Jersey City’s RIVET 26 in University Place opens with strong leasing demand

RIVET 26, the brand-new luxury residential community, is welcoming its first residents at University Place, Jersey City’s transformative masterplan community in the city’s west end.

A combined vision of The Hampshire Cos., Claremont Development and Circle Squared Alternative Investments, RIVET 26 has seen strong leasing activity and is currently more than 50% leased since opening in June, the partnerships announced Aug. 30.

Located at 26 University Place Blvd. in Jersey City, RIVET 26 offers residents 199 modern rental homes, a wealth of amenities and 10,000 square feet of service-oriented ground-level retail. It joins sister community, RIVET, a 163-unit luxury apartment building also completed by The Hampshire Cos., Claremont Development and Circle Squared Alternative Investments in 2019.

Less than one-third of a mile from the Bergen Hudson Light Rail stop, RIVET 26 provides access to the Hackensack River Waterfront and Hoboken, promising convenient proximity to all that the Gold Coast and the New York City metro area have to offer. In addition to Bergen Hudson Light Rail accessibility, the property offers complimentary direct shuttle service to the Journal Square PATH Station, enhancing access to New York City. Two bike terminals, 155 structured parking spaces and street parking further complement the transportation options available for commuters.

“Since day one, our goal has been to leverage our deep experience in real estate investment to create an in-demand and dynamic community in support of the City’s west end transformation,” said James Hanson II, president and CEO of The Hampshire Cos. “The leasing success we are experiencing at both RIVET 26 and its adjacent sister community, RIVET, speak to the continued successful execution of our vision. We thank our team, project partners, NJCU and Jersey City for their ongoing collaboration as we welcome our first residents.”

Developed in conjunction with New Jersey City University and Jersey City, University Place will include the construction of eight buildings, 1,000 new luxury rental residences and access to more than 120,000 square feet of retail, a performing arts center, cafes, theaters, and lush green space.

RIVET 26 was designed by project architect Netta Architects and interior design was overseen by Interior Motives. Property management services for RIVET 26 are provided exclusively by RHO Residential.