LeFrak Presents Most Ambitious Addition To Newport’s Flourishing Waterfront Community
LeFrak today announced the official launch of leasing for Ellipse, a 41-story luxury rental tower in Jersey City’s thriving Newport neighborhood on the Hudson River. Ellipse is LeFrak’s most ambitious project since the firm spearheaded development in the 600-acre district over three decades ago, which is now the largest mixed-use community in the United States.
"Over the past 30 years, Newport has transformed into a wonderful place to live, work, and play,” said Richard LeFrak, Chairman and CEO of LeFrak. “The Ellipse represents the culmination of our years of developing Newport into an in-demand neighborhood, and this waterfront building will set the bar and elevate the standard of living in Jersey City.”
Celebrating its Jersey City debut, internationally acclaimed Miami-based design firm Arquitectonicadesigned Ellipse’s distinct elliptical shape and glass façade. Ideally situated on the Hudson River waterfront, the building stands apart from its contemporaries and allows for never-before-seen views of the Manhattan skyline, and dramatic water views from every residence.
The 381 luxurious residences, also designed by Arquitectonica, range from spacious studios to three-bedroom homes, as well as five distinctive Penthouse apartments, including two unique four-bedroom homes. The well-appointed residences, each bathed in light from oversized floor-to-ceiling windows, feature oak plank hardwood floors, two-tone kitchen cabinetry elegantly paired with stainless steel appliances and quartz countertops, and abundant closet space with select units featuring walk-ins. All residences are also outfitted with washer/dryers and programmable thermostats for multi-room climate control, as well as prewiring for phone, cable, Wi-Fi, and Fios services.
Ellipse will offer an extensive amenity and service package, designed to cater to every need. The 24,000 square feet of amenity space begins in the striking two-level lobby, attended to by a 24-hour doorman. Residents who work from home will benefit from the co-working space, while those looking to relax and socialize can enjoy the multipurpose lounge and game room. Fitness never felt so good with a state-of-the-art gym boasting sweeping views of the Manhattan skyline. Kids are also catered to at Ellipse, which offers a fully equipped children’s playroom.
A premiere amenity at Ellipse will be the expansive outdoor pool and terrace with a barbecue area and fire pit situated above the adjacent parking garage.
Residents of Ellipse will enjoy access to everything its sought-after location has to offer including Newport Green, a 4.25-acre park that features the only urban beach on the Hudson River in addition to a 17,000-square-foot playground, 30,000-square-foot turf field, a boardwalk, and free Wi-Fi; the Hudson River Waterfront Walkway providing direct pedestrian access to Hoboken; a variety of restaurants from upscale to casual dining options; the Newport Centre Mall and Newport River Market, as well as the convenient Newport PATH station allowing for a quick and easy commute to Manhattan and Hoboken 24/7.
LeFrak has been developing Newport for more than 30 years, and is credited with founding the neighborhood. Ellipse is the company’s premiere project, signifying the momentum of the location.
The Ellipse leasing office is located at 45 Park Lane South in Jersey City and LeFrak will be handling leasing in-house. Prices start at $2,600/month for studios with occupancy slated for Summer 2017. For more information, please call (844) 773-0405 or visit www.ellipsejc.com.
LeFrak is a preeminent, family-owned property company committed to community development and long term ownership. LeFrak affiliates own and manage an extensive portfolio of real property concentrated in the New York/New Jersey metropolitan area, as well as South Florida, Los Angeles and throughout the West Coast. Through its affiliated companies, LeFrak has developed and built the majority of its real estate portfolio and is one of the world’s leading property firms. The firm is acclaimed around the globe for the quality of its projects and its properties, its financial strength and conservatism, its entrepreneurial business model and its commitment to long term ownership. Although primarily focused on the residential and office sectors, LeFrak affiliates also invest in numerous hospitality, retail assets, securities, private businesses and energy. www.lefrak.com
About Newport, NJ
Newport, located on the Hudson River in Jersey City, NJ, is the largest mixed-use waterfront community in the United States. Minutes from Manhattan via the PATH, bus or car, Newport is currently home to more than 15,000 residents across 15 high-rise luxury rental buildings and three condominium towers. There are also eight state-of-the-art Class A office towers, providing over six million square feet of office space to more than 20,000 professionals.
Arquitectonica was founded 38 years ago by Bernardo Fort-Brescia and Laurinda Spear, two of the leading architects of a then emerging new generation. Today their practice spans the globe, with projects in 54 countries on five continents. Arquitectonica has 800 architects, landscape architects, planners, interior designers and industrial designers, in ten studios around the world. Its work is widely recognized through publications and exhibits, and its roster of clients includes leaders of both the public and private sectors. www.arquitectonica.com