For M2M Development, the only way is up. The company’s premier status as Jersey City, Hoboken, and the surrounding markets’ luxury developer was further confirmed with several high-caliber projects underway in the coming year that will accelerate the level of high-end real estate available in the Jersey City region.
In a testament to the market’s confidence in M2M’s signature product, design, and delivery, an astounding 86% of M2M’s properties are sold prior to hitting the market. This level of demand is remarkable, but unsurprising considering M2M’s accelerated growth since the innovative company was launched in 2015. The company’s ongoing popularity confirms the market’s enthusiasm for M2M’s high-quality projects regardless of wider market trends.
With numerous exciting projects on the horizon, M2M Managing Partner Joseph Damanti recruited Jodi Shein as Chief Operating Officer (COO) as part of the exciting next chapter in the company’s expansion. A skilled real estate professional who has amassed over $600 million in luxury property sales in major US markets, Shein brings a wealth of experience in sourcing transaction opportunities, developing market strategy, and aiding in all project management aspects, including positioning, marketing, design, and vision to M2M.
Off to an exceptional start, Shein’s initial month at M2M resulted in the sell out at 37 Graham Street during pre-construction. The brand-new build in The Heights features luxurious essentials, such as chef-inspired kitchens, and a rooftop that offers highly sought-after NYC skyline views.
The ever-popular Bergen-Lafayette neighborhood is next in line, with the M2M team preparing to launch a premium two-unit project at 20 Westervelt Place. The project’s foundational work is aimed to be completed this summer so potential buyers can undertake walkthroughs by autumn.
In true M2M standards, each unit at 20 Westervelt Place will feature a private roof deck with spectacular skyline views of Manhattan, along with two- and three-story expansive floor plans, state-of-the-art finishes, and highly coveted garage parking. Projects of this caliber are particularly important to M2M as the neighborhood offers exceptional potential due to its proximity to the waterfront Liberty State Park along with enviable transit options, such as the PATH, light rail, and major roads, providing efficient access to New York City. Being situated near walkable boutique cafes and shops is an extra advantage for this project, as future residents will benefit from the convenience and enjoyment of this desirable Jersey City lifestyle.
M2M’s projects unsurprisingly attract interest from various stakeholders, but the highly anticipated 338 7th Street project scheduled for later this year in downtown Jersey City shall offer unparalleled luxuries. The four-unit project is situated less than one block from Hamilton Park, with each unit boasting a private elevator and private terrace. M2M’s partner Damanti revealed each unit’s finishings will be “made-to-measure, completely bespoke, the best of any project to date,” with the units anticipated to feature Genrose tiles, Dacor 36in Gas Range, pressed matte acrylic cabinetry, poured black concrete counters, and a custom wet bar.
What’s more, this spectacular building will feature a full-size shared rooftop with unobstructed 360-degree views, plus a shared backyard and pet-friendly space. With exceptionally high standards for finishes and amenities, it’s no wonder M2M is the Jersey City market’s go-to for innovative, luxurious developments.
A busy 2022 is well underway for M2M, with 2023 shaping up to be as equally impressive. An exciting new project is scheduled to commence at Jersey City Heights in the new year. The highly anticipated project will be located at 34 Manhattan Avenue with plans to break ground currently underway.
With M2M’s impressive record of surpassing expectations in the luxury development market, their future projects are destined to be eagerly received by the Jersey City market.