HomeReal Estate & DevelopmentVermella at Garwood Station surges past 50% leased

Vermella at Garwood Station surges past 50% leased

Luxury rental community reports strong leasing velocity as summer approaches

Transit-oriented Vermella at Garwood Station, a 296-home luxury rental community, is now more than 50% leased, according to a Friday announcement from Russo Development, which introduced the upscale community as part of its celebrated brand of Vermella lifestyle neighborhoods.

Featuring well-appointed studio, one- and two-bedroom apartments, an impressive 40,000 square feet of completed indoor and outdoor amenities, and convenient proximity to in-town shopping, dining, nightlife and three New Jersey Transit train stations, Vermella at Garwood Station delivers a well-balanced lifestyle. The resort-style living space has appealed to a broad demographic, from empty nesters scaling down from large single-family homes in neighboring Cranford and Westfield to young professionals migrating from urban centers in Jersey City and Hoboken in search of more living and open space.

“With a steady stream of residents moving in, Vermella at Garwood Station has come alive, and its dynamic lifestyle is on full display,” Adam Pasternack, president of Russo Property Management, which has delivered and manages 10 other Vermella communities throughout the region, stated. “It’s rewarding to see the interaction and relationships forming among the new neighbors as they connect through the community’s amenities and social spaces and numerous events and programming.”

Spotlighting the atmosphere at Vermella at Garwood Station is the extensive offering of indoor and outdoor amenities that blur the lines between home and vacation. Outdoor space is highlighted by an expansive resort-style pool and sundeck with outdoor grills and a movie wall. A sprawling, landscaped courtyard features grills, al fresco dining areas, lounge seating and a dog run.

Inside, residents enjoy a dramatic-but-welcoming two-story lobby, clubroom with game tables and media center, multisport simulator, business and coworking center, state-of-the-art fitness center, private yoga and spin studio, juice bar and private dining space.

Vermella at Garwood Station’s well-appointed residences feature 9-foot ceilings, plank flooring, in-home full-size washer and dryer and expansive windows. Gourmet chef-inspired kitchens boast full-size stainless-steel appliances, custom white shaker-style cabinets, Silestone countertops and kitchen islands. Spa-like baths are adorned with dual vanities with backlit mirrors, ceramic tile floors and carbon matte tiled wet walls. Most apartments offer private balconies, terraces and even private, brownstone-like entrances. Monthly rents start from the $2,300s with limited-time incentives that include one-month’s free rent.

Located at 450 South St., the community itself will provide approximately 19,500 square feet of street-level retail space that will house a café, restaurant and other convenience operators.

The adjacent NJ Transit train station offers service along the Raritan Valley line, delivering commuters to New York Penn Station in under an hour, while Route 22 and the Garden State Parkway provide easy access to northern new Jersey and the Jersey Shore.

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