Green Features, Amenities and Design Contribute to Building Sales
Jersey City, NJ – June 1, 2011 – (RealEstateRama) — SILVERMAN, the developers of Hamilton Square, announced today that more than 50% of units are sold at the premier loft and condo development in the Hamilton Park neighborhood of Jersey City.
With 64 of the total 125 units now closed, Hamilton Square is over 50% sold. According to developer Eric Silverman, traffic and interest have risen dramatically in 2011, leading to an increase in sales over the last two months. “Buyers today are ready to purchase,” said Silverman. “They know that now is the time to buy since prices are affordable and interest rates may increase soon.”
Located at 232 Pavonia Avenue, Hamilton Square (www.livingonthepark.com) is an adaptive reuse and new construction development that features a mix of studio lofts and one-, two- and three-bedroom homes. Residences feature custom kitchens and spa-like bathrooms, advanced soundproof construction and high ceilings (up to 14 feet). The remaining units on the market range in size from approximately 630 to 1,840 square feet and in price from $359,000 to $899,000. Occupancy is immediate with no board approval required.
“Buyers are taking advantage of the spacious layouts, eco-friendly features, views of New York City, accessible transportation, and the community within Jersey City,” said Silverman, noting that the homes are attracting a number of first-time buyers. “We are also seeing more buyers who are selling their homes in the suburbs of New Jersey to move into a ‘walkable’ neighborhood like Hamilton Park where amenities and services are everywhere,” he said.
Hamilton Square features sustainable, green features and eco-friendly design elements including: Tiger Strand bamboo floors; recycled glass countertops; low-E glass double thermal pane windows and steel and concrete structural systems. Each residence is equipped with individually controlled TraneTM water source heat pump, supplied with tempered water from an efficient central gas boiler and cooling tower. Domestic hot water is also supplied through this source, dramatically reducing the carbon output for the building and saving residents money. Additionally, portions of the roof will be landscaped to help keep the development cooler, reduce water runoff, and lower heat reflection into the atmosphere.
Residents also enjoy numerous amenities, including a discounted membership at Hamilton Health and Fitness (www.hamiltonhealthandfitness.com), which is on site and offers a diverse selection of classes from yoga to spinning, a fully equipped Pilates studio; a 60-foot indoor lap pool; an expansive roof deck with barbeque, gazebo and outdoor shower; and a 24-hour doorman. Parking is also available on-site for a fee. Some of the units include wraparound terraces facing the New York City skyline with views of Manhattan.
The development embodies and reinforces the values and quality of life thriving in the Hamilton Park and Jersey City communities. Hamilton Park is home to a rich mix of boutique retailers and businesses such as Provident Bank, Newport Pharmacy, and Smith & Chang General Goods, as well as local grocers, cafes and other shops and services providing Hamilton Square residents with most everything they need for everyday living and enjoyment. Hamilton Square is located near the PATH and light rail and ferry stations, with one-stop access to New York City.
Hamilton Square has been developed by SILVERMAN, a Jersey City-based company responsible for building hundreds of market-rate and affordable housing units, as well as bringing a range of retail and commercial entities to the community. Hamilton Square’s capital partner is Goldman Sachs. Mullman Seidman, H.Thomas O’Hara and Urban Tectonics are the building’s architects.
For more information regarding the on-site sales office or to schedule an appointment please contact Sawyer Smith at sawyer (at) livingonthepark (dot) com or 201-434-1000.
SILVERMAN:
Brothers Eric and Paul Silverman founded SILVERMAN (www.silvermanbuilding.com) in 1981 and have built it into a Jersey City fixture. Today, SILVERMAN is a major engine behind the city’s revitalization: the foremost developer of mixed use neighborhood buildings, historic landmarks and creative retail destinations. A sampling of their high quality developments include: Hamilton Square, Schroeder Lofts, Majestic Theatre Condominiums, Park Foundry, Padua Court, Park Hamilton, Whittier House, Vespa Jersey City, Beechwood Café and Bar Majestic.
