The Real Deal New York

LeFrak’s Jersey City tower Laguna reaches capacity

December 18, 2013 03:44PM


Laguna at 45 Park Lane South in Jersey City

The LeFrak Organization’s 19-story Jersey City rental tower known as Laguna is fully leased after nearly six months, a spokesperson for the building told The Real Deal exclusively.

Leasing launched for all 158 units at 45 Park Lane South in June; construction began back in September 2011. The lease for the last remaining apartment starts Dec. 31.

Architecture firm Poskanzer/Skott designed the one-, two- and three-bedroom units, which range from 759 square feet to 2,015 square feet in size.

The building serves as the first of the final phase of the high-rise-heavy Newport neighborhood. — Mark Maurer