KRE Group breaks floor on Period II of luxury improvement in Bayonne

KRE Group, a authentic estate investment and management company based mostly in Bridgewater, announced on Monday the groundbreaking for the second period of Bay 151, a residential development in Bayonne.

Subsequent Phase I, which is now a lot more than 85% occupied, Stage II will construct a four-tale creating with 213 rental homes at 151 Centre St. When finish, the a few-stage project will have a complete of 625 models and 10,000 square feet of retail area. Section I was comprised of a 4-story creating with 200 studio to three-bed room rental homes and 15,000 square toes of indoor and out of doors facilities.

“We’re really enthusiastic to commence construction of the next period of Bay 151, which has promptly verified to be one particular of Bayonne’s most in-demand household developments,” Jonathan Kushner, president of KRE Group, reported. “Since launching leasing endeavours in May perhaps, Bay 151 has welcomed a number of new people, lots of of whom hail from New York Metropolis, in look for of more house, robust features and obtain to public transportation — all at an attractive price issue.”

The building’s facilities consist of a present day lobby with deal concierge, a physical fitness center, included parking, a carwash station and a canine-wash place, and an outdoor deck with dining regions, grilling stations and a vacation resort-fashion pool. People will have access to a library, co-doing the job house, company heart, workstations, Wi-Fi lounges, billiards area, demonstration kitchen, media home and a children’s engage in home. There is also a complementary shuttle to the Grove Street Route station. All features are at the moment open up to residents.

The home is in just quick access to Interstate 78 and the New Jersey Turnpike’s Exit 14A.