Third & Valley Brings “Green” Living To North Jersey


New environmentally-friendly apartments with luxury-styled amenities  in South Orange, NJ provide easy access to NYC

Jonathan Rose Companies, a leading green real estate development, investment and project management firm, in conjunction with Bozzuto, a full-service real estate and property management firm, jointly announced today that Third & Valley, located on 153 Valley Street in Orange, New Jersey, has signed leases on 30% of the apartments since leasing officially began in July. Offering the perfect mixture of urban living and a relaxed village lifestyle, the property is situated within walking distance of restaurants, boutique stores, a community theatre and outdoor spaces.

The five-story apartment community was developed by Jonathan Rose Companies and designed by architecture firm Torti Gallas & Partners, as part of the Township of South Orange’s Village Center Vision Plan. The development has a total of 215 apartments, which range from studios to two-bedrooms featuring state-of-the art interior design and amenity packages. Ten percent of the apartments are reserved for low-income households earning less than 60% of the area median income.

Third & Valley’s prime downtown South Orange location offers an easy commute to and from New York City – less than 30 minutes -- with an entrance lobby conveniently located across the street from the South Orange NJ Transit station. Located in the foothills of the Watchung Mountains, Third & Valley is also an ideal spot for those who love the outdoors. South Mountains Reservation, with the over 2,000 acres of creeks, waterfalls and mountains, is situated less than two miles from the property.

The mixed-use property has 3,000-square-feet of retail space on the first floor, which has been divided into two distinct spaces. Sabre Realty, the commercial broker for the property, has signed Artistry Salon as the first commercial tenant. They have taken 1,504-square-feet, which is currently under construction; the salon is targeting a Winter 2016 opening. The remaining 1,496-square-foot space will likely be occupied by a café which can make use of the outdoor patio.

"South Orange has seen quite an influx of new residents in the city, and Third & Valley is perfectly poised to offer these residents high-class services in an environmentally conscious property," said Toby Bozzuto, president and CEO, Bozzuto. “All of the appliances used throughout the property - from outdoor lighting to residents’ showers - are as energy efficient as possible.”

Third & Valley apartments feature kitchens designed with stainless steel appliances, rich wood cabinets, sleek backsplash, and Daltile countertops. Bathrooms are equipped with a soaking tub, tile floors, and Quartz countertops. Throughout each apartment, a resident will find modern interior design and finishes, hardwood-style floors, a washer and dryer, and expansive windows and terraces overlooking a landscaped courtyard and pool.

“Third & Valley serves as a new standard of excellence for transit-oriented development in Northern New Jersey,” said Fred Harris, Managing Director of Development for Jonathan Rose Companies. “Like all of our projects, healthy living, sustainable design and energy efficiency were hallmarks of the development plan.”

A property focused on green living, Third & Valley was designed to meet LEED® Gold Standards. Apartments are outfitted with programmable thermostats and individual unit sub-meters for personal comfort. Energy-efficient lighting and ENERGY STAR appliances, motion light sensors in common areas and double-glazed low-E windows that provide excellent insulation, all make Third & Valley a forerunner in green living.

The water focused property utilizes green roofs for storm water management, ground level river stone basins for infiltration, and an underground retention tank to reduce environmental impact. Each of these initiatives create 30% water reduction and low-flow fixtures lower utility bills.

Building amenities include a residential lobby with a fireplace, landscaped courtyard with an outdoor kitchen and pool, a yoga lawn and a two-floor clubroom. Third & Valley also offers on-site concierge, 24-hour emergency maintenance, BuildingLink - an innovative resident communication tool, package acceptance, dry cleaning, mobile scheduling of services, priority discount card at local shops and restaurants, loaner tools and mobile rent payment. The top-notch services provided by Bozzuto at Third and Valley also include direct access to enclosed parking garage, bike storage, a dog-washing station and high-tech building and community security.

Third & Valley leasing office, managed by Bozzuto, is now open at 153 Valley Street, South Orange, NJ 07079.

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