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Condos rise in Hoboken.

REMI Companies announced its plans for a new luxury condominium condominium

In modern property law, individual ownership of one dwelling unit within a multidwelling building. Unit owners have undivided ownership interest in the land and those portions of the building shared in common.
 facility in Hoboken Hoboken, former city, Belgium
Hoboken (hō`bōkən), section of Antwerp, Antwerp prov., N Belgium, on the Scheldt River. It has large shipyards and wool-processing plants.
, N.J. The building, named "Velocity" and consisting of 128 luxury homes, began its pre-sales campaign on May 15 at 5 Marine View Plaza in Hoboken. First occupancy will be scheduled for July July: see month.  2005.

Situated on the west side of town, between 6th and 7th Streets, Velocity comprises two buildings and is within walking distance to the new Hoboken light rail station. These buildings' units will average 1,050 to 1,609 s/f and feature the highest-end amenities and finishes available in the Hoboken market place.

Residents will also enjoy the buildings' state-of-the-art, on-site fitness facility.

Velocity will include 28 one-bedroom, one-bath apartments; 92 two-bedroom, two-bath apartments; and eight three-bedroom, three-bath apartments. It will also offer 148 ground floor parking spaces, as well as a 25,000 s/f courtyard For alternative meanings of the word "court", see: Court (disambiguation).

A court or courtyard is an enclosed area, often a space enclosed by a building that is open to the sky.
.

"We are excited to begin development of these extraordinary new condominiums," said Erik A. Kaiser, principal of REMI Companies. "Velocity's innovative designs, outstanding location and first-class amenities will appeal to a variety of homebuyers, from young professionals to empty nesters empty nester
n. Informal
A parent whose children have grown and left home.

Noun 1. empty nester - a parent whose children have grown up and left home
. We are proud that REMI Companies is building yet another one-of-a-kind community in Hoboken."
COPYRIGHT 2004 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:New Jersey
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Jun 2, 2004
Words:198
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