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Hovnanian's Manhattan skyscraper in Jersey.

Two of the country's largest home builders K. Hovnanian and Equity Residential selected renowned architectural firm Cetra Ruddy to design 77 Hudson Street, the largest high-rise residential skyscraper in Jersey City.

Cetra/Ruddy Inc., the award-winning architectural firm recognized for its innovative housing design, has designed 77 Hudson as the first Manhattan-style skyscraper in Jersey City.

The 1.3 million square foot project consists of two 48-story towers of faceted, multi-colored glass. They will feature the most sophisticated elements of luxury condominiums normally found in Manhattan at almost twice the price. These include floor-to-ceiling windows that maximize the spectacular water views, innovative high-end materials such as chiseled quartz bathroom walls and custom-designed cantilevered master bathroom vanities along with world-class indoor and outdoor amenities.

"77 Hudson creates a new paradigm in urban living," said John Cetra, architect and designer of the project. "The architecturally distinctive faceted glass towers that will grace the Hudson River skyline combine the most sophisticated elements of both sides of the river."

At the groundbreaking ceremony attended by Jersey City Mayor Jerramiah Healy, K. Hovnanian division president Jim Driscoll commented, "This is a significant groundbreaking for Jersey City and for K. Hovnanian.

"At a time when Jersey City keeps adding jobs and New Yorkers are looking for strong home equity, we believe residences at 77 Hudson will offer high value with lots of amenities in an unbeatable waterfront location."

77 Hudson Street will consist of two soaring 500 ft towers, one with 420 condominiums to be sold by K. Hovnanian, New Jersey's largest homebuilder, and the other with 481 rental apartments to be operated by Equity Residential, the largest publicly traded apartment REIT in the nation.

The building will have hotel-quality amenities including an 8,300 sq. ft. Spa/fitness center with massage rooms, steam and sauna areas, screening room and a Pilates/Yoga Room--all with dramatic views onto an artfully landscaped 13,000 sq. ft. outdoor plaza deck with a swimming pool and Jacuzzi, which creates a private park.

This vast green space, designed by landscape architect HM White Site Architects, features walking paths and large expanses of lawn for picnicking interspersed with gently rolling hills. The project also includes a technologically advanced business center and a virtual golf club.

Home prices start in the mid $300,000's and run to $2 million for the penthouses. The average price will be in the mid-$800,000's.
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Publication:Real Estate Weekly
Geographic Code:1USA
Date:Aug 16, 2006
Previous Article:Claremont Group & Shvo unveil 8 Union Square South.
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