Ceremony Features Unveiling of New 67-by-80-Foot Mural Celebrating Cityâ€s Artistic Culture

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 Cityâ€s burgeoning Powerhouse Arts District, as well as the unveiling of a 67-by-80-foot mural that reflects the cityâ€s artistic culture and its connection with the surrounding architecture.

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 cityâ€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.”

Located at 110 First Street, the building boasts an extensive array of lifestyle amenities for residents. Indoor amenities include a world-class fitness center with its own yoga studio, media theater room, childrenâ€s playroom, gaming room, virtual golf, residents†lounge with catering kitchen and billiards, and additional storage space. Outside, residents will enjoy a pool with private cabanas and an expansive landscaped sun deck, picnic and lawn area, barbecues and fire pit. Additionally, a sky lounge with kitchen and adjacent roof deck will provide residents with a perfect place for entertaining guests.

“Todayâ€s population of luxury renters seeks to lease not just a residence, but a full lifestyle,” said Lloyd Goldman, BLDG Principal. “As a result, there is strong demand for high-end amenities and common spaces that go beyond appliances and finishes. With this in mind, weâ€ve created a lifestyle experience unlike anything else in Jersey City.”

Created by artist Jeff Quinn and produced by combining a hand-painted technique with scanned materials, the mural depicts a mix of elements including a landscape and sky inspired by the 19th century Hudson River School art movement, and a depiction of the numeral “One” sitting amidst a foreground composed of photographic images of the current Jersey City skyline.

A professional artist with 25 years of experience, Quinn sought to create a work that suggests “the romantic history of the area and the feel of a fine art painting.” He also aimed to infuse the image with a “warm glow” that will make it appealing in all seasons.

“I want the mural to represent The One as it becomes an iconic part of the neighboring cityscape,” Quinn said. “The connection between art and architecture is frequently overlooked, thus the chance to work on this project was an amazing opportunity. I think Jersey City is poised to see a lot of new interesting art, design and architecture. My hope is that the mural will highlight Jersey City as a community that is open-armed to artists, designers, and creators alike.”

With leasing now underway at The One, residents will benefit from the presence of an on-site parking garage, bike storage, as well as a 24-hour attended lobby.

For commuters, The One is just a short walk from Jersey Cityâ€s Grove Street, Pavonia/Newport and Exchange Place PATH stations. The Light Rail stop is conveniently located right outside of the building, which is also just a short drive to the Holland Tunnel.

For more information about residential or retail leasing opportunities, visit TheOneNJ.com and follow @TheOneNJ on social media.

About BLDG Management
BLDG Management is a privately owned, multigenerational, full-service real estate company.  BLDG and its affiliates build, manage, own and operate rental properties throughout the United States. With its headquarters and over 400 employees in New York City, BLDG manages several hundred properties in the region. The ownership and employees of BLDG take great pride in maintaining their properties to a higher standard of excellence, which provides it tenants — both residential and commercial — with a better rental experience. BLDG’s properties are known to have superior levels of service, amenities, cleanliness, personal attention and tenant retention.

About Ares Management
Ares is a publicly traded, leading global alternative asset manager with approximately $87 billion of assets under management as of March 31, 2015 and more than 15 offices in the United States, Europe and Asia. Since its inception in 1997, Ares has adhered to a disciplined investment philosophy that focuses on delivering strong risk-adjusted investment returns throughout market cycles. Ares believes each of its four distinct but complementary investment groups in Tradable Credit, Direct Lending, Private Equity and Real Estate is a market leader based on assets under management and investment performance. Ares was built upon the fundamental principle that each group benefits from being part of the greater whole.

About Urban Development Partners
Urban Development Partners is a fully integrated real estate development company focused on large scale, mixed-use, urban developments. Each project at Urban Development Partners benefits from more than 25 years of experience in planning, design and construction of residential, commercial, hospitality and retail projects. The breadth of experience within the firm allows Urban Development Partners to stay highly involved from deal sourcing and acquisition to project conception through pre-development, financing, construction and occupancy. Urban Development Partners also offers a complete scope of development services for acquisitions, distressed asset evaluations and asset management.

About The Marketing Directors
The Marketing Directors is a development advisory and master property marketing and sales force that works exclusively on behalf of owners and builders of new homes. Headquartered in New York, with offices and sales teams active around North America, The Marketing Directors is known for its success in selling and leasing homes at prices that help its clients achieve their goals for each development. In its 30+ year history, The Marketing Directors has helped its clients successfully sell-out more than 1,000 new developments across the country – more than any other marketing firm. It is headed by founder Adrienne Albert and Jacqueline Urgo.

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