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RIVET, Jersey City’s Newest Luxury Apartments, Now Leasing

RIVET, Jersey City’s newest luxury apartment development, is now available for lease. Featuring 163 modern residential units, RIVET is a key component in the first phase of a mixed-use master plan to transform Jersey City’s west end neighborhood into University Place. Located at 23 University Place Boulevard, renters can experience the best in urban living starting at $1,600 a month.  Units range from 550 square feet to 1,300 square feet offering 27 studio apartments, 112 one-bedroom, and 24 two-bedroom units.  Occupancy is slated for July 2018.

Developed by The Hampshire Companies and Claremont Companies, RIVET features technology enhanced amenities and premier accessibility to shopping, dining and entertainment making it a distinctive destination in one of Hudson County’s hottest emerging neighborhoods.

Technology enhanced amenities and social spaces include a cyber café with WiFi access, Butterfly MX virtual entry and package delivery system, an activated 15,000-square-foot courtyard with a sundeck, lounge seating, gaming areas, grilling stations, and movie screenings, an indoor lounge with courtyard connectivity and a light-filled fitness center with Fitness On Demand and yoga studio.

Each unit offers the best in modern urban living and design featuring spacious 9’6” ceilings, contemporary kitchens with Frigidaire stainless steel appliances, undermount sinks, quartz countertops, white cabinetry, designer pendant lighting over kitchen islands and subway tile backsplashes. Upscale bathrooms feature large format porcelain floor tile, cultured marble vanity countertops, chrome faucets with sprayers, medicine cabinets, and tubs and showers outfitted with subway tile and glass mosaic accents. In-home, front-loading Electrolux washers and dryers add convenience while Armstrong wood-look luxury vinyl flooring and lever-style door handles provide clean finishes.

“RIVET offers all of the luxury and lifestyle amenities of comparable waterfront/downtown properties at affordable price points,” said Richard Sciaretta, Director, for Claremont Companies.

RIVET will also feature 10,000 square feet of retail space enhancing its walkability to everyday conveniences.  The site is located one-third of a mile from a Bergen Hudson Light Rail stop, providing access to the Hackensack River Waterfront and Hoboken as well as the opportunity to transfer to the PATH train for easy access to New York City. 177 structured parking spaces, two bike terminals and street parking provide additional ease for commuters.

“RIVET has everything today’s renter wants in a home,” said Norman Feinstein, Vice Chairman of The Hampshire Companies. “It is a perfect mix of modern luxury with the best that urban living has to offer right outside their doorstep.”

RIVET is part of University Place, a master redevelopment plan which will total eight buildings, 1,000 new luxury residential units and access to more than 120,000 square feet of retail, a vibrant performing arts center, cafes, theaters, and lush green space.

For leasing information please contact Jason Hirkaler at 201-204-0500, rivetmgr@greystar.com or visit http://rivetapts.com.  Property management services for RIVET are exclusively provided by Greystar. Circle Squared Alternative Investments served as the project investment advisor.

About The Hampshire Companies
The Hampshire Companies is a full-service, private real estate investment firm based in Morristown, New Jersey.  The Hampshire Companies is a vibrant, dynamic organization that combines creative vision and superior execution, thereby enabling it to create and enhance value in real estate investments.  Additional information on the Hampshire Companies is available online at www.hampshirere.com.

To stay connected with The Hampshire Companies and for updates on the latest transactions and news follow Hampshire on Facebook (www.facebook.com/hampshireco), Twitter (@hampshireco), and LinkedIn (www.linkedin.com/company/the-hampshire-companies).

About Claremont Companies
Claremont Companies is a third generation, fully integrated principal development and general construction firm focused on transit-oriented and downtown urban multi-family/mixed-use projects throughout New Jersey and the Metropolitan Area. Claremont’s ability to leverage the synergies between its real estate development and general construction platforms translates to a streamlined process from site acquisition through entitlements and delivery. For more information on Claremont please visit www.claremont-companies.com.  

To stay connected with Claremont Companies follow them on The News Funnel at www.thenewsfunnel.com/company/claremont-companies.

About Greystar
Greystar Real Estate Partners is a fully integrated multifamily company offering expertise in property management, development and investment throughout the United States and abroad. Headquartered in Charleston, S.C., Greystar is the largest operator of apartments in the United States and manages nearly 400,000 units in more than 100 markets with more than 10,000 team members. Greystar was founded by Bob Faith in 1993 with the intent to become a provider of world-class services in the multifamily real estate business. The innovative Greystar business model integrates the management, development and investment disciplines of the multifamily industry. To learn more about Greystar, visit www.Greystar.com.

Property Management services for RIVET are exclusively provided by Greystar.

Media Contact:
Tiffany Miller
R&J Strategic Communications