—New Jersey’s luxury residential boom has led to the inception of several noteworthy addresses stretching from the state’s Gold Coast, down to its fabled shore points.
In the last decade, residential real estate on the New Jersey coast has skyrocketed. Young professionals and CEOs alike have traded in their Manhattan addresses for condos on the Left Bank. Looking back to my collegiate years, many of the Gold Coast’s stunning high rises weren’t even conceptualized. While developers from all over continue to revel in this exodus, our state’s residential boom has sparked an uptick in lifestyle. Our culture has become empowered—a far cry from the infamous moniker “The Armpit of America.” Everywhere from the cliffs of Edgewater to the beaches of Monmouth County is brimming with new art, food and design.
In the past, units like that of Jersey City’s Park & Shore or Long Beach’s The Lofts at Pier Village might’ve seemed to exist across the Hudson River or in some faraway retreat. Today, these new developments have become a part of the fabric of coastal living in the Garden State. With so many coming to fruition seemingly overnight, choosing a place to call home can prove overwhelming. Here are a few of our state’s newest and most prominent addresses.
Asbury Ocean Club Residences
Location: Asbury Park, NJ
Developer: Jay Sugarman
Architect: Handel Architects
Completed in: 2019
Price: starting at $3 million
“Asbury Park has arrived. As one of the most talked-about, trend-setting destinations in the Northeast, the city’s rich history and commitment to art, culture and music have become evident on an international scale. Asbury Ocean Club offers both a tranquil resort setting and vibrant city energy with restaurants, concerts and shops just steps away from the property.”
-Jodi Stasse, Senior Managing Director of Corcoran Sunshine
AVORA at Port Imperial
Location: Weehawken, NJ
Developer: Landsea Homes
Architect: IBI Group
Completed in: 2019
Price: $600,000 to $2 million
“We set out to design a one-of-a-kind building that blends contemporary architecture with sustainability. Inspired by its prime waterfront location, Avora offers a variety of unique layouts, many of which include private outdoor space with dramatic views of the Hudson River and the Manhattan skyline. With larger spaces, quietude, five-star amenities and greater affordability, Avora provides an unparalleled elevated lifestyle for all ages.”
-Jill Preschel, VP of Sales and Marketing, NY Metro Division, Landsea Homes
Ellipse
Location: Jersey City
Developer: LeFrak Organization
Architect: Arquitectonica
Completed in: 2017
Price: $2,600/mo rental start point
“Ellipse is a record-breaking development for Newport and Jersey City. We knew there was a need in the market for this type of product, and the response has far surpassed our highest expectations. The Ellipse has captivated renters by offering an unsurpassed lifestyle with a full suite of first-class amenities, high-quality design and all the benefits of waterfront living in beautiful Jersey City.”
-Richard Wernick, Executive Leasing Director at LeFrak
The Lofts at Pier Village
Location: Long Branch, NJ
Developer: Extell Development Company
Architect: Shore Point Architecture
Completed in: 2020
Price: $569,000 to $3.5 million
“The Lofts at Pier Village bring a seamless and unmatched lifestyle to the Jersey Shore including spectacular water views and finishes, outstanding amenities and top-tier service. We are pleased to give buyers the opportunity to experience beachfront living year-round, while also being surrounded by entertainment and attractions in the vibrant beach town of Long Branch. Buyers will also benefit from an unprecedented 30-year tax abatement (PILOT) program which significantly reduces their carrying costs.”
-Moshe Botnick, VP of Development at Extell Development Company
One Park
Location: Cliffside Park, NJ
Developer: DoThink Group
Architect: Architectura
Completed in: 2020
Price: $475,000 to $3.8 million
“One Park brings together a complete luxury lifestyle. Every home in the community features outdoor space, abundant light from the floor-to-ceiling windows and incredible finishes that you will not find anywhere else—chic walnut breakfast bars, full Brazilian quartzite backsplashes, custom porcelain tile imported from Italy. Not to mention, almost all of the homes feature iconic Manhattan, George Washington Bridge and Hudson River views.”
-Taryn Byron, Nest Seekers International, Exclusive Broker for One Park
“The location brings the convenience of the city with a laid-back suburban vibe and quick transportation, not only to Manhattan but to Northern New Jersey, all major highways and airports.”
-Marc Brenner, Nest Seekers International, Exclusive Broker for One Park Condominiums
Park & Shore
Location: Jersey City, NJ
Developer: Strategic Capital
Architect: Woods Bagot
Completed in: 2019
Price: $745,000 to $2.2 million
“Park and Shore signifies a truly unique opportunity in Jersey City. It fuses Manhattan-quality design, a robust amenity package and premier location for an incredible value—and is redefining the Newport neighborhood.”
-Phillip Gesue, Strategic Capital
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