The Modern in Fort Lee — Courtesy: SJP Properties
By Joshua Burd
SJP Properties is touting a leasing milestone at the second of two 47-story residential towers in Fort Lee, part of a high-profile redevelopment at the foot of the George Washington Bridge.
The developer announced Wednesday that renters have leased more than 60 percent of phase two at The Modern, which sits on Park Avenue just north of Main Street. Like its sister building, the tower includes 450 upscale apartments with amenities and sweeping views of Manhattan and the Hudson River.
SJP has built the project in partnership with PGIM Real Estate and Northwestern Mutual Life Insurance Co. Monthly rents begin at $1,717 for a studio, $2,631 for a one-bedroom, $3,604 for a two-bedroom and $6,466 for a three-bedroom layout.
“The Modern is an incomparable offering,” Enrique Alonso, an executive vice president with SJP Properties, said in a prepared statement. “We’ve created a luxury residential community that’s also contributing to the economic vitality of Fort Lee, effectively establishing this area as a true destination along the Gold Coast.
“We were thrilled with the response we received to Phase I, and we’re excited to see Phase II drawing residents in even more quickly than the first tower.”
Designed by Elkus Manfredi Architects, The Modern features floor-to-ceiling windows, high-end interiors and 150,000 square feet of indoor and outdoor amenities. The newest tower includes a modern fitness center and spa, a bowling alley and other offerings, along with outdoor features such as an infinity pool, a basketball court and an expansive rolling lawn area.
The complex also features a nearly two-acre public park that sits between the two towers, which was inspired by Manhattan’s Central Park and is available to both residents of The Modern and of Fort Lee. Meantime, the property is home to an American-Asian-Cuban restaurant known as Ventanas, with both indoor and outdoor dining and plans to offer poolside service at The Modern starting this summer.
“We aren’t just building iconic towers in Fort Lee,” Alonso said. “We’re bringing truly upscale living and dining experiences into the borough, and creating even more cultural and economic assets to draw people back to the downtown area.”