Cast Iron Lofts II in Jersey City — Courtesy: Manhattan Building Co.
By Joshua Burd
A developer has found success once again in a lesser-known section of Jersey City.
The firm, Manhattan Building Co., announced last week that it had completed leasing at the second upscale apartment building in its Cast Iron Collection, a multiphase development near the border of Hoboken. The developer reached the milestone just eight months after opening the 232-unit, 27-story tower at Coles Street and 17th Street, just blocks from the Holland Tunnel.
While not far from downtown Hoboken or the Jersey City waterfront, the property sits among many warehouses and low-slung buildings that are more reminiscent of the area’s past. But Manhattan Building Co. has captured the demand for luxury living that has been seen in more high-profile parts of the Gold Coast, paving the way for a complex that will include 2,500 units.
Already, the firm said it has brought 800 new residents to the area.
Like the 155-unit first phase of the development, Cast Iron Lofts II features loft-style rental homes, luxury amenities and ground-floor retail space. It has helped Manhattan Building brand the area as SoHo West, referring to its location south of Hoboken and west of Manhattan.
“There’s an energetic and lively environment at the Cast Iron Collection that can be felt from the moment you enter the buildings,” said Lou Mont, chief operating officer of the Hoboken-based firm. “This spirited atmosphere, combined with some of the most spacious apartment homes in the Hudson County market, fueled our incredible leasing success at Cast Iron Lofts II.”
The current buildings include 20,000 square feet of street-level retail space occupied by 8 Springs Studio, a Pilates and yoga studio, and a bilingual preschool known as Viaquenti Academy. The developer also said Brewshot, a coffee shop that has several other locations in Jersey City and New York City, is also expected to debut in the space by the end on 2016.
In a news release, Manhattan Building Co. touted its other amenities at Cast Iron Lofts II, including a 17,000-square-foot rooftop deck with a heated pool, private cabanas and gas grills. Inside, the building has a state-of-the-art fitness center, a yoga studio, business center and other features.
The landlord also offers complimentary daily shuttle to nearby PATH stations and NY Waterway ferry terminals, the news release said. The complex also features a “SoHo Link” service that provides transportation to local destinations such as SoHo in New York City.
“The public strongly believed in the SoHo West neighborhood we’re creating here and are now reaping the benefits in full-service high-rise buildings that have quickly become one of Jersey City’s most desired addresses,” Mont said. “In fact, the resident referrals we’ve received at Cast Iron Lofts II have been beyond anything we’ve ever seen in any of our prior developments.”