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Follow on Google News | ![]() Developers Lease 82% Of The Luxury Rental Residences In First 7 Months At Jersey City’s 225 Grand15-Story Building with Manhattan and Statue of Liberty Views Proves a Home Run with Renters
The new 15-story architectural landmark is being developed by Ironstate Development Company of Hoboken and KRE Group of Bridgewater, two prominent development and management companies with strong ties to the Jersey City marketplace. The building’s exclusive marketing and leasing agent is The Marketing Directors, Inc. “The demand at 225 Grand has been steady since we first introduced the property to the public,” said Ironstate Development President David Barry. “Achieving this level of rental velocity speaks volumes about the building’s well-conceived residences, upscale amenities and a convenient location which all come together in an exceptional lifestyle experience.” Designed by renowned architectural firm HLW, the landmark residential tower features 348 residences with net-effective monthly rents currently ranging from $1,950 for studios, from $1,845 for one- bedroom homes and from $2,845 for two-bedroom residences. “The success of 225 Grand also reflects the current strength of the rental market and downtown Jersey City’s position as one of the state’s most dynamic live/work/play destinations,” Located in the heart of downtown Jersey City, 225 Grand features well-appointed residences and spectacular views of New York City and the Statue of Liberty. Residents enjoy a host of amenities, including a state-of-the- The building is just steps from the Marin Blvd. Light Rail Station, and is within walking distance to PATH stations at Grove Street and Exchange Place and ferry terminals with service to Manhattan. For more information on 225 Grand, call 201-536-0225, or visit www.225Grand.net. About Ironstate Development Ironstate Development Company is a privately held real estate development and management company based in Hoboken, New Jersey. The Company engages in the development of large-scale residential and hotel projects in the Northeast United States. The company currently owns and manages over 6000 residential units and currently has approximately $1 billion in the development pipeline. www.ironstate.net About KRE Group Headquartered in Bridgewater, NJ, KRE Group is one of the largest privately held diversified real estate companies in New Jersey. It owns and manages more than 5,000,000 square feet of office, warehouse and retail space. It also has substantial ownership in 9,700 apartments, of which 3,400 are managed out of its New Jersey office. The company is currently constructing more than 850 apartments and has several projects in the design and approval process. For more information, visit the company’s website at www.thekregroup.com. # # # CAHN Communications is a full-service public relations agency that produces results for a wide range of clients involved in real estate, hospitality, finance and restaurant activities. www.cahnroundup.com twitter.com/ www.facebook.com/ www.CAHNcomm.com End
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