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Features, New Jersey, real estate trends

Rendering of Newport’s new Park and Shore development

The mention of Newport conjures up images of yacht-filled harbors, gorgeous mansions, and beautiful beaches. But there is another Newport much closer to downtown Manhattan than Rhode Island and, amazingly, it also has yacht-filled harbors, beautiful residences, a beach, and unparalleled waterfront views.

A 600-acre, master-planned community that began almost 35 years ago by the LeFrak family, Newport, Jersey City is now hitting its stride. With sleek architecture, 15,000 residents, 20,000 professionals, a growing mix of retail and commercial options, and a location minutes from midtown and downtown Manhattan, Newport offers some appealing alternatives to those priced out of New York City or others looking for a slightly quieter option. The area boasts its diversity, but with a single family in charge of development and a skyline that looks more like Manhattan than Jersey City, is Newport just Manhattan-lite or does it truly have diversity with offerings for everyone?

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Cool Listings, New Developments, New Jersey, Rentals

ellipse, jersey city, lefrak organization

An earlier rendering of the Ellipse tower, via LeFrak Organization

An apartment in LeFrak Organization’s 41-story luxury tower, the Ellipse, just became the most expensive rental listing in Jersey City. According to The Real Deal, the unit is the biggest of the building’s five penthouses and features four bedrooms, four bathrooms and a terrace with city views. When LeFrak first launched leasing for the building at 25 Park Lane, the 2,300-square-foot pad was originally listed as $8,211 per month.

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