ULI Northern New Jersey News

The Residential Boom on New Jersey’s Gold Coast

Much has been written about what is being called America’s biggest real estate development ever: the $20 billion, 5,000-residence Hudson Yards mixed-use community. But just across the Hudson River, a significant number of new and under-construction residential structures dot the New Jersey side of the Hudson’s so-called Gold Coast stretch, including three state-of-the-art mid-rise apartment buildings just completed at the 60-acre (24-ha) Lincoln Harbor mixed-use development.

skyline from njFerries are the most convenient transit option for the Gold Coast’s ever-burgeoning population—with the trip from Lincoln Harbor to Pier 78 taking all of six minutes. Indeed, the ferry service and other easily accessible transit systems rank among the key attractions leading to the exceptionally strong lease-ups of the two buildings that have opened for occupancy so far this year at the new three-tower apartment complex dubbed Estuary, notes Gus Milano, managing director with Lincoln Harbor developer Hartz Mountain Industries.

“Demand for our product continues to remain strong because we are in a great urban location near transportation and entertainment,” and also easily accessible to Manhattan as well as many employment centers in the Garden State, Milano continues. “And we offer the right set of amenities that complement our eco-friendly, stylish homes.”

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