A developer has completed the second piece of a high-end apartment complex in an up-and-coming section of Jersey City along the Hoboken border.
The firm, Manhattan Building Co., announced it had opened the doors to the 27-story, 232-unit project known as Cast Iron Lofts II. The industrial-style property sits at 300 Coles St., just west of the Holland Tunnel and adjacent to the 155-unit first phase of the project.
Cast Iron Lofts I has leased up since its opening about two years ago, Manhattan Building said in a news release. Work is now underway on what will be a two-tower third phase, which will add another 377 units to what the firm dubs SoHo West.
When complete, the development will include 1,360 units with a slew of amenities and street-level retail space. Already, the Cast Iron Lofts property features a Pilates and yoga studio known as 8 Springs Studio, a coffee shop called Brewshot and Viaquenti Academy, a bilingual preschool.
“Cast Iron Lofts has brought a whole new community to this part of the city, truly creating a neighborhood blended with residences and small businesses,” Jersey City Mayor Steven Fulop said at a ribbon-cutting ceremony last week. “We look forward to meeting our newest residents and welcoming more as we continue to grow this into a vibrant area.”
Cast Iron Lofts II had leased nearly 70 percent of its units at the time of the ceremony last week, following the start of its leasing period about four months ago, the news release said. Homes at the building range from 885 to 1,885 square feet of living space at monthly rents starting from $2,495.
“We envisioned the Cast Iron Collection as a live/play environment that blends oversized, luxury apartment homes with world-class amenities and community retail services,” said Lou Mont, chief operating officer of Manhattan Building Co. “We’re closer than ever to achieving that goal. We’re delighted the public has fully embraced the opportunity to live in one of Jersey City’s burgeoning new neighborhoods.”
With 10-foot-high ceilings, oversized windows and high-end finishes, the project is the latest luxury rental building to come to the booming multifamily market on New Jersey’s Gold Coast. Its offerings include a resort-style, 17,000-square-foot rooftop deck with a heated pool and a host of outdoor amenities, along with several features inside the building such as a state-of-the-art fitness center and resident lounge.