The former COO of the Manhattan Building Company has started a new development firm with plans for a 14-story high-rise in North Bergen and a 350-unit residential project in the Bergen-Lafayette section of Jersey City, near Liberty State Park.
Louis Mont, a real estate builder with 40 years of experience developing along the Hudson River, announced last month the formation of Skyline Development Group, LLC, which “will focus its efforts on mixed-use and high-rise development opportunities in key New Jersey Gold Coast cities where his expertise in design and development, marketing, leasing, occupancy, and management can be employed,” according to Mont.
The company has already secured property rights to develop a 300- to 350-unit project in Jersey City’s historic Bergen-Lafayette neighborhood, an area west of Liberty State Park that has gotten a boost in the last two decades with the addition of the LSP light rail station. Several large development sites in the area are already rising in vacant areas or being adapted from factories.
The unnamed residential project will be located on Communipaw Avenue, two blocks from the light rail station and adjacent to Berry Lane Park.
“Skyline Development is working with Jersey City to amend the Redevelopment Plan to take what is now an industrial zoned property and change it to residential,” said Lou Mont, “after which we will go for site plan approvals. The company has also proposed including several items in the development plan which would be deeded to the city, such as a recreation center and some available parking for visitors to the park.”
The company also has acquired a fully approved 14-story project in North Bergen that will deliver 70 boutique condominiums to 8701 Churchill Road, just off River Road and near the border with Edgewater.
Skyline has secured $55.5 million in financing for the building from Mosaic Real Estate Investors, and construction is slated to begin in September.
“The property will be a stark contrast to larger for-sale waterfront buildings in Edgewater and Weehawken by providing a more intimate and personalized living environment,” Kelly said. “Homes will boast floor-to-ceiling windows and balconies to maximize spectacular views from every unit, stretching across the Hudson River to the New York City skyline.”
The building will feature a spa with hot tub, carbon tank, and sauna.
Mont, whose prior company was known for Soho Lofts and several other award-winning projects in Jersey City, said, “It’s no secret Hudson County has become a hotbed of residential development and a sought-after location for both New York metro area buyers and renters. I’m thrilled to be able to create a fresh new company that’s uniquely positioned and staffed to tap into this flourishing market.”
The company’s new offices are located at 8806 Churchill Road in North Bergen.