08/30/08

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Condos in the Country

Jersey City, NJ
50 Dey Street
Canco Lofts
The six-story, 550-unit condo conversion of a factory building will feature studio, one-, two- and three-bedroom apartments. Homes at the SBLM Architects-designed building range from 640 to 1,663 square feet and are priced between $350,000 and $850,000. The lofts have 14- to 27-foot ceilings and white oak wide-plank floors. Amenities include a 10,000-square-foot club with a fitness center, yoga studio, event center with Wi-Fi, pet park, spa, children's play room, screening room, bicycle storage, parking garage and shuttle service to the PATH trains. Contact: www.cancolofts.com.

Paterson, NJ
175 Broadway
Silk City Lofts
The Mercury Development Group's five-story project contains 48 units, including one- and two-bedroom condos and duplexes ranging from 717 to 1,996 square feet. Prices start at $157,488. Amenities include a fitness center, parking garage, storage and concierge service. Poskanzer Skott Architects designed the building, which is scheduled for occupancy in fall 2008. Contact: www.silkcitylofts.com.

New Rochelle, NY
869 Weaver Street
The Greens at Cherry Lawn
The 26-home residential development opened to its first residents in mid-May. Developer WN Weaver Street LLC's gated community is situated around a landscaped area. It covers 17 acres and is within 5 miles of 18 golf courses. Amenities include a concierge service, fitness center, heated swimming pool, tennis court and around-the-clock guarded entrance. Contact: www.tgacl.com

Construction update

Hardyston, NJ
Ridgefield Commons
The Pegasus Group, a developer, will take over the stalled development approved for 313 homes, as per a $20 million, court-appointed arrangement with Sussex Bank. Construction and sales at the townhouse community stopped with 100 homes built and occupied and 15 homes in various stages of completion. Contact: www.ridgefieldcommons.com.

Jersey City, NJ
77 Hudson
K. Hovnanian Homes' 48-story residential complex topped out in May. The 1.3 million-square-foot project was designed by Cetra/Ruddy Incorporated, and is scheduled for completion in 2009. The building features floor-to-ceiling windows with views of the Hudson River, chiseled quartz bathroom walls and custom-designed cantilevered master bathroom vanities. Contact: www.77hudson.com.

Leasing update

Newark, NJ
1180 Raymond Boulevard
Eleven80
More than 230 of the 317 residences at Cogswell Realty Group's 35-story apartment building were leased as of mid-May. Residences range between 598 and 1,401 square feet in size, with monthly rents ranging from $1,615 for one-bedroom homes to $2,425 for two-bedroom layouts. The building features a concierge service, valet parking, health club, bowling alley, entertainment room and shuttle service to the University District, Newark Airport and Penn Station. Contact: www.eleven80rentals.com.

Sales update

Morristown, NJ
40 Park
One-third of the seven-story, 60-unit luxury condo was sold as of mid-May after three weeks on the market. The building, developed by Roseland Property Company, has one-, two- and three-bedroom condos, with prices ranging from $400,000 to over $2 million. Amenities include a fitness center, game room, lounge area, terraces and private parking. Contact: www.40park.com.

Rahway, NJ
Savoy at Rahway
Developer Maplewood Homes' 36-unit luxury condo was one-quarter sold by the end of May. The homes come in six different configurations of two-bedroom, two-bath residences, with up to 2,000 square feet of space. Prices start at $315,000. The project has on-site parking. Contact: www.homesbymaplewood.com.