Luxury rental community Bay 151 hits 90% leased on Bayonne waterfront (slideshow)

Jessica Perry//July 14, 2022//

Luxury rental community Bay 151 hits 90% leased on Bayonne waterfront (slideshow)

Jessica Perry//July 14, 2022//

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When leasing kicked off at Bay 151 in Bayonne, things were different. It was May 2020 and the pandemic was in full swing. That led KRE Group to launch a virtual leasing platform for its first residential community along the waterfront in this Hudson County municipality.

Now, with its comfortable living spaces, extensive amenities and open space, Bay 151 has hit 90% leased for its initial 413 residences, KRE Group announced July 13.

At completion, the property will comprise 625 units and 10,000 square feet of retail space. In November, pre-leasing began for Phase 2 (there are three planned) with an additional 213 residences (Phase 1 produced 200). There are already 65,000 square feet of indoor and outdoor social and recreational spaces finished at Bay 151—with more on the way, according to KRE Group.

“More and more people from outside of Bayonne are discovering this unique slice of Hudson County that offers a pleasant, small-town atmosphere with proximity to more urban trappings in neighboring Jersey City and New York City,” said KRE Group President Jonathan Kushner in a statement.

Going to the dogs

In a first for Bayonne, Bay 151 is officially a “Bark Building:” offering pet-friendly amenities and services to enhance life for human residents and their furry friends, KRE group announced in May. Pet amenity and service company Bark Buildings was founded in Jersey City in 2016. With an eye toward national growth, the designation for this property on the Bayonne peninsula marked the company’s first expansion in the Garden State. Read more.

“Bay 151’s well-appointed residences and extensive indoor and outdoor amenities embrace and enhance the area’s appealing character, and we’re delighted that so many residents have chosen to make it their home,” Kushner added.

The 16-acre property is within walking distance of the Hudson-Bergen Light Rail’s 45th Street station and a planned commuter ferry terminal that will offer service to New York City. Situated on the peninsula that formerly housed Bayonne’s Marine Ocean Terminal, the area has now become a different kind of destination, offering skyline views of Manhattan, the greenery of the Bayonne Country Club and new options for retail, residences and recreation, like pocket parks, bike paths and a waterfront walkway.

It’s that kind of easy access to transit and travel options – the New Jersey Turnpike, Interstate 78 and The Holland Tunnel are also nearby – in addition to a burgeoning community, lifestyle perks, open space and lower rents that is drawing renters from other Gold Coast cities – think Jersey City and Hoboken on this side of the river and Brooklyn, Manhattan and Queens on the other – to Bayonne.

Designed by Minno & Wasko Architects and Planners, Bay 151 offers studio, one-, two- and three-bedroom layouts, including some with loft-style floor plans. Monthly rents start from $2,100 with immediate occupancy available.