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 75% sold.”
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 $800,000s. Sales
and marketing is handled by Toll Brothers City Living, and the
sales gallery is located at 10 Provost Street, Jersey City, NJ
07302. For additional information or to schedule a visit, please
contact the Toll Brothers sales team at (201) 350-5944 or visit
151bay.com.
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 $32 billion in assets under management. With
offices in New York, London, Hong Kong and Shanghai, Sculptor
invests across real estate, credit, and multi-strategy platforms in
all major geographies. Sculptor’s real estate business was founded
in 2003 and has invested in over $23 billion of real estate assets
across 30 different real estate related asset classes including
direct equity investments, preferred equity structures, ground
leases, senior loans, mezzanine loans, among other real estate
investments. For more information, visit www.sculptor.com.
From Fortune, ©2024 Fortune Media IP Limited. All rights
reserved. Used under license.
Contact: Michael Duff,
mduff@tollbrothers.com
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/00eabce6-7f18-49e9-b21b-845e9fa422adhttps://www.globenewswire.com/NewsRoom/AttachmentNg/9a9b5314-51ae-4b73-bf38-0acfec30ffe4https://www.globenewswire.com/NewsRoom/AttachmentNg/4a30d21e-302d-4e91-b253-f1a2aed79d4c
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