to see the growth that Fields has experienced in recent years. Itâ€s been inspiring to watch the company grow its business here, while employing Jersey City residents, and making a true difference in the community.”

The Fogarty Finger-designed residence interiors at Lenox are infused with high-end, aesthetically pleasing features and finishes that contribute to ease of living. The apartments, which range in size from approximately 430 to 1,530 square feet, feature spacious living areas with designer flooring, and stylish kitchens equipped with stainless steel appliances and fixtures, quartz countertops and sleek, modern cabinetry. Every residence features a washer and dryer, pendant lighting, and walk-in closets, and select residences feature private terraces.

The community offers a robust amenity package that includes a rooftop pool, 24/7 doorman and concierge, automated parking garage, Amazon Hub electronic package storage system, and a grand lobby that is activated with lounge areas, game rooms, and a café. Residents will also enjoy a fitness center with spin and yoga rooms and TRX equipment; electric car-charging stations; a dog run; common area washers and dryers for commercial style laundry; and Wi-Fi throughout all common spaces.

“Weâ€re extremely excited to celebrate the opening of Lenox, which is a true game changer for renters who want to live in one of Jersey Cityâ€s most desirable neighborhoods, and are looking for more space and an amenity package that will enhance their lifestyle,” said James Caulfield, co-founder and partner of Fields Development Group. “In developing the building, we paid extreme attention to detail to ensure it exceeds high expectations of the modern renter. While the Jersey City luxury rental market is extremely competitive, we can confidently say that Lenox is a cut above any other building in the city.”

Located at the southern end of Jersey Cityâ€s Hudson waterfront, Paulus Hook provides residents with the best of both worlds. Primarily made up of brownstones and low-rise buildings that reflect its history and unique character, the neighborhood offers a serene environment, while its proximity to Newark Avenue, the Grove Street PATH, and adjacent neighborhoods such as Exchange Place, the Powerhouse Arts District and Liberty Harbor allows for some of the cityâ€s best access to the PATH, light rail, ferry, shopping, dining and nightlife.

Prior to Lenox, the most recent new construction in the neighborhood was also developed by Fields. In 2012, the company opened Madox, a 131-unit building that reflected a strong demand for next-level amenities that were rare in Jersey City at the time. 

“Through both our development and construction companies, Fields is heavily invested Jersey City,” said Robert Caulfield, co-founder and partner of Fields Development Group. “Itâ€s been a pleasure working with the current administration to bring Lenox to life, and we look forward to working together going forward as part of our long-term commitment to this remarkable city.”

Bozzuto Management Company oversees property management for Lenox. To schedule a private tour, visit www.lenoxnj.com.

About Fields Development Group

Known for its uncompromising commitment to quality and attention to detail, Fields Development Group is a Hoboken, N.J.-based developer of luxury multifamily communities that combine urban accessibility with cutting-edge amenities and design. Founded by brothers Robert and James Caulfield, Fields has a track record of high-quality ownership and management in Jersey City and other key markets throughout the Northeast. For more information, visit www.fieldsdevelopment.com.

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EXCEPTIONAL OPPORTUNITY IN BERGEN POINT 

Located in Bayonne, this two story masonry building on approximate 50′ x 100′ lot with plenty of potential!

Previously approved for residential development-same maybe possible with municipal approvals

Asking $649,900

Call Annette Rubin for more details and appointment to see 

201-424-1182

            Exit Realty on the Hudson 867 Broadway (Bet. 40th & 41Sts.)

201-437-0411

www.exitonthehudsonrealty.com

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Ground-Breaking:  City officials joined members of Madison Hill Properties and their architect for a ground-breaking ceremony at 222 Avenue E.  Pictured from left to right: Mayor Jimmy Davis, Sam Kazarnovsky (Madison Hill), Ralph Mandelbaum (Madison Hill), Tzvi Goder (Madison Hill), Dean Marchetto (architect), City Council President Sharon Ashe Nadrowski, City Council Member At-Large Juan Perez, and Second Ward Council Member Sal Gullace.

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In a milestone quarter, prices for one to four family dwellings in

Downtown Jersey City eclipsed those of Hoboken for the first time since 1996 when MLS data launched.

While 1-4 family home prices in Hoboken and Downtown Jersey City softened from Q4 2016, Hobokenâ€s fall was far more drastic. The median house price of 1-4 family homes in Downtown Jersey City continued to strengthen compared to the same quarter last year, up 10% to $1.40 million. Hoboken exhibited further weakness, with the median house price of 1-4 family homes down -17% since the first quarter of 2016 to $1.31 million – below Downtown for the first time in 19 years. The highest 1-4 family sale for the quarter was a single-family townhouse on Hudson Street in Hoboken for $2.425 million, substantially below both the list price of $2.95 million and the highest sale last quarter.

Condominium sales prices in Downtown Jersey City have strengthened enormously since last quarter (+5%) and year over year (+12%). Hobokenâ€s condominium market has remained effectively flat over the quarter (-1%) and has only inched upwards over the year (+3%). The highest condominium sale, a condo on Washington Street in Hoboken, surpassed the highest 1-4 family sale this quarter trading for $2.499 million or around $923 per square foot.

To read the entire report click below 

South Hudson County Q1 Market Report 

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NJ REALTORS® Circle of Excellence Sales Award

  At a dinner dance held January 28^th at The Venetian in Garfield, NJ, the Liberty Board of Realtors honored the areaâ€s top producing Real Estate professionals for the 2016 production year. These individuals are selected to receive the Circle of Excellence Sales  Award based on successful completion of a minimum number of transactions that generate qualifying dollar levels of sales.  EXIT On The Hudson Realty of Bayonne is pleased and proud to announce that eight members of their sales staff have received that honor (In alphabetical order) :

Chun “Wilson” Cheng, Esteban Estevez, Disheng “Dee” Huang, Anita Jakubowski, Carmella Laudando, Kathlene Meadows, Rumbidzayi “Rumbi” Padzarondora and Annette Rubin. 

     This is the first year that the company had this many award winners. Annette Rubin, franchise owner and Broker of Record of EXIT On The Hudson Realty said, “ I am extremely proud of my staff for both their individual and collective hard work. This is no small achievement.”  Mrs. Rubin attributed the success to several factors. “Foremost is the company culture we operate with. We donâ€t compete against each other – our goal is to work together for the best interest of our clients, You seldom achieve success in this industry without putting the client first.”  She also stressed that skill-set training and continuing education of the agents are high priorities in her office. “Staying informed of programs for financing options, what the inventory has to offer, and how best to negotiate are all key pieces of the process. These agents each have years of experience and great people skills! ”

For more information about the office, the staff, or for questions about your Real Estate needs and goals, please call EXIT On The Hudson Realty directly at 201-437-0411 or visit their new, larger office at 867 Broadway, between 40^th and 41^st Streets in Bayonne. EXIT On The Hudson Realty serves all of New Jersey for Residential, and Commercial Real Estate, both sales and rentals.  

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