NEWS

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The Beacon Apartment Complex in Jersey City Completed and 95% Leased

01Nov

Building and Land Technology (BLT) announced that The Hague, the sixth and final apartment building within The Beacon luxury apartment complex in Jersey City, has fully leased up within six months of its introduction. With this milestone achieved, The Beacon apartment complex is now stabilized in its entirety following a massive historic preservation and renovation effort, and is now home to nearly 2,000 residents in its 1,155 rental units.

The Beacon, listed on both the New Jersey and National Registers of Historic Places, represents one of the largest historic renovations ever completed in the country and stands as New Jersey’s largest example of Art Deco-style architecture. The property was originally built in early 20th century as the Jersey City Medical Center and has been completely re-purposed and restored into an unparalleled modern living experience. With over 95 percent of the apartments now leased and all construction completed, The Beacon is now a vibrant, urban residential destination with an outstanding package of amenities.

“It has been gratifying to play a role in bringing this incredible property back to life,” said Paul MacKnight, Jr., Residential Portfolio Director for Building and Land Technology. “The extraordinary response from residents says it all. The rapid leasing velocity for such a substantial number of apartments exceeded our expectations and underscores the appeal of the product we created. At an attractive price point, our residents are enjoying a complete lifestyle package with beautifully designed apartments and unrivalled amenities, as well as an incredible location with easy access to New York City.”

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Builder touts lease-up of Jersey City redevelopment project

27Oct

The high-end residential complex in Jersey City known as The Beacon has leased up its sixth and final apartment building, marking the completion of a distinctive, ambitious project that saw developers readapt a sprawling early 20th-century hospital.

The developer of the property, Building and Land Technology, announced the milestone Wednesday, six months after delivering the 241-unit building known as The Hague. The site is now 95 percent leased across its 1,155 rental units, meaning the property is stabilized after a massive historic preservation and renovation effort.

That process goes back more than a decade, when a developer George Filopoulos acquired the former Jersey City Medical Center and began to repurpose it as condominiums. But the 1.5 million-square-foot project was stalled by the economic downturn after just two buildings were converted, causing the firm to sell the remaining six buildings to Building and Land Technology.

On Wednesday, an executive with the Stamford, Connecticut-based firm said it “has been gratifying to play a role in bringing this incredible property back to life” over the last four years.

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Jersey City first responders cook off for the title of top chef

19Sep

About a dozen police officers, firefighters, and EMTs cooked up their best dishes Sunday afternoon with their sights set on being named the top chef among the city’s first responders.

The inaugural First Responders Charity Cookoff was held at the Beacon to benefit the Jersey City Firefighters Distress Fund, the Police Unity Tour and the Code Green Campaign.

Cake Boss Buddy Valastro and New Jersey Devils legend Ken Daneyko were among the celebrity judges who helped taste and judge the first responders’ dishes.

Jersey City Police Officer Mariela Nieves took home two of the top five prizes — the People’s Choice Award and the Cake Boss Award — for her Spanish pork and rice dish. The 11-year veteran and South District officer said she’s looking forward to competing again next year.

“I love things like this,” Nieves said of the event. “You get to talk to the people of the community.”

Jersey City Medical Center EMTs Ernie Rios and Ray Krajovics placed second in the People’s Choice category for their butternut squash pasta with brown butter sauce and grape tomatoes.

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First responders charity cook-off set for Sunday in Jersey City

15Sep

The friendly rivalry between police and fire departments will reach new heights Sunday when Jersey City hosts its inaugural First Responders Charity Cook-off.

The event will be held at The Beacon, 20 Beacon Way in Jersey City, from 11 a.m. to 4 p.m. Jersey City police officers, firefighters and emergency medical technicians will be on hand, and many of them will be cooking up their favorite dishes hoping to win the favor of the crowd.

Those who purchase tickets will be able to vote for their favorite dishes and a special panel of celebrity judges will also help choose winners in various categories. The celebrity panel includes New Jersey Devils legend Ken Daneyko, “Cake Boss” Buddy Valastro, and “Goodfellas/A Bronx Tale” actor Joey D’Onofrio, among others.

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The Beacon Jersey City honored with two historic preservation awards

19Jun

The New Jersey Historic Preservation Office presented Building and Land Technology (BLT) with historic preservation awards for its successful restoration of two 20th-century Art Deco buildings in Jersey City, which have been transformed into luxury multifamily apartments.

The recently completed Criterion and Hague apartment buildings, which are located within The Beacon complex, were recognized during the 26th annual New Jersey Historic Preservation Awards ceremony. The awards honor projects, groups and individuals dedicated to preserving the state’s architectural, archaeological and cultural history. The completion of these properties fulfills BLT’s ambitious effort to thoroughly restore a collection of iconic architectural gems and transform them into a vibrant, urban residential community. Listed on the New Jersey and National Registers of Historic Places, The Beacon’s architecturally significant buildings have been re-purposed as a modern living experience, which today is home to more than 2,000 residents, 1,155 apartments and many amenities.