Russo Development opens 2nd Kearny apartment community, closes on 3rd

By Emily Bader
Kearny | Nov 19, 2018 at 11:53 am

Russo Development has opened 280 units at its second Kearny apartment community, Vermella West.

Vermella West is slated to have 548 units once completed. Construction began in 2017 and occupancy began in early October.

Russo also announced it has acquired a six-acre site, known as the former Bat Factory. The site will be redeveloped into 268 apartments as part of the second phase of Vermella West. Construction is expected to begin in Spring 2019 and be completed by late 2020.

“The properties on Passaic Avenue where Vermella West is being developed were vacant eyesores for many years, and Russo has been transforming them into better ratables that will bring residents, shoppers and businesses to Kearny,” Kearny Mayor Alberto Santos said. “Russo has worked with Kearny to ensure responsible redevelopment and has been a great partner towards improving our Town and helping us address the infrastructure that serves it.”

Vermella West offers its residents amenities including free shuttles to the Harrison Path Station, a club room, fitness center, pool, canine country club, a river walk, in-home washer and dryer, spacious living spaces and more.

Russo also opened the final phase of Vermella Crossing, a 230-unit apratment project on Schuyler and Bergen avenues in May.

“Kearny was poised for a residential resurgence due to its vibrant new retail and commercial developments – and the energy in nearby cities like Newark and Harrison,” Ed Russo, CEO of Russo Development, said.  “Kearny also is an ideal location for our Vermella brand, which pioneers unexpected but compelling locations where it can provide inspired life-style driven housing with exceptional value.”

Emily Bader | ebader@roi-nj.com | emilybader