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.”