Toll Brothers City Living and Sculptor Real Estate Announce Construction is Complete at 151 Bay Street in Jersey City as First Residents Take Occupancy
Toll Brothers City Living and Sculptor Real Estate have completed construction of 151 Bay Street, a 34-story luxury condominium in Jersey City's Powerhouse Arts District. The building offers 259 units ranging from studios to three-bedrooms, with over 75% already sold. Designed by SLCE with interiors by Bernheimer Architecture, it features open-plan living areas, high-end finishes, and expansive amenities including a Sky Lounge, rooftop terrace, and fitness center.
The development is part of the Provost Square community, which includes a public plaza and performing arts theater. Located near the Grove Street PATH station, residents have easy access to Manhattan and local attractions. Prices for residences start in the low $800,000s. The project marks a significant addition to Jersey City's luxury real estate market, offering stunning views and high-quality living spaces in a prime location.
Toll Brothers City Living e Sculptor Real Estate hanno completato la costruzione di 151 Bay Street, un condominio di lusso di 34 piani nel Powerhouse Arts District di Jersey City. L'edificio offre 259 unità che vanno da monolocali a appartamenti con tre camere da letto, con oltre il 75% già venduto. Progettato da SLCE con interni a cura di Bernheimer Architecture, presenta aree living open-space, finiture di alta qualità e ampie comodità, tra cui uno Sky Lounge, una terrazza panoramica e un centro fitness.
Questo sviluppo è parte della comunità di Provost Square, che include una piazza pubblica e un teatro per le arti performative. Situato vicino alla stazione PATH di Grove Street, i residenti hanno facile accesso a Manhattan e alle attrazioni locali. I prezzi per le abitazioni partono da circa 800.000 dollari. Il progetto rappresenta un'aggiunta significativa al mercato immobiliare di lusso di Jersey City, offrendo viste spettacolari e spazi abitativi di alta qualità in una posizione privilegiata.
Toll Brothers City Living y Sculptor Real Estate han completado la construcción de 151 Bay Street, un condominio de lujo de 34 pisos en el Powerhouse Arts District de Jersey City. El edificio ofrece 259 unidades que van desde estudios hasta apartamentos de tres dormitorios, con más del 75% ya vendido. Diseñado por SLCE con interiores de Bernheimer Architecture, cuenta con áreas de estar de concepto abierto, acabados de alta gama y amplias comodidades, incluyendo un Sky Lounge, una terraza en la azotea y un gimnasio.
El desarrollo es parte de la comunidad de Provost Square, que incluye una plaza pública y un teatro de artes escénicas. Situado cerca de la estación PATH de Grove Street, los residentes tienen fácil acceso a Manhattan y a las atracciones locales. Los precios de las residencias comienzan en el rango bajo de los 800,000 dólares. El proyecto representa una adición significativa al mercado inmobiliario de lujo de Jersey City, ofreciendo vistas impresionantes y espacios habitables de alta calidad en una ubicación privilegiada.
Toll Brothers City Living과 Sculptor Real Estate가 저지 시티의 파워하우스 아트 지구에 위치한 34층 규모의 고급 콘도미니엄 151 Bay Street의 건설을 완료했습니다. 이 건물은 스튜디오부터 3베드룸까지 총 259개의 유닛을 제공하며, 이미 75% 이상이 판매되었습니다. SLCE가 설계하고 Bernheimer Architecture가 내부를 디자인하여 오픈 플랜 거실, 고급 마감재, 그리고 스카이 라운지, 옥상 테라스, 피트니스 센터 등을 포함한 다양한 편의시설을 갖추고 있습니다.
이번 개발은 공공 광장과 공연 예술 극장을 포함하는 프로보스트 스퀘어 커뮤니티의 일환으로, 그로브 스트리트 PATH역 근처에 위치해 있어 주민들이 맨해튼과 지역 명소에 쉽게 접근할 수 있습니다. 주택 가격은 약 80만 달러 대 시작합니다. 이 프로젝트는 저지 시티의 고급 부동산 시장에 중대한 추가 요소로 자리 잡으며, 뛰어난 전망과 고품질 주거 공간을 프라임 위치에서 제공합니다.
