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.

Alan Cancro’s proposal for 377 Fourth Street, in Jersey City was voted unanimously in favor by the Jersey City Zoning Board. Cancro is the owner of the proposed developments four lots.

According to the 9,000 Square-foot buildings plan includes a lobby with the elevator on ground floor, landscaping space in rear of the structure and an area for bicycle parking.

Also proposed for the development a roof-top deck 1,800. Sq. Ft. access by elevator.

Source: Hudsondailyvoice

JerseyDigs.com

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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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Fox & Crow in Jersey City spotlights performers that connect with Jersey City’s diverse community and  the woman behind finding these performers in Jersey City’s  is Margo Parks. Read Sally Deering’s interview with Margo Parks in this issue.

Looking for somewhere to go check out our ARTScene section featuring listings for art, music, dance, theater and children’s activities and more.

Read about Mathew’s Food and Drink in downtown Jersey City the newest addition to the Jersey City restaurant scene from Mat Kopec who has brought us White Star on Brunswick Street, and White Star on Warren Street. 

Looking for a home or apartment check out our Real Estate section in this issue

The post River View Observer January 15-January 31 2017 Digital Issue first appeared on River View Observer.

The post Jersey City, NJ- Real Estate Market Trends first appeared on River View Observer.

Building will  be New Jerseyâ€s Tallest as Fulop Administration Continues to Develop a World Class Skyline

 Most Significant Condo Project in Stateâ€s History Speaks to Strength of Jersey City Housing Market and Fulop Administrationâ€s Success at Creating Record Construction Boom

  JERSEY CITY – Already home to seven of the stateâ€s ten tallest buildings, the City of Jersey City today announced an ambitious plan for a 95-story residential tower that at 950 feet would be “by far the tallest building in New Jersey, dramatically remaking the Jersey City skyline,” according to Mayor Steven M. Fulop.

With 760 condominium units, the development, by China Overseas America, Inc. at 99 Hudson Street, is also the most significant condo project ever in the State, illustrating the strength of the Jersey City housing market and demand for home ownership. The project will also include approximately 18,000 square feet of commercial and retail space, and provides for additional public spaces and plazas, including 7,365 square feet of passive park space.

Jersey City is currently experiencing the greatest construction boom in the Cityâ€s history due to the Fulop administrationâ€s success at improving public safety, lowering taxes and creating a thriving community where people want to live, work and invest.  In 2014, Jersey City led New Jersey in residential construction starts with more than 6,000 units under construction and another 18,000 approved.  Jersey City is projected to become New Jerseyâ€s largest city by 2016.

“This is another milestone moment for Jersey City,” said Mayor Fulop.  “Our plan here is to continue building a world class skyline and to continue leading the region in job creation with projects like this, and we couldn’t be more excited to attract hundreds of millions of dollars of investment into the city.  This project is going to further put Jersey City on the map.”

Currently, the tallest building in New Jersey is in Jersey City – the Goldman Sachs tower at 781 feet at 30 Hudson Street.  Trump Plaza, at 532 feet, is the Stateâ€s tallest residential building and is also in Jersey City.  One of the three towers being developed as part of the Journal Squared Project by KRE is expected to be the second tallest residential building in the State behind 99 Hudson at 729 feet when completed.

 “We are committed to developing this iconic project on Jersey Cityâ€s waterfront,” said Cindy Xiu, President of China Overseas America, Inc.  “This is indicative of the continuing growth of Jersey City and the administrationâ€s vision to make this best mid-sized city in America.”

The last large-scale condominium project in Jersey City was Crystal Point, which opened in 2009 with 269 units.  While rental projects have continued to flourish in recent years, this is the first large-scale condo project in six years.

“The real estate market in Jersey City continues to grow at an unprecedented rate,” said Linda Cantatore, President of the Liberty Board of Realtors.  “Jersey City is the place more and more people are choosing to live, and as this project demonstrates, there is a demand for both rental and condominium properties.  This development will be a catalyst for even more condo projects as we see an increased demand for homeownership.”

The Planning Board will vote on the redevelopment plan change Tuesday night before heading to the City Council for approval. The Planning Board would then vote on final site plan approval, with China Overseas America, Inc. anticipating construction to commence late spring.

All media inquiries should be directed to Jennifer Morrill, Press Secretary to Mayor Steven M. Fulop at 201-547-4836 or 201-376-0699.////

 

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In addition to student, affordable and luxury housing, the mixed-use development aims to anchor the broader surrounding community. The tower will feature a 717 car public garage, an upscale restaurant, and ground floor retail stores, and – pending approvals – a multiplex movie cinema. Not yet under construction, the development team is currently marketing to potential residential and restaurant tenants. Construction is expected to begin in early 2015.

