Prospect Crossing at 117-121 Prospect Ave. in Bayonne — Photo by Anthony Kufta/Courtesy: Vida Capital
By Joshua Burd
Commercial real estate firm Vida Capital is set to unveil a new 44-unit luxury apartment building that has brought new life to a former industrial property in Bayonne.
Known as Prospect Crossing, the project at 117-121 Prospect Ave. will hit the market later this month with the launch of leasing for its collection of studio, one-bedroom and two-bedroom homes. The five-story building is now undergoing its finishing touches, the developer said, boasting a location that is a four-minute walk to the Hudson-Bergen Light Rail’s 22nd Street station and a 15-minute drive to Newark Liberty International Airport.
Vida Capital expects that access to be a draw for renters. It’s also offering a series of upscale amenities at the site, the former home of a warehouse.
“Prospect Crossing is an example of how Vida Capital is altering the built landscape by replacing conventional, underperforming properties with design-forward apartment-rental living experiences that respect the city’s rich industrial-era history,” said Shirley DelRosario, managing partner. “As a company and as local residents ourselves, we hail from Bayonne and are committed to leveraging its greatest asset — transit and highway connectivity — to mirror neighboring Hudson County communities such as West New York and Union City that have undergone their own renaissance while retaining its unique identity.”
Prospect Crossing, which sits atop a gated ground-floor parking garage, has floorplans ranging from 459 to 1,210 square feet, some of which include dens, according to a news release. The developer noted the entire building has been constructed using gypsum concrete, which is known for its sound-reduction properties.
Amenities at the building include a 725-square-foot fitness center, lounge and club rooms, 700 square feet of office space and a 1,200-square-foot outdoor patio mezzanine with 360-degree views of the Manhattan skyline, according to a news release. Minervini Vandermark Melia Kelly of Hoboken is the project’s architect.
“As a lifelong resident of Bayonne myself, I find great excitement in witnessing and contributing to its development and growth,” said Costanza Realtors’ Maria Alba, the building’s leasing agent. “At Prospect Crossing, luxury living is redefined with a unique twist that blends Bayonne’s style and all of its nearby conveniences. It’s a privilege to share the hidden treasures of Bayonne with newcomers.”
Vida Capital noted that development in Bayonne has spurred the growth of new businesses along Broadway, a commercial strip spanning 3.5 miles with eateries, shops and green spaces such as the 97-acre Stephen R. Gregg Park. Prospect Crossing is also minutes from Route 440 and its selection of regional and national retailers, from big-box warehouse clubs to quick-casual dining establishments.
Residents of the property can have a 35-minute commute to Manhattan via the Hudson-Bergen Light Rail’s connection to the PATH train.
“Bayonne has successfully rebranded itself as a ‘citifed’ suburban bedroom community,” DelRosario said. “In fact, it has become known for its sense of proximity — the best of two worlds close enough to New York City with a small-town vibe.”