Toll Brothers City Living et Sculptor Real Estate ont achevé la construction de 151 Bay Street, un condominium de luxe de 34 étages dans le Powerhouse Arts District de Jersey City. Le bâtiment propose 259 unités allant des studios aux appartements de trois chambres, avec déjà plus de 75 % des logements vendus. Conçu par SLCE et avec des intérieurs signés Bernheimer Architecture, il dispose d'espaces de vie à concept ouvert, de finitions haut de gamme et d'aménités spacieuses, y compris un Sky Lounge, une terrasse sur le toit et un centre de remise en forme.
Ce développement fait partie de la communauté de Provost Square, qui comprend une plaza publique et un théâtre des arts de la scène. Situé à proximité de la station PATH de Grove Street, les résidents ont un accès facile à Manhattan et aux attractions locales. Les prix des résidences commencent dans la tranche basse des 800 000 dollars. Le projet représente une addition significative au marché immobilier de luxe de Jersey City, offrant des vues imprenables et des espaces de vie de haute qualité dans un emplacement privilégié.
Toll Brothers City Living und Sculptor Real Estate haben den Bau von 151 Bay Street abgeschlossen, einem 34-stöckigen Luxus-Wohngebäude im Powerhouse Arts District von Jersey City. Das Gebäude bietet 259 Einheiten, die von Studios bis zu Drei-Zimmer-Wohnungen reichen, wobei bereits über 75% verkauft sind. Entworfen von SLCE und mit Innenräumen von Bernheimer Architecture bietet es offene Wohnbereiche, hochwertige Ausstattungen und umfangreiche Annehmlichkeiten, darunter eine Sky Lounge, eine Dachterrasse und ein Fitnesscenter.
Das Projekt ist Teil der Provost Square-Gemeinschaft, die einen öffentlichen Platz und ein Theater für darstellende Künste umfasst. In der Nähe der PATH-Station Grove Street gelegen, haben die Bewohner einfachen Zugang zu Manhattan und lokalen Attraktionen. Die Preise für die Wohnungen beginnen im niedrigen Bereich von 800.000 Dollar. Das Projekt stellt eine bedeutende Ergänzung zum Luxusimmobilienmarkt von Jersey City dar und bietet atemberaubende Ausblicke sowie hochwertige Wohnräume in bester Lage.
- Construction completed and closings commenced at 151 Bay Street in Jersey City
- Over 75% of the 259 luxury condominiums already sold
- Prime location in Powerhouse Arts District near Grove Street PATH station
- Extensive amenities including Sky Lounge, rooftop terrace, and fitness center
- Part of the Provost Square community with public plaza and performing arts theater
- None.
Insights
The completion of 151 Bay Street and commencement of closings mark a positive milestone for Toll Brothers' City Living division. With
The completion of 151 Bay Street reflects the ongoing transformation of Jersey City into a high-end residential market. Its location near the PATH station and amenities cater to urban professionals seeking Manhattan alternatives. The project's 75% sell-through rate prior to completion indicates strong pre-sale performance, a positive sign for the local luxury condo market. The development's integration with Provost Square and its performing arts theater adds value beyond just residential units, potentially boosting long-term property values. However, investors should watch for any signs of market saturation or economic shifts that could affect the absorption of remaining units and future projects in the area.
The 151 Bay Street project exemplifies successful mixed-use urban development. By incorporating public spaces like Provost Square and a performing arts theater, it contributes to community vibrancy and potentially increases foot traffic for local businesses. The restoration of historical elements (cobblestone, rail line) alongside modern amenities demonstrates a balanced approach to urban renewal. This development model, if successful, could influence future projects in Jersey City and similar urban areas. For investors, such comprehensive urban planning can lead to sustained property value appreciation and lower vacancy risks. However, the long-term success will depend on continued community engagement and maintenance of public spaces.
Luxury condominiums in the Powerhouse Arts District boast exceptional amenities near Grove Street PATH Station
NEW YORK, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE: TOL), the nation’s leading builder of luxury homes, through its Toll Brothers City Living division, and Sculptor Real Estate, the real estate business of Sculptor Capital Management Inc. (“Sculptor”), are pleased to announce construction is complete and closings have commenced at 151 Bay Street in downtown Jersey City. Located in the Powerhouse Arts District, 151 Bay Street rises 34 stories and offers 259 luxury condominiums with a full complement of exceptional amenities.
