The lobby at 30 Court in Morristown — Courtesy: PCD Development
(Editor’s note: This story was updated on Wednesday, July 7, 2021, with current leasing totals.)
By Joshua Burd
PCD Development has nearly completed its lease-up of a 58-unit luxury apartment building in Morristown, working alongside agents with Coldwell Banker New Homes.
The property, 30 Court, opened last fall at a location two blocks from the town’s acclaimed central business district and the Morristown Green, offering a mix of two-bedroom and two-bedroom-plus-den homes as large as 2,000 square feet. The developer said renters have helped bring the building to near full occupancy after a surge of activity in June.
Net-effective monthly rents start at $3,650.
“30 Court is the most unique rental in the Morristown market,” said Jonathan Stein, founder and managing member of PCD Development. “With its large, luxuriously appointed homes, five-star amenities and true downtown location, it offers the ideal living environment for renters ranging from empty-nesters looking to scale down from estate homes to young couples and single-professionals seeking to elevate their lifestyle. Its attractiveness to such as broad spectrum of renters has directly resulted in the high leasing velocity we’re seeing today.”
PCD welcomed its first residents at 30 Court late last year, offering units with upscale interiors and technological enhancements. Amenities include a modern fitness center, a clubroom and an entertainment lounge, along with a landscaped courtyard with shaded seating and dining areas, oversized fireplace and fire pits and an outdoor kitchen area with grill stations.
Aside from being near the dining, retail and cultural offerings of the downtown, The Residences at 30 Court is a mile from the Morristown train station. The building is also a short drive from interstates 287, 78 and 80, along with Route 202 and the Garden State Parkway.
PCD hits 50 percent leased milestone at Morristown rental building
