Historic Condominium Conversion to be Honored During May 27 Ceremony

 

Given to outstanding examples of restoration or adaptive reuse of a historic building, the Excellence in Preservation award is being bestowed upon The Residences at Dixon Mills for Elmsford, NY-based developer Robert Martin Company’s restoration of the former Dixon Ticonderoga furnace houses into luxury condominiums and a comprehensive lifestyle amenities facility.

“More than 150 years ago, entrepreneur Joseph Dixon moved his growing business to downtown Jersey City, where he manufactured several products, the most famous of which is the yellow Dixon Ticonderoga pencil. Today, with their original architectural details, period brickwork and wrought-iron railings restored, those same Romanesque Revival-style buildings continue to be a fixture of downtown Jersey City,” stated Tim Jones, principal of Robert Martin Company. “We are extremely honored to receive this award from the Jersey City Landmarks Conservancy, and to be acknowledged for the work we have done in breathing new life into this important Landmark of New Jersey’s industrial past.”

The Conservancy will hold its ceremony from 6 to 9 p.m. on Thursday, May 27 at the Landmark Loews Theater at 54 Journal Square in Jersey City. Tours of the theatre will be provided following the awards ceremony.

The five buildings that comprise Dixon Mills were converted from a factory into rental apartments in the 1980’s. Robert Martin Company subsequently purchased the property in 2007 and developed the community into 467 luxury condominiums and a lifestyle center converted from the development’s historic Powerhouse building.

“The unique historic charm of this community is one of the primary reasons we have been so successful in our sales efforts, having sold and closed more residences over the past year than any other condominium community in Jersey City,” stated Jones.

Surrounded by cobblestone-style streets and landscaped courtyards adorned with rows of turn-of-the-century streetlamps and flowerboxes, The Residences at Dixon Mills combines bygone-era charm with a sense of urban sophistication.

The community is located just three blocks from the nearby Grove Street PATH station, offering direct access to Wall Street or Midtown, as well as the neighborhood’s many retailers, restaurants and cultural and entertainment venues. As part of the community’s amenities package, Dixon Mills offers residents a shuttle bus that takes them from their door to the PATH station.

Last year, the community opened The Club at Dixon Mills, a premier amenities space exclusive to Dixon Mills’ residents and featuring a state-of-the-art fitness center, screening room, spacious locker rooms, a yoga/movement room, community lounge with large projection television, WiFi area, media room and indoor multi-purpose recreational court.

Studios, as well as one-, two- and three-bedroom condominium residences are available from the low $200,000s. Duplexes and triplexes are also available, as are over 100 penthouses. Many of the residences feature oversized windows and ceilings that range in height from nine feet to 12 feet.

For more information about The Residences at Dixon Mills, please call the Sales Office at 201-309-1004 or visit www.dixonmillsjc.com.

About Robert Martin Company
Founded in 1957, Robert Martin Co. has a long, distinguished history in real estate. The company and its partners have developed and acquired over 20 million square feet of property and its holdings presently include over two million square feet of office space and hundreds of acres of developable land. Widely regarded as a pioneer in office park development and mixed-use urban renewal projects, the real estate and investment firm has expanded from its home base in the New York metropolitan region into California and Florida, where it has recently partnered to buy over 600 hundred acres of land, approximately 2,500 apartments and a large mixed-use project in Miami, Florida. For more information on Robert Martin Co. visit www.robertmartincompany.com

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Qualified Buyers Able to Take Advantage of 3.5 Percent Down Payment

 Since opening, The Residences at Dixon Mills has successfully outperformed the local marketplace as the fastest-selling condominium in Jersey City. Now, with the announcement that the community has available Federal Housing Administration (FHA) financing, which requires only a 3.5 percent down payment, first-time homebuyers are finding that Dixon Mills also represents the best option to own a one-of-a-kind luxury home at an enhanced value.

 “The latest addition of FHA financing to the existing incentives we have available has already paid dividends and is attracting many new buyers to The Residences at Dixon Mills,” said Greg Berger, principal of Elmsford N.Y.-based Robert Martin Company, developer for The Residences at Dixon Mills. “We signed eight contracts in the first three weeks of March alone and the availability of FHA financing  has stimulated that achievement.”

 Berger added: “Having FHA financing, along with the limited-time $8,000 first-time buyer tax credit and one year of free maintenance being offered at the community has afforded Dixon Mills a notable advantage for savvy buyers.”

