In Jersey City’s burgeoning Powerhouse Arts District, 242 new condos hit the market

It’s been a busy week for Jersey City’s thriving real estate scene. Yesterday, new details emerged on the 429-unit condo project, Park and Shore, which is set to launch sales in September, and today the Wall Street Journal has details on another condo. This new 28-story tower is being developed by Toll Brothers City Living (think Pierhouse in Brooklyn Heights) and will bring 242 apartments to Provost Square in Downtown Jersey City.

The development had a soft launch on July 5, and already sales activity is pretty brisk, a representative for Toll Brothers informed Curbed. Now, sales are officially underway, and apartments here start from the low $400,000 and go up to $1.3 million. Condos come in studios through three-bedroom variants with apartments ranging in size from 563 square feet to just over 1,300 square feet. The project was designed by HLW International, and is located within the Powerhouse Arts District.

Some of the standout features of the condos here include the floor-to-ceiling windows, the white oak flooring, the Bosch and Thermador appliances-equipped kitchens, and the washers and dryers in-unit.

Amenities here include a sky lounge on the 28th floor that has a kitchen, and a billiards table. Outside on the terrace, there’s a television, a fire pit, and great views of the Manhattan skyline. On the seventh floor, there’s another terrace, this one with a swimming pool. Other amenities on this floor include a dog run, a children’s play area, and a fitness center.

10 Provost is part of a three-building development at the newly created Provost Square. The pedestrian plaza is located between Morgan and Bay Streets and includes cobblestone paths and seating. The Grove Street PATH station is right next to the square. As part of its three-building project, Toll Brothers first developed a rental building at Provost Square, the 417-unit The Morgan. A 550-seat theater is to follow after the condo project. Work on 10 Provost is expected to wrap sometime in the fall of 2018.

Though much of the new development transforming Jersey City and New Jersey’s Hudson River-fronting waterfront has been rentals, the Wall Street Journal reports that both 10 Provost and Park and Shore are an indication that a host of new condos are on their way to Jersey City.

• Condo Developers Bet Jersey City Will Be the Next Brooklyn [WSJ]
• Peek inside Park and Shore, Jersey City’s ‘ultra luxury’ condo development [Curbed]
• 30+ developments transforming New Jersey's Hudson River waterfront [Curbed]