JERSEY CITY, N.J., July 12, 2018 /PRNewswire/ -- LMC, a
national leader in multifamily home development and management,
today announced the start of construction of The Lively, a
mixed-use apartment community in the Powerhouse Arts District of
Jersey City.
The Lively, LMC's inaugural development in the northeast, will
consist of 180 apartment homes and 1,343 square feet of
ground-floor retail as well as a 14,200 square foot black-box
theater and supporting spaces dedicated to the arts. First move-ins
are anticipated for summer of 2019.
"Jersey City, particularly the
downtown district, is experiencing a resurgence as it evolves with
growing culture, new restaurants, bars and retail," said
Greg Belew, city president of the
New York Tri-State region for LMC. "Jersey City is now more than a value-based
option to Manhattan and
Brooklyn. The area is attracting
more residents with its industrial-chic energy, turn-of-the-century
architecture and eclectic arts. We're thrilled to be a part of this
evolution and to bring a community to market that will further
energize the district and deliver a highly sought-after luxury
living experience to the area."
Under development at 321 Warren Street, The Lively will aim to
enliven the Powerhouse Arts District and introduce the area's first
large-scale theater, operated by Nimbus Dance Works, an
award-winning dance company and school. Lackawanna Coffee – a
popular local Jersey City coffee
shop – will also add more local flavor with its third location.
The Lively will feature excellent access to Manhattan from its location minutes from the
Grove St. PATH Station. The community is also within a short drive
of Interstate 78 and the New Jersey Turnpike Extension.
The Powerhouse Arts District is a historic warehouse district in
downtown Jersey City that derives
its name from the unused generating station Hudson and Manhattan
Railroad Powerhouse. The neighborhood was previously called
"WALDO," an acronym for Work And Live District Overlay and offers
vast dining and retail options within close walking distance,
including Newark Ave., Newport Mall and downtown Jersey City.
The community will feature a 24-hour concierge, a fitness center
with a flex fitness studio, and a roof deck lounge with sweeping
views of the district skyline as well as a pool and BBQ grills.
Additional community amenities will include a resident lounge,
library, demonstration kitchen and children's room.
The Lively will consist of studio, 1-, 2-, and 3-bedroom
apartment homes. Apartment interiors will include wood-plank style
flooring, Caesar stone countertops with backsplashes, custom
lighting fixtures and textured tiles throughout the bathrooms. The
community will also offer Signature lofted Penthouse units with
upgraded finishes and double height ceilings.
LMC, along with the community's general contractor Katerra (fka
Fields), architect and interior designer Fogarty Finger and construction lender TD Bank
celebrated the groundbreaking on June
20.
About LMC
LMC, a wholly owned subsidiary of Lennar (NYSE:LEN), is a
multifamily real estate development and operating company with a
diverse portfolio of institutional quality multifamily rental
communities across the US. LMC has a 24,400-unit pipeline of
communities ranging from operating to under development that
exceeds $8.4 billion and consists of
high-rise, mid-rise and garden apartments.
LMC creates extraordinary communities where people can live
remarkably.
www.LiveLMC.com
Media
Contact
Lindsey
Bernhardt
LinnellTaylor
Marketing
303-682-3941
lindsey@linnelltaylor.com
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SOURCE LMC