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(To read more on the multifamily market, click here.)

JERSEY CITY-Construction is just under way for 154-158 Steuben St., a new residential condo building here. The project is being done as a joint venture between TreeTop Development of New York City and the Hoboken-based Fields Development Group.

What its developers term a “boutique” condo building will add 18 one- and two-bedroom units to the market. Targeted buyers are single professionals and young couples, says Adam Mermelstein, a principal of TreeTop Development. Features will include on-site parking and a glass lobby. The developers say that preconstruction sales for the new building will start in April.

The Developers Group, based in Brooklyn, NY, has signed on as the exclusive sales and marketing agent for the building. The location is near the Grove Street PATH light rail station, which connects to Manhattan.

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