21 Aug 2014
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Laguna Reaches 100% Leased After Only Six Months; All New, Waterfront Apartments Occupied

Laguna Reaches 100% Leased After Only Six Months; All New, Waterfront Apartments Occupied Laguna Reaches 100% Leased After Only Six Months; All New, Waterfront Apartments Occupied
—Milestone for Newport Signals Strength of Rental Market along Jersey City’s Waterfront—

Laguna, Newport’s newest upscale residential property, has reached 100 percent leased in less than six months, demonstrating the strength of Jersey City’s high-end rental market. The lease for the last remaining residence begins on December 31, 2013. The amenity-packed building, located adjacent to the Hudson River, surpassed leasing expectations and outpaced other luxury rental towers in the city’s booming waterfront district.

“Discerning renters seeking alternatives to New York City are discovering that Newport, with its sweeping views of the city, well-conceived amenities and a short commute, offers better value than areas like Brooklyn, Long Island City and parts of Manhattan,” said Richard LeFrak, Chairman and CEO of LeFrak, the company developing the master-planned community. “There is strong demand for larger, well-appointed homes offering a full-suite of amenities such as rooftop lounges, screening rooms and expanded fitness centers. Newport meets those demands.”

Located at 45 Park Lane South, the 19-story Laguna is the first new development adjacent to Newport Green, the neighborhood’s award-winning 4.25-acre park. Newport Green is the focal point of the community’s final phase of development, which is now underway with the successful lease up of Laguna. The attractive building, comprised of 158 one-, two- and three-bedroom homes, was designed by the NJ-based architectural firm of Poskanzer/Skott.

Interiors and amenities at Laguna were finished by Stevens B. Jacobs Group and Andi Pepper Design, known for their award-winning interior design work at The Edge in Brooklyn and The Gansevoort Hotel in Manhattan. Laguna apartments feature floor-to-ceiling windows, kitchens with stainless steel Whirlpool appliances, quartz countertops and custom ItalKraft cabinetry, and Asko washer/dryers. Building amenities include a screening room featuring a 106” fixed acoustic projection screen and stadium-style seating; a fully-equipped fitness center; a children’s playroom and a resident’s rooftop lounge with patio seating, a pool table and WiFi.

Residents of Newport enjoy 24-hour doorman services, on-site parking and direct access to 15 different fine-dining and fast-casual restaurants; shopping at boutique and name brand stores;  the only enclosed 3-story mall in Hudson County; a preschool and an award-winning private elementary school; a 154-berth marina and yacht club; and a wide range of outdoor experiences at Newport Green park, which features the only urban beach on the Hudson River; a 17,000-square-foot playground with state-of-the-art play equipment and a splash pad; a 30,000-square-foot turf field; a carousel; Ping-Pong tables; free WiFi; and more.

To learn more about Laguna and other rental opportunities in Newport, visit newportrentalsnj.com, email info@lagunaNJ.com or speak directly with a leasing agent by calling 201.626.5001 or visiting the Newport Rental Office at 100 Town Square Place in Jersey City.

Newport is also on Facebook and Twitter. Gain insight into the community lifestyle and stay aware of development updates by connecting on www.facebook.com/NewportRentalsNJ and www.twitter.com/NewportNJ

About Newport, NJ

Minutes from Manhattan via the PATH train, ferry or car, and fronting on the Hudson River, Newport is currently home to more than 15,000 residents living in 14 high-rise condominium and rental towers.  The community offers shopping, fine dining, parks, and leisure activities for those residing and working there.  Eight state-of-the-art Class A office towers provide more than five million square feet of office space to more than 20,000 professionals. Convenient on-site neighborhood features include a preschool and private elementary school; Newport Swim and Fitness Center; Newport Centre Mall; and national retailers such as Macy’s, Target, H&M, and Coach.  Newport’s attractive Hudson River Waterfront Walkway has direct pedestrian access to Downtown Jersey City and the Hoboken New Jersey Transit Terminal. For more on Newport visit www.NewportNJ.com.

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