Within just one year of the building's launch, Jersey City’s record-setting rental tower The Ellipse is now fully leased. The 41-story tower made history and headlines when it launched the single most expensive rental in Jersey City to date, a penthouse with spectacular city views for $11,000/month, and leased it the day it hit the market.
With all 381 units leased, residents will enjoy interiors designed by acclaimed Miami-based Arquitectonica. Homes feature floor-to-ceiling windows, oak plank hardwood floors, plentiful closet space, washer/dryers and multi-room climate control. Kitchens include two-tone cabinetry, stainless steel appliances, and quartz countertops. Select residences also include private glass balconies.
With all 381 units leased, residents will enjoy interiors designed by acclaimed Miami-based Arquitectonica. Homes feature floor-to-ceiling windows, oak plank hardwood floors, plentiful closet space, washer/dryers and multi-room climate control. Kitchens include two-tone cabinetry, stainless steel appliances, and quartz countertops. Select residences also include private glass balconies.
The tower’s 24,000 square feet of amenities culminate in an expansive outdoor pool and terrace, complete with a barbecue area and fire pit. Further perks include an east-facing state-of-the-art fitness center with panoramic skyline views, a children’s playroom, a multipurpose lounge, a game room, a 24-hour attended lobby, and a co-working space.
Developed by The LeFrak Organization, the project’s reach extends beyond its glass walls and into the surrounding 600-acre Newport district. For over 30 years, the developer has been expanding the development’s footprint, which currently reigns as the largest mixed-use community in the country.
Developed by The LeFrak Organization, the project’s reach extends beyond its glass walls and into the surrounding 600-acre Newport district. For over 30 years, the developer has been expanding the development’s footprint, which currently reigns as the largest mixed-use community in the country.
The surrounding area includes Newport Green, a 4.25-acre park home to the only urban beach on the Hudson River, as well as a 17,000-square-foot playground, a 30,000-square-foot turf field, and a boardwalk, not to mention free Wi-Fi. With a variety of upscale and casual culinary destinations, the Newport Centre Mall, and Newport River Market in close proximity, the neighborhood entices to stay. For those who desire to venture elsewhere, the Hudson River Waterfront Walkway permits direct pedestrian access to Hoboken, and the Newport PATH station allows for a convenient commute into Manhattan and Hoboken 24/7.
While Ellipse is credited as the community’s premiere project, it is joined by a slew of other nearby residential developments. Park and Shore is currently under construction nearby at 75 Park Lane South, a 359-unit condominium tower in development by Strategic Capital. Jersey City’s The Pier at 1 Harborside Place recently announced an enticing discounted security deposit of $1,000, with current one-bedrooms starting from $2,660/month and two-bedrooms from $3,685/month. Also nearby, Monaco, located one block inland from the Hudson River waterfront at 475 Washington Boulevard, is offering one month free on select leases, with studios beginning at $2,450/month.
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Contributing Writer
Katy Cornell
Katy Cornell is a Long Island native with a passion for writing about real estate in the big city. She recently graduated from the University of Virginia with a BA in English and is a frequent contributor to CityRealty's Market Insight and NYC real estate blog 6sqft.
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