Lefrak's Jersey City tower in Newport is fully rented.The success of the fully-rented Southampton, a residential tower built by the Lefrak Organization, reflects the continued extraordinary triumph of Newport -- the 600-acre $10-billion multi-use community on the Jersey City 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. waterfront. A microcosm mi·cro·cosm n. A small, representative system having analogies to a larger system in constitution, configuration, or development: "He sees the auto industry as a microcosm of the U.S. of what is occurring on New Jersey's "Gold Coast," the Southampton has become a magnet for young professions seeking large apartments, reasonable rents, easy access to Manhattan and a skyline view skyline view tangential radiographic view of any structure; taken to provide more information than the standard projections. Used to examine the trochlear groove of the stifle in dogs and carpal slab fractures in horses. . "Newport has become part of Manhattan's expanding residential and business core," said Richard LeFrak, president of the Lefrak Organization. "The community and the entire New Jersey Gold Coast are the addresses of choice -- not compromise -- for young professionals and their families." "The Lefrak Organization's vision to transform Newport from a site of dilapidated rail yards to a prime residential and business destination literally sparked the revolution in waterfront development," says Sam LeFrak, chairman of the Lefrak Organization. "Newport spurred the transformation of Jersey City and is -- in many ways -- establishing itself as New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of City's 'sixth borough.'" To date, Newport's eight apartment buildings and one 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. are 99 percent occupied and are home to more than 12,000-residents. Rents in the community range from $1,400 to $1,760 for one-bedroom apartments and $2,150 to $2,535 a month for two-bedroom, two-full-bath units. As part of the package, residents are also offered 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; plus smoke alarms and sprinklers; extra large closets; individually controlled heat and A/C; pre-wiring 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. Additional amenities include ample on-site parking, a health and fitness center, two on-site major supermarkets, and a waterfront esplanade. Newport is seven minutes from the World Trade Center and 14 minutes from Penn Station via the PATH. |
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