Continental Properties has secured $49.7 million in construction financing for a Class A luxury apartment development coming to Livingston in Essex County.

JLL said June 20 its Capital Markets team arranged the floating-rate loan with Truist Bank on behalf of the borrower for Highgate at Livingston, a 169-unit, mid-rise development on Eisenhower Parkway.

Based in New York, Continental Properties is a privately owned national real estate company primarily focused on the development, redevelopment and management of residential and commercial investments, with more than 25,000 residences built throughout New Jersey, New York, Florida, California and other locations.

Highgate will feature one-, two- and three-bedroom units with designer kitchens and stainless steel appliances, 9-foot and 10-foot ceilings, oversized windows, walk-in closets, in-unit washers and dryers, updated fixtures and smart technologies. The property will offer 141 market-rate units.

The JLL Capital Markets Debt Advisory team was led by Senior Managing Director Michael Gigliotti, Managing Director Matthew Pizzolato, Vice President Michael Lachs and Analyst Benjamin Morgenthal.

“In a challenging debt market, Truist saw the extraordinary combination of a best-in-class developer, a strong local market and the exceptional quality of the project,” Gigliotti said in a statement. “They delivered competitive loan terms meeting our client’s expectations.”

Highgate’s location offers easy access to Interstates 280, 287 and 78 along with Route 24 and commuter bus and rail service to New York City. Additionally, the property is near Cooperman Barnabas Medical Center, a 597-bed hospital with thousands of employees.

“Upon completion, Highgate at Livingston will be the highest quality luxury community in Livingston to date,” Pizzolato said. “The project will set a new bar for finishes and amenities for a discerning and underserved market. We are proud to play a role in bringing this important project to the market.”

According to JLL, Highgate will offer amenities including a hotel-style lobby with a multistory fireplace; an upscale clubroom; private dining; a fitness center with yoga studio; a coworking lounge; and an outdoor “lifestyle” courtyard with a resort-style pool, fire pits, outdoor kitchen, bar, outdoor TV lounge, dog run and more.