M id A tlantic Real Estate Journal — Owners, Developers & Managers — February 19 - March 12, 2021 — 19C
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O wners , D evelopers & M anagers
Residential Community In Kearny Begins 2021 At 50 Percent Leased RussoDevelopment’s 3 rd residential community in Kearny begins 2021 at 50 percent leased
K
EARNY, NJ — Even during these unprec- edented times, renters
to Vermella East in the fall with his partner, Yokov Mag- dalasov. “We’re paying less but have gained so much more—a larger home with an extra room for my art studio, a gym in the club house that Yakov uses daily, and a private dog park for our labradoodle, Ar- chie.” Vermella East’s location in Hudson Pointe, a walkable neighborhood offering nearby retail and dining options is highlighted by the seven-mile scenic Passaic River River - walk. Russo Property Manage -
ment’s luxury apartment ex- perience has been available in Kearny since 2015 when it opened Vermella Crossing, a 230-unit community with a CVS and Investor’s Bank at Schuyler and Bergen Avenues followed by Vermella West’s 280 units, also on Passaic Ave., opening in 2018. Vermella East is also located within walking distance of the Kearny Commons retail corridor featuring with BJ’s, Marshalls, LA Fitness, Star- bucks and Chipotle, a new urgent care center and more just moments away. MAREJ
looking for the next hot neigh- borhood in the NYC-Metro area are flocking to the amenity-rich community, Vermella East in Kearny’s Hudson Pointe. This newly christened area that had long been a cornerstone of New Jersey’s industrial history is now home to luxury rental communities and is the hub of Hudson County retail with BJ’s ShopRite, Chipotle, and Marshalls. The 268-unit luxury rental community is already 50 percent leased with residents enjoying its clubhouse’s fully equipped double-height state- of-the-art fitness center, play - ing pool or watching TV in the game room, as well as work- ing from home in the spacious business center. There is a re- sort-style swimming pool and an outdoor fitness area that will open again in the spring, and residents can stay busy during the colder months par- ticipating in the community’s residential events program. “We created the Vermella col- lection of residential communi- ties for the discerning renter seeking an urban-suburban hybrid living experience, with each of our eight communi- ties offering its own aesthetic and personality reflecting our brand’s overall mission to provide appropriately priced attainable luxury in the North- ern New Jersey market,” said AdamPasternack , President of Russo Property Manage- ment. “Vermella East’s mix of sophisticated boutique hotel meets industrial chic offers a one-of-a-kind aesthetic that has drawn in residents, even during challenging times.” Vermella East’s contempo- rary studio, one and two-bed- room residences are the largest floorplans in Hudson County and feature gourmet kitchens with energy efficient appli- ances complemented by cus- tom cabinets, black hardware, quartz countertops andmodern backsplashes. All apartment homes have nine-foot ceilings, ample storage space, in-home washer-dryers, and convenient smart locks, and leasing starts in the mid-$1600’s. “We were looking for a neighborhood that reminded us of our previous home in Brooklyn, but with new con- struction and a balcony,” said Alex “Sasha” Key who moved
Vermella East
O D M U P COM I NG S P OT L I GHT S
March:
BUILDING TECHNOLOGY
April:
BUILDING SERVICES/SUPPLIERS
May:
JANITORIAL/ FACILITY MANAGEMENT
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For More Information Contact Lea Christman
lea@marejournal.com
781.740.2900
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