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Condos rise in Hoboken.

REMI Companies announced its plans for a new luxury condominium facility in Hoboken, 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 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.

"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. We are proud that REMI Companies is building yet another one-of-a-kind community in Hoboken."
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Title Annotation:New Jersey
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Jun 2, 2004
Previous Article:Hoboken greets new retailers.
Next Article:NTT Data renews Jersey lease.

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