The collection of 250 new residences is adjacent to Rutgers-Newark, offering panoramic views of the city, a rooftop terrace, retail space and more.

On May 10, JLL Capital Markets announced it closed on the non-recourse construction-to-perm package for the property at 532 Summit Ave. on behalf of the borrowers, Urby and Panepinto Properties

The pet-friendly rental community, which features individual vegetable garden plots, a heated swimming pool and patio, on-site resident coordinators, 13,000 square feet of indoor fitness space, and more is celebrating the addition of 381 units.

Opening this fall, the property will include a full-size indoor basketball court and café in addition to studio, one-bedroom, two-bedroom and three-bedroom layouts.