“We are excited to welcome our first homeowners to their new residences and thrilled with the positive response we have received from the community,” said David Von Spreckelsen, President of Toll Brothers City Living. “The exceptional amenities, finishes, and location of 151 Bay Street have been in great demand among homebuyers. Sales have been brisk since opening our doors and we are now over
Designed by SLCE with interiors by Bernheimer Architecture, 151 Bay Street is the third and final building surrounding the newly created Provost Square, a pedestrian-friendly plaza on Provost Street between Morgan and Bay Streets in Jersey City. This public plaza has defined the community with its restored cobblestone and rail line, seating and landscaping, and home to a performing arts theater.
Offering incredible views of Manhattan, the Statue of Liberty, and New York Harbor, 151 Bay Street features studio to three-bedroom homes with open-plan living areas, white oak floors, and oversized floor-to-ceiling windows. Open kitchens are outfitted with custom Italian walnut and dove gray cabinetry, quartz countertops, and Bosch and Thermador appliances. All the residences have vented washer and dryers. For those looking for open and airy space, The Loft Collection is a select group of residences that honor the industrial history of the neighborhood with varying ceiling heights from 11 to 13 feet.
Primary and secondary bathrooms include custom Italian vanities and porcelain tile walls, while the powder room features a white ash custom Italian vanity. Stunning porcelain floor tiles, quartz countertops, and Kohler fixtures create complementing levels of texture and depth in the powder rooms.
The expansive amenities include the 34th floor Sky Lounge that takes full advantage of the sweeping cityscape and waterfront vistas. A south-facing rooftop terrace affords one of the best places to watch the setting sun and bright city lights.
The 8th floor houses the fitness center with yoga room and an expansive residents’ lounge with a kitchen that opens out onto a sprawling sundeck with a gas fire pit and grills, seating for dining, and a pool with chaise lounges. Residents will enjoy the lounge’s kitchen, fully outfitted with professional quality appliances, along with a dining room and media lounge. Additional amenities include a game lounge with arcade games, children’s playroom, dog run and spa, onsite parking, and a 24-hour attended lobby to greet guests and take deliveries.
Residents have many options for entertainment just outside their door. The Historic Downtown Jersey City Farmers’ Market on Grove Street is a neighborhood favorite, as is Groove on Grove, a free concert series at the Grove Street Plaza. The vibrant Newark Avenue pedestrian plaza serves as a hub for the thriving arts and cultural scene and is home to dozens of restaurants and shops.
Residences at 151 Bay Street begin in the low
About Toll Brothers City Living:
Toll Brothers City Living is the urban development division of Toll Brothers, Inc., the nation’s leading builder of luxury homes. Toll Brothers City Living brings the same quality, value, and service familiar to Toll Brothers luxury home buyers throughout the country to dynamic urban markets including New York City and New Jersey’s Gold Coast. Toll Brothers City Living communities combine the energy of an urban lifestyle with unparalleled amenities, spectacular architecture, and striking interior design. Since its formation in 2003, Toll Brothers City Living has completed 45 condominium buildings totaling over 7,200 residences.
Toll Brothers, an award-winning Fortune 500 company founded in 1967, serves first-time, move-up, empty-nester, active-adult, and second-home buyers, as well as urban and suburban renters. The company builds in over 60 markets in 24 states nationwide and is publicly owned with its common stock listed on the New York Stock Exchange (NYSE:TOL). In 2024, Toll Brothers marked 10 years in a row being named to the Fortune World's Most Admired Companies™ list and the Company’s Chairman and CEO Douglas C. Yearley, Jr. was named one of 25 Top CEOs by Barron’s magazine. Toll Brothers has also been named Builder of the Year by Builder magazine and is the first two-time recipient of Builder of the Year from Professional Builder magazine.
To learn more about Toll Brothers City Living and its properties, visit www.tollbrotherscityliving.com.
About Sculptor:
Sculptor is a leading global alternative asset management firm with approximately
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Contact: Michael Duff, mduff@tollbrothers.com
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