HomeReal Estate & DevelopmentVermella rental community to start preleasing early in 2021

Vermella rental community to start preleasing early in 2021

The Vermella at Garwood Station rental community is ready for an early 2021 preleasing launch, according to real estate company Russo Development.

The community will include 296 luxury apartments spread over four stories, as well as 40,000 square feet of indoor and outdoor amenities and direct access to Garwood’s New Jersey Transit station and the Raritan Valley line, Russo said in a news release.

“We are thrilled to be bringing Vermella to the Garwood market,” CEO Edward Russo said in a prepared statement. “This new lifestyle offering will illustrate the brand’s commitment to wellness, recreation, accessibility and excellence.”

This will be the ninth Vermella community in the region, Russo Development noted. Occupancy for the mix of studio, one- and two-bedroom apartments is scheduled for early spring 2021.

The property also will include 19,000 square feet of retail space, including restaurants.

Related Articles

NAI James E. Hanson negotiates sale of IOS site in Hillside to PSE&G

NAI James E. Hanson, the largest New Jersey-based full-service independent commercial real estate firm, negotiated the $4.35 million sale of a 1.2-acre industrial outdoor...

Kislak sells $1.05M industrial flex building in Middlesex

The Kislak Company, Inc., a leading commercial real estate brokerage firm headquartered in Woodbridge, announced the recent sale of a 6,375-square-foot industrial flex building...

Cushman & Wakefield arranges sale and financing of Westwood medical office building

Global real estate services firm Cushman & Wakefield announced the sale and financing of a medical office building located at 400 Old Hook Road...

Sitex Group acquires an infill low coverage site in South Plainfield from Progressive

Sitex Group, a privately held investor and developer of industrial real estate, has purchased a 22,000-square-foot property at 152 West St. in South Plainfield....

Storage Post acquires former CubeSmart location in Newark, expanding N.J. presence

Storage Post, a leading owner and operator of self-storage facilities, announced the acquisition of a new location in Newark at 353–367 Park Avenue, which...

Marcus & Millichap publishes 2026 Northern New Jersey Office Investment Forecast Report 

Commercial real estate brokerage Marcus & Millichap has published its 2026 Northern New Jersey Office Investment Forecast Report.  “Northern New Jersey’s office market is benefiting...

Latest Articles

Valley Bank bolsters leadership to advance partner banking, digital innovation and customer care

Valley National Bank, a unit of Valley National Bancorp, said Feb. 11 that it has appointed three senior leaders: Rodrigo Suarez as head of...

NAI James E. Hanson negotiates sale of IOS site in Hillside to PSE&G

NAI James E. Hanson, the largest New Jersey-based full-service independent commercial real estate firm, negotiated the $4.35 million sale of a 1.2-acre industrial outdoor...

Clark-based data provider GEP said global manufacturing demand rebounded in January

GEP Global Supply Chain Volatility Index, which tracks demand conditions, shortages, transportation costs, inventories and backlogs, showed a rebound in procurement in January. Procurement activity...

Vonage partners with C3 AI for agentic AI field services solution for mobile workforces

Holmdel-based Vonage, a part of Ericsson, announced a strategic collaboration with C3 AI, a leading Enterprise AI application software provider, to launch C3 AI...

Moran appointed to U.S. District Court for the District of New Jersey Lawyers Advisory Committee

Eric W. Moran, a shareholder in the law firm Greenberg Traurig LLP's litigation practice in New Jersey, has been appointed to the U.S. District...

Cross River raises revolving credit facility with Upgrade to $250M

Cross River Bank, a Fort Lee-based technology infrastructure provider that offers embedded financial solutions, announced that it has lifted its existing revolving credit facility...

Latest Articles

Valley Bank bolsters leadership to advance partner banking, digital innovation and customer care

Valley National Bank, a unit of Valley National Bancorp, said Feb. 11 that it has appointed three senior leaders: Rodrigo Suarez as head of...

NAI James E. Hanson negotiates sale of IOS site in Hillside to PSE&G

NAI James E. Hanson, the largest New Jersey-based full-service independent commercial real estate firm, negotiated the $4.35 million sale of a 1.2-acre industrial outdoor...

Clark-based data provider GEP said global manufacturing demand rebounded in January

GEP Global Supply Chain Volatility Index, which tracks demand conditions, shortages, transportation costs, inventories and backlogs, showed a rebound in procurement in January. Procurement activity...

Vonage partners with C3 AI for agentic AI field services solution for mobile workforces

Holmdel-based Vonage, a part of Ericsson, announced a strategic collaboration with C3 AI, a leading Enterprise AI application software provider, to launch C3 AI...

Moran appointed to U.S. District Court for the District of New Jersey Lawyers Advisory...

Eric W. Moran, a shareholder in the law firm Greenberg Traurig LLP's litigation practice in New Jersey, has been appointed to the U.S. District...