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Re: Ribbon Cutting for Lenox New Residential Building in Jersey City
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MDM wrote:
How many people can afford these places? Do we have a bubble forming in the high end rental market? Or will these places be like what I have seen in the Newport Towers: Eight people stuffed into a 2 bedroom unit?


Meh. I hear the same comment every time a similar building opens up and yet they all lease up super quick. The truth of the matter is that lots of people can afford these rents nowadays, and a lot of those people are choosing to come to Jersey City.

Heck, in our building every three bedroom apartment is leased by a couple each, with the exception of two units, which are leased by a single person each, and the rents are about the same.

Posted on: 11/14 16:26
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Re: Ribbon Cutting for Lenox New Residential Building in Jersey City
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JCGuys wrote:
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Eight people stuffed into a 2 bedroom unit?


This exactly-- there needs to be more non-luxury housing built or this will happen! It's the only way people can survive these days. Two to bedroom with living room converted into another bedroom.


A couple years back, a landlord with a 2 family got busted for having about 30 people in the building (fire department responding to a minor fire found it out). He was renting it out by the sqft. For $600 a month you got room for a mattress.

The building tenants were all from India.. so maybe they are used to living in cramped conditions.

Posted on: 11/14 15:33
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Re: Ribbon Cutting for Lenox New Residential Building in Jersey City
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Eight people stuffed into a 2 bedroom unit?


This exactly-- there needs to be more non-luxury housing built or this will happen! It's the only way people can survive these days. Two to bedroom with living room converted into another bedroom.

Posted on: 11/14 15:28
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Re: Ribbon Cutting for Lenox New Residential Building in Jersey City
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How many people can afford these places? Do we have a bubble forming in the high end rental market? Or will these places be like what I have seen in the Newport Towers: Eight people stuffed into a 2 bedroom unit?

Posted on: 11/14 15:20
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Re: Ribbon Cutting for Lenox New Residential Building in Jersey City
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$2,365 per month for a studio.

The Marchetto Higgins Stieve-designed rental features a mix of studios, one, two, and three-bedrooms with apartment sizes ranging from 430 square feet to 1,530 square feet. As for prices, one-bedrooms start at $2,795, two-bedrooms at $3,850, and three-bedrooms are asking from $5,620. Apartments come fitted with stainless steel appliances, quartz countertops in the kitchen, washers and dryers in-unit, walk-in closets, and in some apartments, private terraces
As for the amenities, they include a rooftop pool, automated parking, a transit screen in each ground floor elevator lobby, a dog run, a cafe, a fitness center, a game room, yoga rooms, and electric-car charging stations. In addition, there’s also a 7,200-square-foot retail space on the ground floor.

Posted on: 11/14 12:37
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Ribbon Cutting for Lenox New Residential Building in Jersey City
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Mayor Steven M. Fulop and other Jersey City officials joined representatives of Fields Development Group yesterday to celebrate the grand opening of Lenox with a ribbon-cutting ceremony. The event marked the start of leasing at the new 15-story tower, which is the only new luxury residential development in Jersey City’s Paulus Hook neighborhood.

http://riverviewobserver.net/2017/11/ ... ing-in-jersey-city-11366/

Posted on: 11/14 12:08
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