The James Monroe
General information
TypeResidential
Location45 River Drive South, Jersey City, New Jersey, 07310, United States
Coordinates40°43′42″N 74°02′01″W / 40.7283°N 74.0335°W / 40.7283; -74.0335
Completed1989
Height
Roof312 ft (95 m)
Technical details
Floor count34
Lifts/elevators4
Design and construction
Developer
  • Lefrak *Queenstogether *Melvin Simon & Associates *Glimcher Company
Main contractorLeFrak
References
[1]

The James Monroe (named after James Monroe) is a 312-foot-tall (95-m) residential skyscraper in the Newport[2] neighborhood of Jersey City, New Jersey.[3] It was completed in 1989 and has 34 floors and stands at a height of 312 feet (95 meters). The 443-unit, 34-story residential condominium tower contains studio apartments, one and two bedroom units, and three bedroom duplexes.[4][5] It was developed by the Lefrak Organization of Rego Park, Queens together with Melvin Simon & Associates of Indianapolis and the Glimcher Company of Columbus, Ohio.[4]

History

Developer Samuel J. LeFrak first inspected the building site, with views of the Manhattan skyline, rail connections, and proximity to the city, in 1983.[6][7] Construction on the Monroe began in 1986 and the building was completed in 1989.[7] The proximity to Manhattan attracted immediate attention from New Yorkers.[8] It opened in 1989, just before a real estate recession hit that lasted until 1995.[7] The company missed and had to renegotiate a mortgage payment in 1991.[7]

The James Monroe was built relatively early in the transformation of the largely abandoned, post-industrial waterfront of "old factories and rotting rail yards" that made up the Jersey City waterfront in the 1980s and 90s into an upscale, residential neighborhood.[4] The building is part of a larger building boom in Jersey City's decayed railroad and warehouse waterfront district which is being redeveloped with large towers such as the James Monroe.[9][10] It has since attracted international buyers.[11]

See also

References

  1. ↑ "The James Monroe, Jersey City | 121611 | EMPORIS". www.emporis.com. Archived from the original on December 9, 2017.
  2. ↑ "The James Madison". The Skyscraper Center. Retrieved 28 June 2019.
  3. ↑ LLC, New York Media (March 28, 1988). "New York Magazine". New York Media, LLC – via Google Books.
  4. 1 2 3 Gabarine, Rachelle (8 March 1991). "Housing in Jersey City; Condo Tower Rises Along the Hudson". The New York Times. Retrieved 20 June 2019.
  5. ↑ Prior, James (1 November 2001). "The Gold Coast construction Continues on the Waterfront". New Jersey Business. 47 (1): 22.
  6. ↑ Clark, Amy Sara (19 November 2010). "Japanese developers tour Jersey City's Newport as example of transit-oriented smart growth". NJ.com. Retrieved 5 July 2019.
  7. 1 2 3 4 Hevesi, Dennis (13 September 1998). "At Newport, new apartments and offices are rising.: On the Hudson Shore, a City Within Jersey City". New York Times.
  8. ↑ Shaman, Diana (22 July 1988). "About Real Estate; Towers Next at Jersey City Complex - The New Jersey City Complex". The New York Times. Retrieved 24 June 2019.
  9. ↑ Cotter, Robert; Wenger, Jeff (2015). "Jersey City on the Rise" (PDF). Council on Tall Buildings and Urban Habitat. {{cite journal}}: Cite journal requires |journal= (help) quoted in Horsley, infra.
  10. ↑ Horsley, Carter (May 3, 2016). "Skyline Wars: New Jersey's Waterfront Transforms With a Tall Tower Boom". 6sqft. Retrieved June 24, 2019.
  11. ↑ Searcey, Dionne (1 October 2014). "Indians Join the Wave of Investors in Condos and Homes in the U.S." The New York Times. Retrieved 26 June 2019.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.