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Jersey City Celebrates Milestone in Transformation of West End Neighborhood with Ribbon Cutting for RIVET

Mayor Fulop joins The Hampshire Companies, Claremont Companies, and NJCU for celebratory opening of Jersey City’s newest luxury apartment building
Jersey City, N.J.

Executives from The Hampshire Companies and Claremont Companies were joined by New Jersey City University President Sue Henderson and Jersey City Mayor Steven Fulop today to celebrate the ribbon cutting for RIVET, Jersey City’s newest luxury apartment development, at 23 University Boulevard in the city’s west end neighborhood.

Featuring 163 modern residential units and 10,000 square feet of service-oriented ground level retail, RIVET is a key component in the first phase of a mixed-use master plan to transform Jersey City’s emerging west end neighborhood into University Place. Developed in conjunction with New Jersey City University and Jersey City, University Place is a master redevelopment plan which will help create Jersey City’s next vibrant and walkable neighborhood through the construction of eight buildings, 1,000 new luxury residential units and access to more than 120,000 square feet of retail, a performing arts center, cafes, theaters, and lush green space.

“The University Place project marks the next chapter in Jersey City’s remarkable story and we are honored to be a part of that story with the opening of RIVET,” said James E. Hanson II, President and CEO of The Hampshire Companies. “This project serves as an important milestone in the transformation of the City’s west end. We would like to thank President Henderson and Mayor Fulop for their vision, support and assistance in bringing this redevelopment plan to life and we are looking forward to continuing to work together to create a vibrant neighborhood within this great City.”

NJCU President Sue Henderson said, “Today, we cut the ribbon for RIVET, the first apartment building to open at University Place, and celebrate the progress that is being made in this bold redevelopment project. The public-private partnership that drives this project is a game-changer. It is transformative for both NJCU and our local community. University Place is a prime example of a win-win solution made possible through collaborative efforts involving the New Jersey Legislature, local government, the University, and the business community.”

Developed by The Hampshire Companies and Claremont Companies, tenants at RIVET can experience the best in urban living and all that Jersey City has to offer starting at $1,590 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. 

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, a dedicated pet washing space, and a light-filled fitness center with Fitness On Demand and yoga studio.

“Through RIVET we aimed to deliver a Jersey City waterfront luxury building experience at a much more affordable price point,” added Richard Sciaretta, Director for Claremont Companies. “The finished product clearly represents the fulfillment of this goal and we are proud to help deliver a building that will be in high demand for years to come.”

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. Additionally, the property boasts 24/7 on-site management and maintenance to ensure that tenants can expect the highest levels of customer service. 

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.

Leasing is now open with immediate occupancy available. 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.

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.

Media Contact:
Dan Johnson
R&J Strategic Communications