Rivet 26 at 26 University Place Blvd. in Jersey City — Courtesy: Hampshire Cos.
By Joshua Burd
A development team has welcomed its first residents to a 199-unit apartment building in Jersey City, the latest addition to a master-planned neighborhood on the city’s west side.
The partners — which include Hampshire Cos., Claremont Development and Circle Squared Alternative Investments — announced the milestone Monday after having already leased more than 50 percent of the property at 26 University Place Blvd. The developers have enjoyed strong demand at what’s known as Rivet 26, they said, citing its amenity spaces, its proximity to mass transit and adjacent projects on land owned by New Jersey City University.
“Since day one, our goal has been to leverage our deep experience in real estate investment to create an in-demand and dynamic community in support of the city’s west end transformation,” said James E. Hanson II, Hampshire’s CEO and president. “The leasing success we are experiencing at both Rivet 26 and its adjacent sister community, Rivet, speak to the continued successful execution of our vision. We thank our team, project partners, NJCU and Jersey City for their ongoing collaboration as we welcome our first residents.”
The launch of leasing in June came some two years after the developers debuted their initial Rivet project, which featured 163 luxury apartments. Both are part of the master-planned, eight-building University Place project, an ongoing public-private development initiative with NJCU that will yield 1,000 new apartments and access to more than 120,000 square feet of retail, a performing arts center, cafes, theaters and green space.
Rivet 26, designed by Netta Architects and Interior Motives, has amenities such as a landscaped sun terrace with an outdoor bar and fire pits, private grilling and dining areas and a host of indoor offerings, including entertainment lounges, a billiards room, a coffee bar and a co-working lounge with private offices. The property also has 10,000 square feet of street-level retail space, which joins other shops and restaurants in the growing neighborhood east of Route 440, and is less than a third of a mile from NJ Transit’s Hudson-Bergen Light Rail.
Ownership is also offering free direct shuttle service to the Journal Square PATH Station, enhancing access to New York City, according to a news release. Additionally, the property has two bike terminals, 155 structured parking spaces and street parking.
Rents at the collection of studio, one-bedroom and two-bedroom homes begin from the $1,500s.