Asbury Park, NJ
Majestic on the Park
The Teicher Organization is converting the Salvation Army building into a mixed-use project with two- and three-bedroom luxury condominiums. The development will also have ground-floor retail and on-site parking.
Riverside, NJ
Pavilion Avenue
The Teicher Organization is building the mixed-use residential and commercial development on the site of the former Zurbrugg Memorial Hospital on Pavilion Avenue. The $100 million project will consist of 430 condominium units as well as retail and office space.
Hoboken, NJ
Harborside Lofts
1500 Garden Street
Occupancy has begun at Toll Brothers’ 116-unit luxury condo. The studio, one-, two- and three-bedroom loft homes range in size from around 680 to 2,500 square feet and have 13-foot ceilings. Amenities include rooftop garden terraces, a rooftop pool, fitness center, waterfront promenade and 24-hour concierge. Contact: www.hudsontea.com.
Jersey City, NJ
Canco Lofts
50 Dey Street
Sales have begun for phase one of the 1 million-square-foot, 551-unit condominium conversion of the American Can Co. factory. Over 80 percent of the 101 loft homes of phase one were under reservation before sales were officially launched. Prices for the one-, two- and three-bedroom apartments range from $350,000 to $850,000. The development’s 10,000-square-foot residents’ club will have a fitness center, yoga studio, children’s play center, screening room, pet park, billiards and a heated garage with elevator access. Construction on phase one is expected to begin in summer 2008. Phase two, which will include an additional 101 residences in the landmarked building’s third tower, is expected to launch sales in fall of 2008. Contact: www.cancolofts.com.
Rahway, NJ
Savoy at Rahway
Maplewood Homebuilders’ 36-unit residential project contains two-bedroom homes ranging up to 2,000 square feet in size. Prices for the condos, which come in eight different designs, start at $315,000. Underground parking is available to all residents. Contact: www.homesbymaplewood.com.
Sales update
Jersey City, NJ
The A
The Athena Group is developing the 34-story, 250-unit condominium, which was nearly 90 percent sold as of early February. RMJM Hillier designed the brick and glass tower, which includes one- and two-bedroom apartments priced from the mid-$400,000s. The building’s amenities include 24-hour concierge service and a fitness center with terrace. Contact: www.insideA.com.
Jersey City, NJ
Gull’s Cove
Metro Homes’ 16-story, 323-unit first phase of the luxury condominium was more than 70 percent sold as of mid-January, when units became available for occupancy. The studio to three-bedroom residences range in size from 500 to 2,000 square feet; they are priced from the mid-$300,000s. Amenities at the 432-unit project, designed by architect Dean Marchetto & Associates, include a fitness center, indoor parking, concierge and a landscaped garden with putting green. The property will have three retail tenants, including SAWA Steakhouse & Sushi Bar. The Marketing Directors is the exclusive sales and marketing agent for the project. Contact: www.gullscove.com.