Construction begins on Newport tower.Lefrak responds to continued demand for rental apartments Despite industry rumors For other uses, see Rumor (disambiguation). Rumors is a farcical play by Neil Simon. At its start, several affluent couples gather in the posh suburban residence of a couple for a dinner party celebrating their tenth anniversary. that developers may begin feeling the "pinch," of an economic dip, it's business as usual for the Lefrak Organization as the company continues to meet the growing demand for quality housing on the Jersey City waterfront by announcing the construction of another rental tower at Newport -- the 600-acre $10-billion multi-use community on the west bank of the Hudson River Hudson River River, New York, U.S. Originating in the Adirondack Mountains and flowing for about 315 mi (507 km) to New York City, it was named for Henry Hudson, who explored it in 1609. Dutch settlement of the Hudson valley began in 1629. . Expected to open by Spring 2002, the Pacific, a 30-story, 336-unit residential tower, will be the fifth and final tower in the Towers of Americas complex. "The 100 percent occupancy of the community's 4,000 residential units and an ever-growing waiting list of middle income, young professionals eager to make Newport their home is an indication that the market for quality housing continues to remain very strong at Newport," says Richard LeFrak, president of the Lefrak Organization. "I do not see this changing anytime soon." The Pacific will consist of one- and two-bedroom apartments, with rentals ranging from $1,525 to $1,760 for one-bedroom apartments, and $2,475 to $2,915 a month for two-bedroom, two-full bath units. Average square footage for one-bedroom apartments will be 756-square-feet and 1,074-square-feet for two-bedroom apartments. Like the other four Towers of America buildings, the Pacific will offer panoramic views of Manhattan skyline and New York Harbor New York Harbor, a geographic term, refers collectively to the rivers, bays, and tidal estuaries near the mouth of the Hudson River in the vicinity of New York City. This is sometimes construed in the sense "the Ports of New York and New Jersey". ; a full line of kitchen appliances, including dishwasher, frost-free refrigerator with icemaker ice·mak·er n. A machine, often built into a refrigerator, that freezes water into ice cubes. Also called ice machine. , self-cleaning range and microwave oven with hood; smoke alarms and sprinklers; extra large closets; individually controlled heat and A/C; pre-wired for cable TV; computer data transmission and T-1 accessibility options; and other deluxe de·luxe also de luxe adj. Particularly elegant and luxurious; sumptuous: deluxe accommodations; a de luxe automobile. adv. features. Newport community amenities include ample onsite parking, a health and fitness center with an Olympic-sized indoor/outdoor pool, two on-site major supermarkets, a marina for 285 boats, a childcare center, restaurants, movie theaters, the Hudson river waterfront esplanade, parks and sitting areas. Newport's transportation options include on-site PATH and Hudson/Bergen Light Rail Transit The name Light Rail Transit is used by the following specific light rail systems, either as an official name or otherwise:
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. tower; all of its 445 units have been sold. When finished Newport community will consist of 9,000 apartments, 5 million square feet of office space and 1,200 hotel rooms. |
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