Danbury, CT
Poet’s Landing Condominium & Marina
16 Hayestown Road
Sales opened in May for the 88-unit condominium on Candlewood Lake. The property comprises four buildings totaling 66 two-bedrooms measuring 1,600 square feet and 22 duplex units measuring 2,100 square feet. Each unit is guaranteed a boat slip at the adjacent marina, and residents will be able to rent a 27-foot boat. Occupancy is scheduled for late summer 2006. Contact: 203-790-0990, www.poets-landing.com.
East Rutherford, NJ
Equinox 360
Millennium Homes will build two 20-story residential towers directly across Route 3 from Giants Stadium and what will be the Xanadu retail and entertainment development. One- to three-bedroom units will be between 721 and 1,664 square feet in size, with prices ranging from $300,000 to the mid-$700,000s. The apartments will sit on a five-story parking garage and offer views of Lower Manhattan. This is the first big residential development in the Meadowlands since the Meadowlands Commission adopted a new master plan for conservation and “smart growth” two years ago, according to the New York Times.
Jersey City, NJ
Hamilton Square
25 McWilliams Place
Jersey City-based Exeter Property Company will begin construction this summer on the 225-unit condominium, a partial conversion of St. Francis Hospital, the New York Post reported.
Jersey City, NJ
Gull’s Cove
205 Luis Munoz Marin Boulevard
Sales are under way at Metro Homes’ 431-unit condominium, the Post reported. Prices start in the high-$200,000s for 500-square-foot studios. The project will eventually contain 30,000 square feet of ground-floor retail, including a Wachovia bank, coffee shop, restaurant and dry cleaners. A deal with childcare company Kindercare is also pending. Contact: www.gullscove.com.
Jersey City, NJ
Newport
The LeFrak Organization announced plans last month to expand the mixed-use waterfront community with another 688 rental units, 220 condominium units and a 429-room hotel. Construction began last month for the 325-unit Ellipse, a 460-foot rental tower scheduled for completion in spring 2008. In May, construction began on the Shore Club Condominiums at Newport North Tower, which will have 220 condominium units and rise 28 stories at 580 Washington Boulevard. Also under construction is the 429-room Westin Newport Hotel, scheduled for completion in spring 2008. And work will begin on the Aqua, a 31-story, 363-unit waterfront rental, in 2008. Contact: www.newportnj.com.
Newark, NJ
One River View at Rector
Basketball star Shaquille O’Neal wants to develop a luxury condo project on a site currently occupied by Science High School, which is operated by the local Board of Education. A company owned by O’Neal, 36-54 Rector Place LLC, offered to buy the building and its site for $2.75 million and demolish the building to make way for the 24-story project, GlobeSt.com reported. The City Council was scheduled to vote on whether to accept the offer in late May. Science High School is slated to move into a new building in the Newark Science Park in time for the next school year.
Sales Update
Jersey City, NJ
The Beacon
50 Baldwin Avenue
More than 70 percent of the condominium’s 315 units — the first phase of the project — had been sold as of mid-May, the Post reported. The building opened for sales last October. Prices start at $350,000 for a 760-square-foot one-bedroom. Contact: www.thebeaconjc.com.
Jersey City, NJ
Waldo Lofts
159 Second Street
Half of the condominium conversion’s 82 units had sold as of mid-May, according to the Post. The sales office opened in February. Contact: www.waldolofts.com.
Jersey City, NJ
Schroeder Lofts
242 10th Street
The 60-unit loft building was 40 percent sold as of mid-May, according to the Post. Sales opened in February. Prices for 930-square-foot one-bedrooms start at $414,000. Contact: www.schroederlofts.com.
New Rochelle, NY
The Lofts at New Roc
145 Huguenot Street
Sales opened in May for Cappelli Enterprises’ 98-unit co-op conversion. Prices start below $200,000 for the loft-like units, which range in size from 677-square-foot studios to 1,868-square-foot two-bedrooms. Most units have 11-foot ceilings and 9-foot tinted windows. Contact: www.theloftsatnewroc.com.