Jersey City Mayor Steve Fulop joined developers at the ribbon-cutting for a new luxury rental building on the city’s West Side this week.
The Agnes is a five-story, 145-unit building at 132 Yale Ave. that includes 10,000 square feet of amenities, according to developers Fields Grade and Blumberg & Freilich Equities.
“Projects like the Agnes take time, and for a long time, there was nothing happening on the West Side of Jersey City,” Fulop said in a prepared statement. “These buildings weren’t happening. There wasn’t a lot of interest from the development community. We’re really focused on changing that, and are proud of what we’ve been able to do.”
The Agnes features apartments in studio, one- and two-bedroom layouts, with rents starting at $1,540 a month, net effective. Amenities include an outdoor pool and courtyard, club room, artbook library and more. Street-level retail will include the Nell wellness-focused café.
“Developers like Fields Grade that have been invested in downtown predominantly prior to the Agnes are looking into this area and investing in projects in other parts of the city,” Fulop said. “The only way to get change into a community is to work with the private sector and incentivize people in a proper way to attract small business, create a more walkable community and offer all the things that are important for young people to want to be in the city. Congratulations to everyone.”
Four months after the property started leasing, it is nearly 80% leased and the first residents have moved in. The Marketing Directors serves as the building’s leasing agent.
“The Agnes and its leasing success are further proof of the need and demand for new residential options west of the city’s waterfront and established downtown neighborhoods,” Rob Caulfield, a principal at Fields Grade, said in a statement. “Mayor Fulop and his administration have done an admirable job encouraging new development in these emerging communities. We’re proud to have invested in this location and are delighted to see the public responding so enthusiastically.”
