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JERSEY CITY-Fisher Development Associates is getting set to wrap up construction and open up its Crystal Point residential condo project on this city’s waterfront. By numbers, the building rises 42 stories, has a total of 269 one-, two- and three-bedroom units in 36 stories atop several levels of parking, and will have about 7,000 sf of retail space when it opens in September.

The cost of the Crystal Point hasn’t been released, but the Purchase, NY-based Fisher Development did get the project done with the help of $135 million in construction financing arranged in late 2006 by Fremont Investment & Loan. Fisher was designated as developer of the site in early 2006, a redevelopment agreement was executed in September of that year and Crystal Point, originally named Hudson Exchange, got site plan approval in October 2006.

Crystal Point is located at 2 Second St., opposite lower Midtown Manhattan just across the Hudson River, on one of the last developable sites on this city’s waterfront. The building, with its crystalline-style glass exterior, was designed by the architectural firm Gruzen Samton.

“I think it brings a new level of style and elegance to the market,” says Brian Fisher, a principal of Fisher Development. “We’ve tried to combine aspects of a luxury resort with ‘all the comforts of home.’ The waterfront location is nestled between the charming Paulus Hook neighborhood and the Hudson River.”

Fisher Development isn’t a stranger to this market in terms of residential development. Crystal Point follows such other projects done in the market as the $100-million Liberty Towers on Hudson St., and the earlier Liberty Terrace, also on Hudson. Crystal Point itself, meanwhile, is located near light rail and ferry stops.

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