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LeFrak begins leasing at Jersey City's Ellipse

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A rendering of the Ellipse luxury rental tower in Jersey City.
A rendering of the Ellipse luxury rental tower in Jersey City. - ()

New York City-based LeFrak recently announced it has begun leasing at its latest project in Jersey City, Ellipse. The 41-story luxury rental tower is located in the Newport neighborhood of the city, and is set to include 381 units and over 24,000 square feet of amenity space.

“Over the past 30 years, Newport has transformed into a wonderful place to live, work and play,” Richard LeFrak, chairman and CEO of LeFrak, said. “The Ellipse represents the culmination of our years of developing Newport into an in-demand neighborhood, and this waterfront building will set the bar and elevate the standard of living in Jersey City.”

Ellipse was designed by Miami-based firm Arquitectonica. LeFrak said the location of the property, on the Hudson waterfront, will offer a view of the Manhattan skyline for every residence.

“Residents who work from home will benefit from the co-working space, while those looking to relax and socialize can enjoy the multipurpose lounge and game room,” LeFrak said in a news release. “Fitness never felt so good, with a state-of-the-art gym boasting sweeping views of the Manhattan skyline. Kids are also catered to at Ellipse, which offers a fully equipped children’s playroom.”

Residents will also have access to the Newport Green, a 4.25-acre park on the Hudson, with pedestrian access to the Hoboken via the Hudson River Waterfront Walkway.

Unit rental prices will start at $2,600 per month.

Occupancy is slated for summer 2017.

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Mario Marroquin

Mario Marroquin

Mario Marroquin covers real estate. A native of El Salvador, Mario is bilingual in English and Spanish. He graduated from Penn State University and worked in Pennsylvania before moving to New Jersey. His email is mariom@njbiz.com.

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