Bridgeport, CT
Lofts 881
881 Lafayette Boulevard
Ground was broken in mid-June for the mixed-used redevelopment project. The five-story office building is being converted to 38 residential condominiums and two ground-floor retail units. The condos will be priced between $180,000 and $400,000; four affordable apartments are priced around $90,000. Developer E/N Properties received financing from the Community Preservation Corp., the New Boston Fund and the City of Bridgeport.
Stamford, CT
Trump Parc Stamford
7 Broad Street
Ground was broken in May for the 37-story, 171-unit condo designed by Costas Kondylis. Donald Trump partnered with Thomas Rich and Louis Cappelli on the $160 million project, which will be the tallest building in Stamford at 350 feet. It will also be Connecticut’s first LEED-certified green high-rise. The tower will have one-, two- and three-bedroom homes. The two-bedroom residences average 1,600 square feet in size and cost around $1 million. Amenities include a lap pool, billiard room and outdoor recreation deck. Contact: www.trumpparcstamford.com.
East Orange, NJ
60
60 Parkway Drive
The GLC Group recently unveiled the 14-story, 183-unit luxury condominium. Units in the $20 million project range in size from studios to two-bedrooms, of which eight are penthouses. Amenities include an underground parking garage and 24-hour security. Prices run from $99,000 to $399,000. Contact: www.60parkwaydrive.com.
Jersey City, NJ
197 Academy Condominiums
197 Academy Street
The sales office will open soon for the six-story, 20-unit condominium developed by Prasad Gurnani of Tovaste LLC. The project will have five studio apartments and 15 two-bedrooms, with sizes ranging from 525 to 1,000 square feet. Occupancy is expected to begin in January 2008.
Wallkill, NY
Woodside Knolls
Pleasantville, N.Y.-based homebuilder Baker Residential plans to develop a community of 45 single-family homes and 216 townhomes on a recently purchased 120-acre site in Orange County. The single-family homes will start in the mid-$300,000s, with the townhomes priced from the mid-$200,000s. Amenities will include a pool, recreational center and tennis courts.
Yonkers, NY
Point Street Landing
Real estate investment company Homes for America Holdings Inc. has announced plans for the $1 billion mixed-use green development. The project will be built for LEED certification, and will include 1,100 residential units, 40,000 square feet of retail and 52,000 square feet of office space. The site of the project spans 30 acres. Before development can begin, the site must undergo a $32 million remediation of contaminants, which will be paid for by the former owners. The project also involves the development of six acres of parkland. Contact: www.pointstreetlanding.com.
Sales update
Asbury Park, NJ
The Esperanza
1150 Ocean Avenue
Sales are under way for Metro Homes’ two-tower, beachfront condominium. The project comprises a 16-story, 135-unit tower and a 10-story, 89-unit tower. Studio to four-bedroom homes range in size from 550 to 3,000 square feet. Prices start in the low $400,000s. The Marketing Directors Inc. is the exclusive sales and marketing agent. Contact: www.esperanzanj.com.
Jersey City, NJ
Gull’s Cove
205 Luis Munoz Marin Boulevard
Metro Homes’ 431-unit condominium was more than 50 percent sold by mid-May after sales began last summer. Phase I of the project, a 16-story, 321-unit tower, will be ready for occupancy in late 2007. The tower’s residences range in size from 500-square-foot studios to 2,000-square-foot three-bedrooms; prices start in the $300,000s. The project, designed by architect Dean Marchetto & Associates, will include 30,000 square feet of ground-floor retail space. The Marketing Directors Inc. is the exclusive sales and marketing agent. Contact: www.gullscove.com.