91-unit luxe rental building in Newark’s North Ironbound nabe set to open in mid-March

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The 91-unit rental apartment complex developed by J. Gordon Gutjahr at 325 Ferry Street in Newark is preparing to open by mid-March. The luxury residences in the North Ironbound neighborhood just south of Harrison are being pitched to prospective renters as the “latest example of Newark’s revitalization,” as noted by Multihousing Pro, which cited upscale amenities such as a daily shuttle to Newark Penn Station and a PATH station in Harrison. The outlet noted that Coldwell Banker New Homes has been selected to serve as the marketing and leasing agent for the complex. One-bedroom units in the building will start renting at $1,750 per month and two-bedroom units at $2,303 per month. Real Estate NJ reported that the size of those apartments will range from 638 to 1,116 square feet. Gutjahr, president of Bernardsville, New Jersey-based Lancor Construction, is co-developing the property with his brother, T. Gary Gutjahr, according to MPH. [MHP]