Posted Nov 9, 2016, 7:51 PM
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Registered User
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Join Date: Jan 2014
Posts: 3,018
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http://www.prnewswire.com/news-relea...300355316.html
Quote:
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ERSEY CITY, N.J., Nov. 1, 2016 /PRNewswire/ -- 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.
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This bodes very well for Journal Square since it's in a much better location but similar prices as the Beacon. Six month to rent stabilization is very fast. Industry standard is 3-4 years.
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