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LeFrak's Presidential Plaza at Newport is 100% rented.


As further indication of an improving real estate market throughout the northeast, Richard Ri·chard   , Joseph Henri Maurice Known as "Rocket." 1921-2000.

Canadian hockey player. A right wing for the Montreal Canadiens (1942-1960), he led his team to eight Stanley Cup championships and was the first player to score 50 goals in a
 LeFrak president of the Lefrak Organization, has announced that his Company's Presidential Plaza residential complex in Newport Newport, town, England
Newport, town (1991 pop. 19,758), Isle of Wight, S England. It is also a port and the commercial center of the island, with agricultural markets and light industries (plastics, soft drinks, and woodworking). In the 17th cent.
 is 100 percent rented.

Located on the Jersey City water-front facing the Manhattan skyline, the 4-building, high-rise complex is comprised of 1,504 units, and is the center-piece of one of the nation's most spectacular urban developments. Apartment sizes range from studios to 3 bedrooms, with rentals from $740 to $1,765, respectively.

Newport is a 400-acre master-planned mixed-use community, consisting of retail, residential, and office facilities, and leisure and entertainment amenities.

Two major office buildings also have been completed, providing more than 1.4 million square feet of commercial space for major firms, such as The Federal Deposit Insurance Corp, USA Network USA Network is a popular American cable television network with about 89 million household subscribers as of 2005. The network shows a variety of original and second-run programming, from syndicated TV series to edited movies.  and Morgan Stanley To comply with Wikipedia's , the introduction of this article needs a complete rewrite.  & Co. Three more office buildings are planned for Newport's commercial corridor.

Since construction began in early 1986, $2 billion has been invested at Newport At Newport could refer to a number of live albums recorded at the Newport Folk Festival or the Newport Jazz Festival:
  • Ellington at Newport (1956)
  • Count Basie at Newport (1957)
  • Newport Jazz Festival (1958) by Duke Ellington
, and more than 11 million square feet has been constructed including infra-structure.

When Newport is completed the community will house more that 30,000 residents, in 9,000 apartments, and is designed to have museums, theaters, an oceanographic center, and the six-mile 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.
 esplanade. In addition, two hotels, with 1,200 rooms and a convention-conference center, also are planned for the community. When finished, $10 billion will have been invested in Newport.
COPYRIGHT 1994 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1994, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:Lefrak Organization Inc. residential complex in Newport, New Jersey
Publication:Real Estate Weekly
Date:May 4, 1994
Words:233
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