By Joshua Burd
Five tenants will combine to fill the ground floor of a new mixed-use development in Jersey City, following a series of leases arranged by brokers with RKF.
In a news release, the firm said it represented Toll Brothers City Living in leasing the first phase of The Morgan at Provost Square, a 39-story project at the corner of Bay and Morgan Streets. The deals total 13,020 square feet, marking the completion of the retail leasing for phase one of the project.
The largest among them is a 6,070-square-foot lease with Learning Ladders, a preschool operator that is opening its second New Jersey location at the site, RKF said. The firm also represented Toll in the 2,062-square-foot transaction with Powerflow Yoga, a yoga studio chain that is marking its 12th location.
The other deals include a 1,518-square-foot commitment by Uni K Wax, a body waxing chain, and a 1,000-square-foot lease by Blo Blow Dry Bar, a national blow dry salon chain that is opening its first location in the Garden State.
RKF also said Toll Brothers City Living leased about 2,000 at the project for its sales office.
RKF Senior Managing Director Glenn Beyer and Senior Associate Robert Mackowski represented the developer in all five leases. Cresa’s James Scancarella represented Powerflow Yoga and Newmark Knight Frank’s Philip Grosse represented Learning Ladders, while AG Consulting’s Adam Goldschmidt represented both Uni K Wax & Blo Blow Dry Bar.
Located at 160 Morgan St., The Morgan at Provost Square is a luxury, mixed-use building in Jersey City’s Powerhouse Arts District. The project’s first phase includes 925 condominium and rental units, a 550-seat performing arts space and a pedestrian plaza.
The property sits one block north of the Grove Street PATH Station and two blocks west of the Harsimus Cove Light Rail Station in the Hudson County city.
“The Morgan at Provost Square offers the best of upscale urban living in the vibrant arts district of Jersey City,” Beyer said. “With its stunning views and world-class amenities, The Morgan is sure to attract well-heeled thirtysomethings and families—and the neighborhood to become the epicenter of retail, food and entertainment in Jersey City.”
