Jersey City luxury tower reaches 75% leasing

By Eric Strauss
Jersey City | Apr 30, 2019 at 2:19 pm

A Jersey City luxury apartment building has reached 75% leasing after a five-month rental effort, according to developers Ironstate Development Co. and Panepinto Properties.

Leasing at the new 51-story building known as 90 Columbus, which features 539 luxury rentals in the downtown area, is run by the Marketing Directors. More than 400 of the units have been rented out since November, the developers said.

“Like Jersey City itself, 90 Columbus reflects an evolution in the lifestyle experience sought by today’s renter, which is centered around the best of city living,” Michael Barry, Ironstate’s CEO and president, said in a prepared statement. “We’ve successfully attractged a wide range of residents through great design, an amenity package that delivers both recreational and communal work spaces, and a vibrant location with walkable access to neighborhood dining, retail, nightlife, culture and transportation.”

The tower is the fourth and final phase of The Columbus Collection, a mixed-use project that totals 1,484 residences, a hotel, parking garage and retail space.

“The Grove Street neighborhood has evolved into arguably the most exciting neighborhood in Jersey City, with a comprehensive offering of lifestyle attractions that embody Jersey City living,” Joseph Panepinto, Panepinto Properties’ CEO and president, said in a statement. “90 Columbus enhances the overall setting while placing residents in the very heart of the neighborhood. The extraordinary pace of leasing activity we’ve experienced certainly underscores the value and appeal of that.”

At 90 Columbus, rents start at $2,995 a month for studios, $2,950 a month for one-bedroom units and $4,120 a month for two-bedroom residences. Immediate occupancy is available.

“Jersey City has matured in every way imaginable and earned a reputation of its own as a world-class destination in terms of arts, culture, dining and nightlife — which enhances its inherent attribute, proximity to Manhattan,” Jacqueline Urgo, Marketing Directors president, said in a statement. “In 90 Columbus, Ironstate Development and Panepinto Properties have delivered a truly remarkable property that elevates the overall lifestyle to new heights.”

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Eric Strauss | estrauss@roi-nj.com | acerimrat