What was at first considered a quixotic quest has, over the past three decades, become Jersey City’s premier waterfront neighborhood and the catalyst for the city’s entire comeback.
Not long ago, Jersey City’s waterfront was a deteriorating vestige of the city’s industrial past bespectacled with century-old warehouses, some abandoned, others still bustling all set among a patchwork of rail tracks that once provided a conduit for NYC’s importing and manufacturing industries to the rest of the country.
As times and technology changed, the once thriving gateway began to quiet and empty, becoming a stark disparity to the growing metropolis across the Hudson River. Then in 1986, Melvin Simon, the iconic retail magnate, saw an opportunity to transform this area into what would become some of NJ’s most valuable and sought after real estate.
The monumental task required master planning and deep pockets, so Simon tapped Samuel LeFrak to join him in his quest to create the “experimental prototype city of tomorrow.” Fast forward 30 years and the experiment is an unequivocal success.
The resulting prototype city, now called Newport, is a master-planned community along the city’s waterfront. Spanning roughly 600 acres and sitting across the river from Tribeca, the neighborhood is home to luxury housing, extensive amenities, and convenient, quick commutes into Manhattan.
Similar in ambition, Newport is most-closely compared to Manhattan’s Battery Park City, though on a much larger scale, with Newport covering an area roughly six times as big. A waterfront promenade presents unmatched views, while numerous parks offer a respite from city life’s hectic beat. A truly mixed-use community, Newport blends residential, retail, and office space to create a lively live, work, play locale.
Now, as the neighborhood enters its prime, only a handful of development sites remain. Currently finishing up construction, Park and Shore is the neighborhood’s latest condominium project, and like many before it, is surpassing expectations.
Designed by Woods Bagot, Park and Shore consists of two separate buildings offering jaw-dropping exteriors, thoughtfully designed interiors that suit every lifestyle, and world-class amenities. Shore House, a Tribeca-inspired boutique building features 71 loft style residences while 75 Park Lane is an ultra-luxury 37-story high rise housing 358 residences. Together the two are the most coveted pair of addresses on Jersey City’s waterfront.
The Marketing Directors, the building’s exclusive sales and marketing team, recently announced the project surpassed 60% sold. Closings began earlier this year and residents are already calling Park and Shore home. Prospective purchasers now have the opportunity to tour new model residences with many homes available for immediate occupancy.
At Shore House, one bedroom residences are starting at $775,000 and two-bedroom residences are starting at $1,200,000.
75 Park Lane offers studios starting from $490,000, one bedrooms from $760,000, two bedrooms from $1,155,000, and three bedrooms from $2,250,000.