Harrison, NJ
Harrison Commons
Ground has been broken for the first phase of the mixed-use project being developed by Applied Development Company and Pegasus Group. The development will contain 477 residential units above 35,000 square feet of retail space and a five-story parking garage. The first phase is slated for completion in 2009. When it is finished, the entire 27-acre project will include 3,000 residential units and 150,000 square feet of retail space. Contact: www.appliedco.com.
Long Branch, NJ
Pier Village
Applied Development Company has broken ground on a new, four-building phase of the mixed-use development. It will include 216 rental homes, a 24-unit condo and hotel, and 3,800 square feet of retail space. The rental project will have an outdoor pool and an amenity deck. The rental residences and retail space are expected to be completed by the end of 2008. Contact: www.piervillage.com.
New Brunswick, NJ
Residences at the Heldrich Hotel
Livingston Avenue and George Street
Trammell Crow Residential has developed 48 condominium units in the luxury hotel. The homes, which are available for immediate occupancy, range in size up to 1,750 square feet for a two-bedroom. Prices begin in the mid-$400,000s. The project has underground parking reserved for residents, as well as business conference rooms, a restaurant, bar, spa, swimming pool and ballroom. Contact: www.heldrichcondos.com.
Mount Vernon, NY
The Vista at Fleetwood
550 Locust Street
Hudson Realty Capital has provided a $6 million mezzanine loan for the completion of the 11-story, 71-unit condominium project currently under construction. The building will contain one- and two-bedroom homes, 92 indoor parking spaces and 5,700 square feet of commercial space. Residents will have access to a 900-square-foot fitness center and self-storage units. Houlihan Lawrence is the exclusive marketing and sales agent. Contact: www.vistaatfleetwood.com.
Construction update
Hoboken, NJ
Metrostop
Developer Metro Homes has announced the topping off of its 11-story, 113-unit luxury condominium. The building’s one- and two-bedroom residences range in size from 786 to 1,436 square feet; duplex penthouse units range up to 1,675 square feet. Prices begin at $460,000. Amenities include a 2,000-square-foot fitness facility, rooftop terrace and concierge service. Ground-floor retail will include a restaurant and café. The Marketing Directors Inc. is the exclusive sales and marketing agent. Contact: www.metrostophoboken.com.
Sales update
Asbury Park, NJ
The Esperanza
1150 Ocean Avenue
Metro Homes’ two-tower, 224-unit development had sold more than 40 homes as of mid-October. One building is 16 stories and has 135 units; the other is 10 stories and has 89 units. The homes range in size from 550 to 3,000 square feet. The Marketing Directors Inc. is the exclusive sales and leasing agent. Contact: www.esperanzanj.com.
Jersey City, NJ
77 Hudson Street
Developer K. Hovnanian Homes has been approved by the New York State Attorney General’s office to allow New York brokers to sell homes at the 420-unit condominium project. The one-, two- and three-bedroom homes are priced from the $500,000s to more than $2.75 million. Contact: www.77hudson.com.