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Deals & Dealmakers

KRE AND NORTHWESTERN MUTUAL LEASE UP 507-UNIT JERSEY CITY TOWER

From Left: Jeremy Kaplan, COO, KRE Group; Murray Kushner, Founder, KRE Group; Jeff Persky, Partner, KRE Group; Joyce E. Watterman, Council President, Jersey City; Matt Ascher, Senior Director, Northwestern Mutual Real Estate; Steven Fulop, Mayor, Jersey City; Jonathan Kushner, President, KRE Group; Marc Kushner, Design Director, KRE Group.

Jersey City Mayor Steven Fulop joined principals from Kushner Real Estate (KRE) Group and Northwestern Mutual today to cut a ceremonial ribbon at 351 Marin, marking the completion of a significant addition to the Jersey City residential landscape and one of its most successful developments to date.

The new 38-­story tower delivered 507 residences to Jersey City’s lively Powerhouse Arts District – all of which leased up in just five months, according to the development partners, which tapped The Marketing Directors to oversee the leasing program.

The celebratory event took place in a new 4,500 square foot, landscaped public plaza – created by KRE and Northwestern Mutual – which features a pavilion and fountain display. The community space leads directly into 351 Marin’s welcoming lobby and the newly opened Wattle Café, an Australian-inspired wellness health brand known for crafting food with a healthy spin.

“When we took office, we really had a pro-development stance because we recognized that a healthy city is a growing city,” Mayor Fulop said.  “You just need to look around us right here at 351 Marin and there aren’t many cities in the state that can absorb two 50-story buildings going up across the street from each other simultaneously and at the same time, a crane half a block away creating another building of similar size.  It speaks to the vibrancy of Jersey City and the special place it is and that people want to live here and do business here and KRE Group makes it very easy for us to be partners. We see a lot of developers come through with a lot of different proposals.  The difference with KRE is that when they say they are going to do something, they execute on it and that makes it very easy from an administration side.  On behalf of all of us, congratulations and we look forward to more ribbon cuttings in the future.”

“351 Marin continues our longstanding commitment to Jersey City through developments that provide first class residences, public amenities and neighborhood retail services near mass transportation,” said Jonathan Kushner, President of KRE Group. “We’re proud to have once again delivered a building that has successfully attracted residents to the area at an historic rate while also building on the unique character and energy Jersey City is known for.”

“We are thrilled to be partnered with KRE on another successful residential development in Jersey City. The property is truly breathtaking, and its performance has exceeded all of our expectations,” said Matt Ascher, Senior Director at Northwestern Mutual Real Estate. “Northwestern Mutual has been making both equity and debt investments in Jersey City for over 25 years and we look forward to continuing to invest in additional iconic assets like 351 Marin.”

Aptly named after its address at 351 Marin Boulevard, the cutting-edge building is just minutes from the Grove Street PATH station and Hudson Bergen Light Rail system, and near commuter ferries with service to lower and Midtown Manhattan. The new residential offering lies perfectly between Jersey City’s vibrant Hudson River waterfront, the growing theater and gallery scene within the Powerhouse Arts District, and the exciting dining and nightlife lining the Newark Avenue Pedestrian Plaza.

Designed by Hollwich Kushner and HLW Architects, 351 Marin features a distinctively angled base that creates a dramatic backdrop to the plaza and a free-standing pavilion. The façade rises to a geometric crown that stands out amongst the Jersey City skyline and harkens to the triangular forms 38 stories below on the public plaza.

A mix of studio, one- and two-bedroom apartments boast open layouts loaded with upscale features. Residents enjoy a full suite of modern and thoughtful amenities highlighted by a 37th-floor Sky Lounge with co-working spaces, banquette seating, and a tiered theater. An outdoor, landscaped patio provides spectacular views of the Manhattan and Jersey City skylines.

The building’s eighth floor features a 24-hour fitness center, yoga/studio/group fitness area, full entertainment kitchen with sitting area, movie and screening area, game room and children’s playroom. An outdoor, landscaped terrace features a pool deck with a resort-style pool, lounge seating, fire pits, and BBQ grilling stations with prep counters. A community garden and dog run can be found on the seventh floor.

351 Marin’s lobby is notable for its live green walls and abundant seating areas, while 24-hour concierge service caters to resident needs. Onsite parking is also available.

For additional information on 351 Marin, please visit www.351MarinJC.com or call 201.588.3510.

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