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

JERSEY CITY-The Marketing Directors Inc., based in New York City, has been appointed marketing and sales agent for four new residential communities being developed by Metro Homes. The combined properties add up to a total of 1,632 luxury condo residences.

More than half that total involves one property, the under-construction Trump Plaza Jersey City, which Metro Homes is joint-venturing with the Trump Organization. The project encompasses 862 condos, and its two towers will be the two tallest residential buildings in New Jersey when completed. Occupancy of the initial homes is scheduled for late 2007.

Also in Jersey City, the assignment includes the 432-condo Gull’s Cove on the city’s downtown waterfront, where sales have already started. In nearby Hoboken, meanwhile TMD is marketing Metrostop, a 119-unit, 11-story property where sales are just under way for the first phase. The fourth building is the Esperanza at Asbury Park, a two-tower property with 224 condos, currently rising in that oceanfront city’s 56-acre redevelopment district.

“These are extraordinary residential properties,” says Jacqueline Urgo, EVP at TMD. “Metro Homes has been a leader in urban development and revitalization.”

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