Ground was just broken at Woodmont Bay Club, a new luxury rental project on the western shore of Bayonne. The four-story building will be located at 190 West 54th Street, between Kennedy Boulevard and Rutkowski Park. A joint venture between Woodmont Properties and Baker Residential, its 220 apartments will range from studios to three-bedrooms, and come with the commensurate amenities. Completion is expected in a year and a half.
Baker Residential has owned the property, the site of the Hi Hat catering hall and night club which once hosted Frank Sinatra and Jackie Gleason, for 10 years. However, the economic downturn kept them from moving forward with the project. Finally, they rethought the building as a rental and started looking for a partner.
“As we recognized how the market changed, we really saw an opportunity for this kind of high-quality rental community,” Chris Baker, President of Baker Residential, told Real Estate NJ. “And we knew that we were getting a little bit outside of our wheelhouse, so we felt like it was really important to find the right strategic partner that is developing this kind of high-quality, Class A residential rental properties right in the area. So when we started talking to Woodmont, we knew it was a great fit.”
Designed by Victor Mirontschuk of EDI International, Woodmont Bay Club will have studios, one-bedrooms, two-bedrooms, and three-bedrooms. Apartments on the third and fourth floors will have water views. Amenities will include a swimming pool, fitness center, game room, garage, and a rooftop terrace.
Bayonne has been incredibly proactive with developers and Woodmont Bay Club is just one of six redevelopment projects currently underway, according to Mayor Jimmy Davis. “If you drove around Bayonne over the last probably 10 years, you would have seen a lot of empty lots like this,” said Davis. “And now, if you go back around, you will see these lots with this type of construction going on.”