 FHA financing allows buyers that qualify to put a mere 3.5 percent down on their new home, as opposed to the 10 to 30 percent buyers would have to put down with conventional loans. FHA mortgage terms also allow the buyer to incorporate closing costs into the mortgage, instead of having the burden of paying these costs upfront.

 “If FHA financing wasn’t available, I wouldn’t have been able to purchase a home right now,” stated David J. Burks, a recent buyer of a one-bedroom home at The Residences at Dixon Mills. “The real estate market is open right now, however, for most people, finances are tough. Knowing that prices will rise makes now the perfect time to buy, and FHA allows those that are looking to be active in the market, but don’t have the necessary down payment, to get into it. I’m excited I had the opportunity to purchase a fantastic condominium in a luxury community.”

 Burks, who will be making a move to the Jersey City community from the Upper East Side in Manhattan in April, added, “A big selling point for me with Dixon Mills were the facilities – they are just fantastic. My fiancé and I were able to drop our expensive gym memberships because we have access to the community’s indoor basketball courts, sauna, gym and the various classes it offers, allowing us to save on our monthly bills.”

 “In addition to great financing options, our community offers an array of amenities, such as state-of-the-art fitness and community facilities and easy access to public transportation, whether you choose to walk or ride the Dixon shuttle bus” said Kristin Hurd, director of sales at The Residences at Dixon Mills. “Furthermore, we offer numerous residence layout options, authentic historic architectural details, and the option of private outdoor patios with spectacular views, attracting buyers looking for a one-of-a-kind luxurious home to our community.”

 One of the most unique characteristics of The Residences at Dixon Mills is its wide variety of floor plan designs. With more than 350 unique floor plans to choose from, buyers with an array of lifestyle needs have been able to find the ideal home to fit their personal living requirements.

Dixon Mills features studios as well as one-, two- and three-bedroom condominium residences from the low $200,000s. Duplexes, triplexes and penthouses are also available.

 Dixon Mills offers luxurious homes that feature remarkable finishes and features such as oversized windows and ceilings, bathrooms featuring deep soaking tubs, Carrara tile floors, beautiful marble and wood vanities, stylish gourmet kitchens outfitted with stainless steel appliances, granite countertops, coordinated backsplashes, porcelain tile floors and warm maple or rich cherry wood cabinetry.

 The community also offers residents access to The Club at Dixon Mills. Newly opened in the fall of 2009, The Club features a state-of-the-art fitness center, spacious locker rooms, a yoga/movement room, community lounge, WiFi area, media room and indoor multi-purpose recreational court. The Club’s Lifestyle Lounge includes a fireplace, kitchen, screening room with a large projection television, comfortable seating, and a plug ‘n’ play WiFi laptop bar.

The Residences at Dixon Mills is located just three blocks from the nearby Grove Street PATH station, offering direct access to Wall Street or Midtown, as well as the neighborhood’s many retailers, restaurants and cultural and entertainment venues. As part of the community’s amenities package, Dixon Mills offers residents a shuttle bus that takes them from their door to the PATH station.

The Residences at Dixon Mills Sales Office is open from 10 a.m. to 6 p.m. Monday, Wednesday and Friday through Sunday, and from noon to 8 p.m. Tuesday and Thursday. To visit the Sales Office, take Interstate 78 East to the Jersey City/Columbus Drive exit and stay straight to go onto Center Street. Make a right onto Christopher Columbus Drive. Turn right onto Brunswick Street and then left on Wayne Street. The Sales Office will be on your right.

 For more information about The Residences at Dixon Mills, please call the Sales Office at 201-309-1004 or visit www.dixonmillsjc.com. Tours of the Sales Office and designer model condominium homes are available by appointment only.            

 

 

About Robert Martin Company

Founded in 1957, Robert Martin Co. has a long, distinguished history in real estate.  The company and its partners have developed and acquired over 20 million square feet of property and its holdings presently include over two million square feet of office space and hundreds of acres of developable land.  Widely regarded as a pioneer in office park development and mixed-use urban renewal projects, the real estate and investment firm has expanded from its home base in the New York metropolitan region into California and Florida, where it has recently partnered to buy over 600 hundred acres of land, approximately 2,500 apartments and a large mixed-use project in Miami, Florida.  For more information on Robert Martin Co. visit www.robertmartincompany.com

 

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The post REAL ESTATE-Jersey City’s The Residences at Dixon Mills Excited to Announce FHA Financing Now Available first appeared on River View Observer.