{"id":1004128768,"date":"2015-10-06T06:42:29","date_gmt":"2015-10-06T14:42:29","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004128768"},"modified":"2022-12-04T01:21:23","modified_gmt":"2022-12-04T09:21:23","slug":"new-jerseys-tallest-apartment-building-tops-off","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/new-jerseys-tallest-apartment-building-tops-off\/","title":{"rendered":"New Jersey\u2019s Tallest Apartment Building Tops Off"},"content":{"rendered":"

\"harborside<\/a>By Scott Baltic, Contributing Editor <\/em><\/p>\n

New Jersey\u2019s tallest residential building has topped out and is on track to be open for residents by the fourth quarter of next year. Mack-Cali Realty Corp. and Ironstate Development Co., the tower\u2019s developers, made the announcement\u00a0last week.<\/p>\n

The building is the 713-foot, 69-story URL Harborside 1, the first of a planned three residential towers in Mack-Cali\u2019s Harborside mixed-use development in downtown Jersey City. When eventually completed, the towers will comprise 2,358 residences overlooking the Manhattan skyline.<\/p>\n

The URL in the name of the 763-unit, approximately $330 million development stands for \u201cUrban Ready Life,\u201d a concept, according to Ironstate, that aims at addressing urban challenges like commuting, a lack of green space and time pressures. The multifarious design solutions include built-in washers and dryers, layouts and clean design that \u201camplify the sense of light and space in every unit,\u201d free building Wi-Fi, an on-site caf\u00e9, bicycle storage, a \u201csmart locker\u201d system that accepts packages, open public spaces, and community garden plots.<\/p>\n

The tower was designed by Dutch architecture firm Concrete. The location reportedly provides easy access to public transportation via the Exchange Place PATH station, the Hudson-Bergen Light Rail and nearby ferry.<\/p>\n

As affordable rents continue to draw New York City workers to apartments in northern New Jersey, especially Jersey City and other parts of Hudson and Bergen counties, developers are working overtime to keep up, according to a third-quarter report from Marcus & Millichap.<\/p>\n

Although deliveries this year reportedly will hit their quickest pace in the last decade (more than 7,900 completions), the report continues, \u201cthe effects on vacancy have been nonexistent as tenants have absorbed nearly double the amount completed during the past year.\u201d<\/p>\n

As a result, effective rents have grown for four consecutive years, as supply still lags demand for rentals. Average effective rents are expected to rise 3 percent, to $1,955 a month, according to M&M.<\/p>\n

Meanwhile, Ironstate is also deploying its URL concept at two other projects. One is a waterfront development in the Stapleton area of Staten Island, in the form of a project that will include, in addition to 900 units of LEED-certified housing, 30,000 square feet of ground-floor retail, 600 parking spaces and a public plaza. The other is in Stamford, Conn., where a long-vacant CBD site will become a 670-unit apartment development with an entrance caf\u00e9, communal working area, gym facilities, a landscaped courtyard, swimming pool and 550 parking spaces.<\/p>\n","protected":false},"excerpt":{"rendered":"

The community’s developers aim to lure NYC renters to the $300 million Jersey City development by addressing \u2014 and solving \u2014 urban challenges.<\/p>\n","protected":false},"author":882,"featured_media":1004128771,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21808,21742,10],"tags":[],"class_list":["post-1004128768","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-featured","category-latest","category-northeast"],"acf":[],"yoast_head":"\nNew Jersey\u2019s Tallest Apartment Building Tops Off - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/new-jerseys-tallest-apartment-building-tops-off\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Jersey\u2019s Tallest Apartment Building Tops Off\" \/>\n<meta property=\"og:description\" content=\"The community's developers aim to lure NYC renters to the $300 million Jersey City development by addressing \u2014 and solving \u2014 urban challenges.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/new-jerseys-tallest-apartment-building-tops-off\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-10-06T14:42:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-04T09:21:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/harborside-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"971\" \/>\n\t<meta property=\"og:image:height\" content=\"1434\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/new-jerseys-tallest-apartment-building-tops-off\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/new-jerseys-tallest-apartment-building-tops-off\/\",\"name\":\"New Jersey\u2019s Tallest Apartment Building Tops Off - 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He started writing about CRE in 1988 for a group of Chicago-based publications and in 1989 became the editor of Midwest Real Estate News. After moving on from there in 1991, Baltic continued writing occasionally about real estate, for publications like the Chicago Sun-Times, National Real Estate Investor, Urban Land, Shopping Center World and Architect\u2019s Newspaper. He earned a master\u2019s in journalism from Northwestern University\u2019s Medill School of Journalism and has a bachelor\u2019s from North Park University.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/scott-baltic\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"New Jersey\u2019s Tallest Apartment Building Tops Off - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/new-jerseys-tallest-apartment-building-tops-off\/","og_locale":"en_US","og_type":"article","og_title":"New Jersey\u2019s Tallest Apartment Building Tops Off","og_description":"The community's developers aim to lure NYC renters to the $300 million Jersey City development by addressing \u2014 and solving \u2014 urban challenges.","og_url":"https:\/\/www.commercialsearch.com\/news\/new-jerseys-tallest-apartment-building-tops-off\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2015-10-06T14:42:29+00:00","article_modified_time":"2022-12-04T09:21:23+00:00","og_image":[{"width":971,"height":1434,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/harborside-1.jpg","type":"image\/jpeg"}],"author":"Scott Baltic","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/new-jerseys-tallest-apartment-building-tops-off\/","url":"https:\/\/www.commercialsearch.com\/news\/new-jerseys-tallest-apartment-building-tops-off\/","name":"New Jersey\u2019s Tallest Apartment Building Tops Off - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/new-jerseys-tallest-apartment-building-tops-off\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/new-jerseys-tallest-apartment-building-tops-off\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/harborside-1.jpg","datePublished":"2015-10-06T14:42:29+00:00","dateModified":"2022-12-04T09:21:23+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/new-jerseys-tallest-apartment-building-tops-off\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/new-jerseys-tallest-apartment-building-tops-off\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/new-jerseys-tallest-apartment-building-tops-off\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/harborside-1.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/harborside-1.jpg","width":971,"height":1434},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/new-jerseys-tallest-apartment-building-tops-off\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"New Jersey\u2019s Tallest Apartment Building Tops Off"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555","name":"Scott Baltic","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96","caption":"Scott Baltic"},"description":"Scott Baltic has been a contributing editor with Commercial Property Executive since 2011 and also wrote for its predecessor, Commercial Property News. 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He earned a master\u2019s in journalism from Northwestern University\u2019s Medill School of Journalism and has a bachelor\u2019s from North Park University.","url":"https:\/\/www.commercialsearch.com\/news\/author\/scott-baltic\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/harborside-1.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004128768","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/882"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004128768"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004128768\/revisions"}],"predecessor-version":[{"id":1004616352,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004128768\/revisions\/1004616352"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004128771"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004128768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004128768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004128768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}