Developers Combine Ribbon Cutting with Groundbreaking in Jersey City
Following the Oct. 31 ceremony, Circle Squared Alternative Investments and the PRC Group broke ground on City Line East, a 198-unit luxury apartment project that will also include 8,564 square feet of retail space.
JERSEY CITY, NJ—Circle Squared Alternative Investments, The PRC Group of Companies and Del-Sano Contracting Corp. recently held a ribbon cutting ceremony for its City Line West luxury apartment building and at the same time turned the first dirt on its sister development City Line East project here.
Officials with Jersey City and New Jersey City University were on hand for the 132,000-square-foot, 144-unit City West development located at 33 University Place Blvd. Following the Oct. 31 ceremony, Circle Squared Alternative Investments and the PRC Group broke ground on City Line East, a 198-unit luxury apartment project that will also include 8,564 square feet of retail space.
The projects are part of the $400 million-plus University Place redevelopment area.
“It didn’t seem that long ago that our team was just starting to discuss University Place and reviewing preliminary ideas and sketches on paper,” says Jeff Sica, president and CEO of Circle Squared Alternative Investments. “Now, fast forward to this morning, and we’re coming together again to celebrate another momentous achievement in the master plan for this location.”
Each of the units comprising City Line West will offer advanced technologies, including smartphone door access, smart thermostats and Amazon Alexa Ready on selected switches; high-end kitchens featuring Silestone counters, decorative tiling and stainless-steel appliances; upscale bathrooms with cultured marble vanities and subway tiling and decorative lighting. The pet-friendly project also offers a pet washing station.
Other amenities at the property include Rhino No Security Deposit options, on-site parking and bicycle storage, a café, meeting room, a 24-hour fitness center with yoga room Wifi access, luxurious common areas including a rooftop BBQ and lounge.