In New York City, it is no surprise to see a construction site on every corner. The Exclusive Home Interiors team is a key witness to the development of multi-unit residential and commercial buildings. Recently, new generations of developments are emerging across the Hudson River in Jersey City. By 2025, Jersey City will become a mini-Manhattan. High-rise luxury buildings offer small and mediocre apartments in the “Big Apple,” for prices that are aggressive and not affordable. Jersey City will be able to provide comfort and space for everyone. Maybe it will even be branded as the “Little Apple.”
The Exclusive team is paying close attention to three particular developments that will definitely change the future of both New York and New Jersey real estate. 99 Hudson, the Journal Squared development and 115 River Road are projects that are currently in the pre-development phase, are breaking ground, or are slowly topping-off.
Located just a short PATH train ride away from the World Trade Center, 99 Hudson is going to be New Jersey’s tallest building. The 900-foot condominium will advance to 79-stories, permanently redefining the New Jersey skyline. The Perkins Eastman designed tower will have over 65,000 square feet of resident amenities and add 781 apartments to the city’s housing market. The first seven stories of 99 Hudson will be utilized for multi-purpose entertainment and convenience. This includes: a 681-space parking garage, an indoor & outdoor pool, a lounge, a private screening room, a fitness center with several studios, a spa, retail spaces, and more. Open layout residences will feature floor to ceiling windows with unobstructed views of Jersey’s Gold Coast, the Statue of Liberty and Manhattan. Each apartment has a custom gourmet kitchen, made with Italian cabinetry. Kitchen counter tops are custom made with quartz stone to guarantee elegance and sustainable design. Cutting-edge appliances and technology are installed in each home to promote an innovative lifestyle. Spa-like designer baths and vanities will be made with custom porcelain tiles, ceramic back splash and quartz stone counter tops to ensure tranquility and relaxation. 99 Hudson is a unique multi-use development that focuses on providing homes with aesthetic, comfort and practicality. The complex will revolutionize the Gold Coast of Jersey City. Ming Wu, principal of Perkins Eastman, said it best that, “for decades now, people on the west side of the Hudson have marveled at Manhattan’s skyline, but today Jersey City is developing its own dynamic city, along with a world-class skyline.”
While 99 Hudson is anticipated to be New Jersey’s tallest building, a triplet-tower community called the Journal Squared development will be New Jersey’s largest development. The neighborhood made up of three sister towers will offer 1,800 luxury apartments total. The first tower, or phase 1, of the project has 54-stories and was completed in 2017. The second tower will be the tallest of the three and will rise to 72-stories with an anticipated completion of 2020. The third tower will have 60-stories and is currently in pre-planning. Each apartment inside the first phase has over sized windows that extend wall-to-wall, optimizing a resident’s view of the outside world. Natural light spills through the enormous windows making each home a comfortable place to live.
In Manhattan, the Waterline Square development is an urban community made up of three different buildings created by three different architects and interior designers. The purpose of hiring such a diverse team was to ensure the buildings are unique to their brand and style. Jersey City’s new neighborhood of multi-unit residences can be compared to Waterline Square. Renderings of “phase two” and “phase three” of Journal Squared have not been released as of yet. Hollwich Kushner and Handel Architects are the lead architects for the entire project. Christopher Stevens was in charge of the interior design for the first tower. It will be interesting to observe if developers, the KRE Group, plan to expand the design team in preparation for the rise of the other two buildings.
Jersey City is definitely undergoing a development boom in high-rise, luxury residential buildings. Proposals are submitted everyday for new multi-unit homes on the Gold Coast. Recently plans for a massive development were submitted in Edgewater, New Jersey. Real Estate developer Fred Dabies proposed the construction of a four-tower community in a town that is not typically known for high-rise buildings. The development together will have a total of almost 2000 residential units. Pre-construction plans consist of a four-building neighborhood where two properties will offer rental units and the other two will offer condominiums. The official address of this development is 115 River Road. New Jersey and New York state governments are working on expanding the ferry system to make the commute to and from Manhattan simple. No architect or interior designer has been assigned to the project yet, which means the Exclusive Home Interiors team is ready to fight to the finish to get the job done.
New buildings pop-up out of nowhere in New York City. Common corporate Americans often pay a high dollar for a small, inconvenient space. Real estate developers noticed trends in the housing market and came to the conclusion that building multi-unit residences in Jersey City, Hoboken, Edgewater, Fort Lee, Journal Square and Weehawken is absolutely necessary. The Journal Squared development, 99 Hudson and 115 River Road are all massive multi-unit and multi-building urban revitalization. They will heavily impact the sale and rental of luxury high-rise buildings. Every new construction along the Gold Coast of New Jersey will feature parking spaces, amenities and gorgeous apartments. Functional kitchens with custom-made in light pastel colors will house the latest and greatest in home appliances. Each person will get to experience luxury smart technologies from companies like Miele, Subzero & Wolf, Guggenheim and more. New developments in Jersey City are prioritizing open spaces, natural light and over-sized windows. Architects and designers believe that watching the world interact from the comfort of a home is relaxing and comforting.