Franklin, NJ
Ladur e
1350 Easton Avenue
Pinnacle Communities has partnered with Kohl Partners to develop the 384-unit condominium community. The homes, located on 42 acres, range in size from 1,200 to 2,100 square feet. Prices begin at $275,000. The gated, active-adult community will have a clubhouse, a wellness center, landscaped gardens and underground garages. The first phase of the development was 25 percent sold as of late September. Construction is expected to be completed by spring 2008. Contact: www.pinnaclecommunities.com.
Union City, NJ
1410-1416 Manhattan Avenue
Houlihan Parnes/iCap Realty Advisors has placed $6 million in financing for the 27,000-square-foot site. The developer has received zoning allowances to build an 18-story, 90-unit high-rise with 90,000 square feet of parking.
Bronxville, NY
Wellington Square
Sales for WCI Communities’ 54-unit luxury condominium are expected to begin this fall. Homes will range in size from 1,500 to 2,250 square feet, with prices for two-bedroom residences are expected to start at $1.3 million. The project will also have parking, with 100 spaces designated for residents. Contact: www.wcicommunities.com.
New Rochelle, NY
Knickerbocker Lofts
52 Webster Avenue
A partnership of Ginsburg Development Companies and Urban Green Builders is converting the landmarked factory building to live-work lofts. Homes in the 45-unit building range in size from 660 to 2,150 square feet, with prices starting at $370,000. Amenities include a clubroom and a rooftop terrace. Each resident will have reserved parking. The Developers Group is the exclusive sales and marketing agent. Contact: www.knicklofts.com.
Valley Stream, NY
Hawthorne Court
125 South Cottage Street
The Dennis Organization has broken ground on the four-story, 90-unit condominium. Homes at the 104,000-square-foot complex will range in size from 900 to 1,400 square feet. Prices for the 37 one-bedroom residences start at $325,000; the 53 two-bedroom units start at $395,000. The project will include a private courtyard, residents’ club, fitness center and underground garage. The sales office is expected to open in January 2008, with project completion slated for November 2008. Contact: www.valleystreamcondos.com.
Yonkers, NY
Velocity at Greystone
1077 Warburton Avenue
REMI Companies and RiverOak Investment Corp. have broken ground on the nine-story, 79-unit luxury rental. The building will have nine studios, 54 one-bedrooms, 13 two-bedrooms, and three three-bedrooms. An underground parking garage will have 112 spaces. The Yonkers Industrial Development Agency is providing the developers with a partial property tax abatement. Contact: www.velocityatgreystone.com.
Sales update
Jersey City, NJ
50 Columbus Drive
The rental office has opened for the 36-story, 400-unit residential tower developed by Applied Development Company and Panepinto Properties. The Costas Kondylis-designed project will have 39,000 square feet of retail space and on-site access to the PATH train. Rents for the studio to three-bedroom apartments start at $1,625 per month. Contact: www.50columbus.com.
Jersey City, NJ
77 Hudson Street
Developer K. Hovnanian opened the sales center for 420-unit condominium in September. Architect Cetra Ruddy designed the triangular skyscraper comprising two 42-story towers. The project’s one-, two- and three-bedroom residences are priced from the $500,000s to $3 million. A four-alarm fire that struck the project in early October necessitated the removal of its top floors. Completion, slated for mid-2009, is not expected to be delayed. Contact: www.77hudson.com.
Jersey City, NJ
Trump Plaza Jersey City
The first tower of the condominium project, containing 445 units, was 74 percent sold as of early September. Sales at the second tower are slated to begin in early 2008. The 50- and 55-story buildings will be the tallest residential buildings in New Jersey. The project’s studio, one-, two- and three-bedroom homes range in size from 740 to 1,600 square feet. The Marketing Directors is the exclusive sales and marketing agent. Contact: www.njtrump.com.