Page 31 - Vol.5 No. 7 July 2021

PROJECT UPDATES
A new 240-unit luxury apartment building in Park Ridge has hit
the market, offering a downtown location and immediate access to the borough’s train station.
Claremont Development, the firm behind the five-story project known
as The James, recently unveiled the collection of upscale studio, one- bedroom and two-bedroom homes after a long-awaited project in the Bergen County borough. The company launched leasing in early June, having already rented more than a quarter of its units during a preview period.
“We are thrilled to announce the launch of leasing
managing partner of Claremont Development. “The James offers the best aspects of modern, city-style living, but in a charming suburban location. With our downtown surroundings, sophisticated interior spaces, and upscale lifestyle amenities, this is the perfect backdrop for a well-balanced live- work-play lifestyle.”
As of early June, monthly rental rates at the property started from $1,950 with incentives, according
to a news release. Claremont hopes to lure renters with amenities such as a coffee bar, a clubroom with billiards and shuffleboard, a tasting room with a catering kitchen and co- working spaces with private offices. Additional features include a modern fitness center and outdoor offerings such as a pool, grilling and dining areas and a turf lawn, among others.
The property, designed by Minno & Wasko Architects and Planners, also includes more than 17,600
The James, a 240-unit luxury multifamily complex at 87 Madison Ave. in Park Ridge, launched its leasing program in early June after a successful preview period.
Richard Sciaretta
at The James and proud to introduce an exciting new residential option to Park Ridge,” said Richard Sciaretta,
square feet of retail space that
joins the downtown’s mix of shops, restaurants and local businesses, Claremont said. What’s more, renters will be a block from NJ Transit commuter rail service on the Pascack Valley line and minutes from the Garden State Parkway and Palisades Parkway.
“We wanted The James to be more than just a luxury apartment building. We wanted it to be a true community in every sense of the word, with
homes that are the right fit for the long term,” Sciaretta said. “Our residents will enjoy a maintenance- free lifestyle with first-class building management and services that give them the peace of mind of knowing they are taken care of around the clock.”
The project, which is helping Park Ridge satisfy its state-mandated affordable housing obligations, has redeveloped the site of a former waste transfer station.
ON TRACK IN WOODBRIDGE
Prism Capital Partners has broken ground on a project that will bring more than 380 apartments and townhomes to downtown Dunellen, about a mile south of Route 22.
The builder, which has started earthwork and utility construction
at 100 South Washington Ave., is redeveloping the former longtime home of an obsolete industrial facility, seeking to capitalize on a location adjacent to NJ Transit rail service. Its plans include 194 one- and two-bedroom market-rate rentals
and 58 units reserved for low- and moderate-income residents, along with 10,000 square feet of retail space at the train station.
Additionally, the property will include 130 for-sale townhouses, which
will be developed by a national homebuilder.
“Dunellen Station will offer a
diverse range of housing options in order to meet the needs of multiple segments of the market,” said Robert Fourniadis, Prism’s senior vice president for residential. “Future
residents will enjoy all the benefits of downtown
living, along
with onsite
support retail
and abundant
lifestyle
amenities. We
are so pleased
to be moving
forward with
this outstanding project.”
Slated for completion next spring, the project will benefit from its access to routes 22 and 28 and interstates 78 and 287. The Nutley- based developer said residents will enjoy amenities such as a clubhouse, meeting rooms, a fitness center and an outdoor pool with a patio and entertainment area.
The City Invincible-designed development is meant to reflect the character of the former Art Color building, which had loomed over the site with a footprint of some 400,000 square feet. Prism began to raze the structure in late 2018. RE
REALESTATENJTM 29
DOWNTOWN REVIVAL
CLAREMONT UNVEILS LUXURY APARTMENTS IN PARK RIDGE
ENGINEERING | PLANNING | SURVEYING | LASER SCANNING LANDSCAPE ARCHITECTURE | STRUCTURAL | TRANSPORTATION WATER/WASTEWATER
Freehold
300 W Main Street Freehold, NJ 07728 P 732.665.5500
Cedar Knolls
54 Horsehill Road, Ste 100 Cedar Knolls, NJ 07927 P 973.359.8400
BOWMAN.COM
Robert Fourniadis
Courtesy: Alex Staniloff of Gotham Interiors