Park and Shore, Jersey City's gold coasts' newest luxury condominium, officially celebrated its topping out to wrap up a successful March 2018. The milestone was announced by developer Strategic Capital, the investment arm of China Construction America, and construction manager and general contractor Plaza Construction. Sales at the project have hit the 51% mark in under one year since launching sales (September 2017). Closings are expected to commence in October 2018 and July 2019 respectively as the project is rapidly approaching completion.
Situated in the idyllic Newport neighborhood, Park and Shore represents the first condominium development within the predominantly rental driven area in eight years. Park & Shore is designed by the internationally renowned architecture firm Woods Bagot, and is comprised of two distinct buildings, 75 Park Lane and Shore House, which have now reached their full heights of 37 stories and seven stories, respectively. The condominiums represent the pinnacle of quality residential development in Jersey City and will feature unparalleled views of the Hudson River and Manhattan skyline, as well as an amenity-driven, full-service lifestyle unprecedented in the area.
“This marks a major milestone for Park and Shore, and highlights how close we are to bringing this condominium development to life,” noted Phillip Gesue at Strategic Capital. “Park and Shore signifies a truly unique opportunity in Jersey City – it fuses Manhattan-quality design, a robust amenity package and premier location for incredible value – and is redefining the Newport neighborhood.”
Just under 40 stories tall and featuring 358 residences, 75 Park Lane provides buyers with the coveted experience of living in a high-rise tower with outstanding river views and resort-like amenities. Shore House, a boutique seven-story, 71-unit building inspired by the lofts of Tribeca, offers an industrial aesthetic and avant-garde design style. Both buildings are being constructed by Plaza Construction, one of the nation’s leading construction management and general contracting companies and the sister-company of Strategic Capital.
“The interiors of 75 Park Lane are inspired by the sophisticated legacy of American modernism, while Shore House is a grittier counterpoint, recalling the industrial brick past of this neighbourhood,” said Principal Wade Little. “We designed the whole complex as a collection of hospitality experiences. Amenities include an Olympic-size swimming pool, jacuzzi, spa, library, wine-tasting room, private dining room, putting green and a lavish health and wellness precinct, complete with sauna and pool with views of nature. The Sky Lounge, with a chef’s table and terrace, commands wonderful views of the New York skyline.”
Gerald Gendreau, AIA, Senior Associate and building architect, said, “Woods Bagot is thrilled to have had the opportunity to design Park and Shore. The two buildings are unified by common materials: naturally colored metal and terracotta frames that visually connect the buildings to the adjacent public park. We designed the exterior in keeping with the scales of the buildings: 75 Park Lane is comprised of an interlocking series of two-story frames with floor-to-ceiling glass, while Shore House, the lower building, features staggered, single-story frames. 75 Park Lane begins with a low-rise base that extends to the street face. Its tower is set back respecting the residential community scale and provides terrific views of Manhattan and the surrounding New Jersey landscape.”
“We’re excited to help realize the vision for such a significant project that is sure to redefine the Newport Skyline,” stated Christopher Mills, Executive Vice President for Plaza Construction. “Currently Plaza Construction has well over two million square feet of ongoing construction throughout Jersey City. Our firm is proud to bring our record of excellence to this project and to reach this important milestone, while keeping on schedule and on budget. We look forward to the successful completion of Park and Shore.”
In attendance at the top-out ceremony were China Construction America Chairman and President, Ning Yuan, Chinese Consul General in New York, Zhang Qiyue, Jersey City Mayor, Steven Fulop and Plaza Construction Chairman and Chief Executive Officer, Richard Wood.
"We are excited to welcome Park and Shore to our Jersey City community, and know that this development will be an incredible addition to the City's waterfront,” said Mayor Steven Fulop. “Today's topping off ceremony represents and important milestone, and I look forward to cutting the ribbon on this building soon."
Ambassador Zhang Qiyue said, “We are glad to see Strategic Capital deliver Park and Shore on schedule while adhering to a high standard in quality. I have no doubt that this condo development will further enhance the vibrant community of Jersey City, which has become home of more and more international students and talented young professionals.”
Images via Field Condition