News: Brokerage

Senate Place Urban Renewal opens 25 Senate Place

25 Senate Place - Jersey City, NJ 25 Senate Place - Jersey City, NJ
Jersey City, NJ In what is the latest sign of the neighborhood’s transformation into a residential and arts destination, 25 Senate Place has opened across the street from MANA Contemporary in the city’s  Journal Square Arts District. Featuring 265 rental residences, upscale amenities and a soon-to-open Modcup roastery and café, 25 Senate Place delivers a modern living experience to the neighborhood’s mosaic of repurposed warehouses and growing arts scene.  Initial occupancy is slated for November, 2015. “It seems like every urban area on a cultural upswing is compared to Brooklyn, but Jersey City, with its influx of new arts venues, street performances, restaurants, boutiques and coffee houses,  really is on a similar trajectory,” said Art Johnson, managing director of Senate Place Urban Renewal, which developed 25 Senate Place.  “It’s an atmosphere that appeals to a cross section of people, and one that has been taking root in our location.  We’re excited to now add a new luxury residential option to the mix which places residents in the heart of a developing arts district at a price point that is attractive for Jersey City.” The fulcrum of the neighborhood’s cultural transformation was the opening of MANA Contemporary, the 2 million square-foot art center featuring more than 10 exhibition spaces, a theater, dance studio, foundry, silkscreen studio, and 150 artist studios, as well as the Richard Meier Model Museum and other renowned tenants. Art House Productions, an active visual and performing arts organization, is located in Journal Square, as is the revitalizing Landmark Loew’s Jersey Theatre and award-winningHudson County Community College Culinary Arts Institute (CAI).  A more traditional locational advantage is the Journal Square Transportation Center with convenient PATH service to downtown and midtown Manhattan and Newark Penn Station. Designed to embrace the fabric of the neighborhood while drawing new residents to the emerging location, 25 Senate Place features a five-story design with a brick façade with metal accents that enhances the streetscape, and a collection of well-appointed residences with unique and varied floor plans to meet a variety of needs. Studios, one-bedroom apartments, one-bedroom-plus-den floor plans and two-bedroom duplex lofts with coveted outdoor space, are offered at monthly rents starting from $1,695.  Found throughout the residences are expansive windows that draw in natural light, hardwood floors, open kitchens with espresso cabinetry and quartz countertops, modern baths, and washers and dryers. Well-thought-out amenities and services include a lobby with 24-hour doorman, fitness center, resident lounge, game room, landscaped terrace and courtyard, Dog Park, shuttle service to the PATH Station, available onsite indoor parking and onsite property management. Residents will also appreciate having one of the region’s most celebrated independent coffee providers at their doorstep as Modcup, which roasts green coffee beans from around the world, will open a café and roastery in one of the building’s street-level retail spaces.   For canine lovers, Club Barks Doggy Day Care will also set up shop onsite. In addition, a Citi Bike Jersey City bike sharing station is located on Dey Street just steps from 25 Senate Place.  It is one of 35 stations city wide that will house 350 bikes to provide a new, environmentally-friendly, healthy and affordable 24/7 transportation option for Jersey City.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their