Centurion Union at 975 Bonnel Court in Union — Courtesy: American Landmark Development
By Joshua Burd
A developer has completed its lease-up at an 80-unit luxury apartment building in Union, touting the milestone despite opening just weeks before the state’s coronavirus outbreak.
American Landmark Development, which is based in Elizabeth, worked alongside The Marketing Directors to complete leasing for the five-story building at 975 Bonnel Court. The builder noted that renters have responded to its location in Union’s vibrant, walkable downtown and its easy access to mass transit and major highways.
Known as Centurion Union, the five-story complex has capitalized on those assets while offering a mix of luxury one- and two-bedroom apartments and upscale amenities.
“Demand is on the rise for superior quality rental buildings in outer ring suburbs with tremendous downtown environments and great access to New York City,” said Manuel A. Fernandez, founder of American Landmark Development. “That’s exactly what we offer at Centurion Union and throughout our entire rental portfolio. This building entered the market at the perfect time and drew renters who wanted a sophisticated urban lifestyle like nearby Hoboken and Jersey City, but with less congestion and a much more attractive price.”
American Landmark Development, which adopted a digital leasing strategy almost immediately after opening, is now proceeding with the next piece of a broader redevelopment project in the neighborhood. The firm on Friday said the second phase is slated for delivery in the first quarter of 2021, offering both retail space and additional apartments.
Unity Bank will anchor the 10,000-square-foot retail portion and is among the leases already signed.
“The overwhelming results speak for themselves,” Fernandez added. “The leasing success of the initial offering will undoubtedly serve as a catalyst as we put the finishing touches on the community’s second phase.”
American Landmark Development is the designated redeveloper of the Stuyvesant Avenue Redevelopment Project, which will ultimately include 300 new residences and some 27,000 square feet of retail space housed in four buildings. The entire project will occupy 724 linear feet along Stuyvesant Avenue.