(To read more on the multifamily market, click here.)
JERSEY CITY-Construction is just under way for 154-158 SteubenSt., a new residential condo building here. The project is beingdone as a joint venture between TreeTop Development of New YorkCity and the Hoboken-based Fields Development Group.
What its developers term a "boutique" condo building will add 18one- and two-bedroom units to the market. Targeted buyers aresingle professionals and young couples, says Adam Mermelstein, aprincipal of TreeTop Development. Features will include on-siteparking and a glass lobby. The developers say that preconstructionsales for the new building will start in April.
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