The Hazel at 89 Monitor St. in Jersey City — Courtesy: Alpine Residential/FieldsGrade
By Joshua Burd
Renters have leased nearly two-thirds of a new 114-unit luxury apartment building in Jersey City’s historic Bergen-Lafayette neighborhood, its developers said Monday.
The ownership team, Alpine Residential and FieldsGrade, touted the milestone around three months after the launch of leasing at what’s known as The Hazel. The property at 89 Monitor St. has lured residents thanks in part to its indoor and outdoor amenity spaces and a location near the downtown, Liberty State Park and highway and mass transit options.
Net-effective monthly rents start at $2,240, with incentives. Alpine and FieldsGrade are leasing the property in tandem with The Marketing Directors.
“It’s no secret amenities play a significant role in a renter’s decision in Jersey City’s highly competitive apartment market,” said Bill Rosato, managing partner of Alpine Residential. “The development group has deep roots in Bergen-Lafayette and we utilized experience and extensive market research to create an amenity package that not only provides the exact kind of leisure time today’s renter expects, but also creates a stylish and inviting atmosphere that strongly encourages social interaction.”
Designed by Fogerty Finger Architecture, The Hazel has a distinctive façade of gray and green brick with large floor-to-ceiling windows as a nod to the neighborhood’s industrial heritage, according to a news release. Apartments have upscale design, appliances and finishes, while residents will have access to amenities such as a rooftop terrace, a sky lounge with New York City views, outdoor courtyards, co-working space and a high-end fitness center, among others.
South Oxford Management manages the property, which features the on-demand smart rental store known as TULU offering household and lifestyle products. Nearby is the Communipaw Avenue business corridor with bars, eateries, shops and everyday conveniences, while residents are minutes from Interstate 78 and the Hudson-Bergen Light Rail’s Liberty Park station.