Christie’s International Real Estate Northern New Jersey said its Montclair Office, in an agreement with Sound Development, will be the leasing agent for Ethos, a new apartment development at 558 Franklin Ave. in Belleville.
Donna Keena, a Christie’s agent based in Montclair who will serve as the leasing agent, assisted the developer in establishing the necessary professional team to make its application to the Township of Belleville, and supported the team through all required municipal approvals.
The Ethos development replaces a gas station and several aged buildings on the Belleville/Nutley border, transforming the look and feel of the neighborhood.
“Ethos represents a facelift for the area and provides a level of consistency in the residential neighborhoods of both Belleville and nearby Nutley,” said Keena. “I am fortunate to have been surrounded by such a professional team, along with the town, that worked well together to get the project approved.
The new development, which broke ground on Oct. 29, will feature 56 studio and one-bedroom apartments. The building, which boasts stunning architectural features and on-site parking, will feature a rooftop lounge, a first-floor commuter lounge, and an on-site gym.
According to township officials, they anticipate this project will be the first of a series of developments that will bring additional tax retables to the Township, helping to stabilize and offset its tax burden.
“As we continue to expand our footprint in northern New Jersey, we are continually looking for ways to serve the people, municipal governments, and real estate developers throughout the region. We may be a real estate company, but our efforts extend beyond the traditional purchase and sales of residential and commercial property,” says Juan Rivera, regional vice president of Hudson and Essex counties. “We look forward to demonstrating our industry skill and acumen, working with both the developer and Township officials to make Ethos a success.”