Jersey City, N.J. (June 29, 2010) – When Nitin Kumar was searching in Manhattan and Jersey City, N.J., for a new condominium for himself, his wife and their infant daughter, he had one major requirement: he wanted the commute to be what he termed “a non-issue.”
Kumar, 33, found that — and much more — at Trump Plaza Residences Jersey City where the walk to the PATH Exchange Place station is two to three minutes and the ride to the World Trade Center stop is all of 45 seconds. Even the commute to Midtown, where his wife, Lakshmi, 30, works, is easier than from downtown Manhattan: a five-minute walk to the PATH Grove Street Station and a 15-minute ride to 33rd Street.
An added bonus of buying at Trump for the Kumars was the increased purchasing power that comes with buying in Jersey City rather than Manhattan, as well as the fact that the 55-story tower offers one advantage Manhattan will never have: stunning views of the New York skyline. As the tallest residential tower in Jersey City, Trump Plaza Residences offers panoramic views stretching from the Verrazano Narrows to the George Washington Bridges.
“We have views of the Statue of Liberty and New York Harbor in one direction and the west side of the Manhattan skyline in the other,” Kumar said. “These kinds of views are something that you can only get on the west side of the Hudson.”
As for Kumar’s main concern, the commute, he recognizes that although other residential buildings in Jersey City, including the rental building where he formerly lived, may offer similar commutes — and even a similar amount of space for the price — none can offer the twin benefits of buying in a building that is managed by the Trump Organization: the Trump brand and the famed Trump white-glove services and facilities.
As a shrewd investor Kumar also recognized that although the recent downturn in the real estate market has affected new construction across the board, it is the luxury brands — be it in real estate, automobiles or consumer products — that will climb in value the most quickly when the economy comes back and that are the most likely to retain their higher values once the economy reshapes itself.
“When the economy rebounds, ABC Building will just be another address in Jersey City, but Trump will be Trump again,” said Kumar, who is chief executive officer of a global multinational corporation that handles information risk management. “Whether I stay or I sell, I figure that Trump’s world-class brand offers added value that I wouldn’t get in any other building.”
The Kumars, who moved into a two-bedroom condominium on the 17th floor two months ago with their infant daughter, Anya, after a search that lasted a year and a half, is especially enamored of the more than 40,000 square feet of Trump Organization-managed luxury amenities on the seventh floor of his new home, which he likes to refer to as an extension of his condominium.
Because he works out of his home when he isn’t in hotels, on airplanes or with clients, Kumar makes frequent use of the building’s business center, which offers a change of pace from the home office in his condominium. And for relaxation he loves the building’s “aqua grotto,” a Roman-style whirlpool bath; the sauna; the billiards room, with two championship billiard tables; and the classes in the fitness center.
In addition, the family plans to make use of the public amenities spaces for gatherings. “I love the concept of a ‘house’ below where we can entertain,” he said.
The luxury high-rise, which was completed in 2008, has 443 residences, of which more than half are sold and occupied. The building’s amenities are comparable to those of the world’s grandest hotels, and include a screening room; a dining hall with a full catering kitchen; the billiard and game room; various sitting areas and lounges; the Roman-style aqua grotto; a golf simulation room; a heated outdoor pool with cabanas; a children’s play room; a children’s tot lot; a large landscaped lawn area; an in-house spa including massage rooms, locker rooms and saunas; the Internet accessible business center; and a grand glass-enclosed fitness center.
The building offers one- and two-bedroom homes ranging in size up to 1,450 square feet. Prices for the one-bedroom homes start in the mid-$400,000s, while prices for the two-bedroom homes start in the mid-$600,000s. Three-bedroom homes and penthouses are available but are in limited supply, with pricing available upon request. The property is the beneficiary of a 20-year tax abatement, which helps residents save on real estate taxes. FHA financing is also available, offering reduced interest rates and low down payments.
Adding to Trump Plaza Residences’ appeal is the fact that it is undergoing a dramatic enhancement of the public spaces. The revitalization of the already-swank building by celebrity interior designer Benjamin Noriega-Ortiz of Manhattan-based BNOdesign includes a grander entrance that creates a sense of arrival for residents and guests and the enhancement of the impressive amenities with a new design for the outdoor spaces that maximizes the full potential of the pool, cabanas and lawn areas.
“The re-imagining of the exterior amenities sets Trump Plaza Residences apart from Jersey City’s other waterfront properties by making it more comfortable, sensual and welcoming while retaining the signature Trump prestige and allure,” said Jodi Stasse, who heads the sales team. “Through the vision of Benjamin Noriega-Ortiz, which incorporates jewel-toned colors, opulent draperies and plush furnishings, the building now has the relaxed-yet-luxurious feeling of a hip urban mansion.”
For more information on Trump Plaza Residences Jersey City, please contact the on-site sales and marketing team at (888) 263-7003, email: firstname.lastname@example.org or go online at www.trumpplazaresidences.com
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About Trump Plaza Residences Jersey City
Trump Plaza Residences Jersey City is a full-service luxury high-rise condominium located at 88 Morgan St. in Jersey City, N.J. It is the tallest residential tower in the state of New Jersey reaching soaring heights of 55 stories with panoramic views of the Hudson River, Statue of Liberty and New York City skyline. Completed in 2008 with a total of 443 residences, the homes at this exquisite property all feature interior finishes of refined and contemporary design elements. Additionally, there are more than 40,000 square feet of amenities, managed by The Trump Corporation, which include such luxurious conveniences as a screening room, dining hall with catering kitchen, game rooms, sitting areas and lounges, heated outdoor rooftop pool with cabanas, in-house spa including massage, locker rooms and saunas, business facility, fitness center and indoor and outdoor children’s play areas. For more information, please visit the Web site at www.trumpplazaresidences.com