The post McGinley Square Tower Moving Forward, Expanding Jersey City’s Revitalization first appeared on River View Observer.

Jersey City, NJ, September 2013: 77 Hudson, K. Hovnanian’s® soaring 49-story residential tower on the Hudson River in Jersey City, has just achieved a new milestone. The sparkling blue-glass luxury high-rise building recently sold one of its few remaining unsold homes, a two-bedroom penthouse on the 48^th floor, for a record-setting price of $2.8 million.

While the transaction marks the highest sale price ever paid for a residential condominium in Jersey City, according to Scott Waldman, 77 Hudson’s broker of record, “It does not represent the top of the line at 77 Hudson. This record sale is not the highest-priced home in the building. However, it certainly showcases the stark comparison between our 2,100 square-foot penthouse and similar apartment homes just across the Hudson. A comparable 2,100 square-foot condominium on the west side of Manhattan would cost between $5-7 million, if you could find it. This is a testament not only to the quality and the desirability of the homes at 77 Hudson and our close-to-everything location, but also to the rebounding strength of the housing market in New Jersey. This spectacular building is nearly 100% sold – and our final penthouses are the crown jewel of 77 Hudson, with views that are just breathtaking.”

According to Waldman, 77 Hudson has had a widespread appeal to a variety of buyers. “We’ve had buyers from throughout the New York metropolitan area, as well as from around the globe,” Waldman said. “People recognize what an excellent value 77 Hudson represents for a waterfront building with drop-dead Manhattan skyline views. Our foreign buyers in particular recognize that their homes are a fraction of the price of river-view buildings on the New York side.”

77 Hudson is an impressive edifice from many perspectives, beyond its record-setting sales. The building was recently named among thetop ten tallest buildings in New Jersey, in a list compiled by online news service NJ Spotlight. According to K. Hovnanian® Homes® Area President Randy Brosseau, its towering height gives 77 Hudson “some of the world’s best panoramic urban views. Not just some of the best views in metro New York, but some of the best in the entire world. The magnificent new One World Trade Center is the centerpiece of our visual panorama, and all of midtown Manhattan is arrayed before you. It’s like you’re sitting in the first row of the mezzanine and the Manhattan skyline is the stage you’re looking down on,” Brosseau said.

From chic, luxurious homes overlooking the Hudson, to a remarkably convenient location, private concierge service, and a variety of unusual, unrivaled on-site amenities, 77 Hudson offers homeowners a luxurious lifestyle that is the equal of anything in Manhattan. The wide-range of resort-style amenities and on-site activities include a state-of the art fitness center and serene mirrored rooms that are ideal for yoga and Pilates; a private spa with sauna and steam rooms; a massage room, pool and hot tub; a jogging path, golf simulator, tot lot for the children, and even an on-site dog run. The building also offers its own rooftop bar, café and fire pit. 77 Hudson’s range of concierge services from Bravo Concierge Services can take care of residents’ dry cleaning, house cleaning, dog walking and more, to make homeowners’ lives even more pleasant and convenient.

77 Hudson’s desirable Jersey City location provides easy commutes to all points in Manhattan, with convenient access to the PATH train, Holland Tunnel and ferry. Located in the Paulus Hook section of Jersey City, a vibrant community characterized by tree-lined streets, 77 Hudson is in walking distance to a number of top-rated restaurants and an array of boutique shops.

Only a few remaining penthouses are available at 77 Hudson. For details on the final homes, or to arrange a private tour, call the sales center at (201) 433-2609, or visit www.77Hudson.com.

ABOUT HOVNANIAN ENTERPRISES®, INC.:

Hovnanian Enterprises, Inc., founded in 1959 by Kevork S. Hovnanian, is headquartered in Red Bank, New Jersey.  The Company is one of the nation’s largest homebuilders with operations in Arizona, California, Delaware, Florida, Georgia, Illinois, Maryland, Minnesota, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Texas, Virginia, Washington, D.C. and West Virginia.  The Company’s homes are marketed and sold under the trade names K. Hovnanian® Homes®, Matzel & Mumford, Brighton Homes, Parkwood Builders, Town & Country Homes and Oster Homes.  As the developer of K. Hovnanian’s® Four Seasons communities, the Company is also one of the nation’s largest builders of active adult homes.

Additional information on Hovnanian Enterprises, Inc., including a summary investment profile and the CompanyÂ’s 2012 annual report, can be accessed through the “Investor Relations” section of the Hovnanian EnterprisesÂ’ website at www.khov.com. To be added to Hovnanian’s investor e-mail or fax lists, please send an e-mail to IR@khov.com or sign up at www.khov.com.

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