Strategic Capital unveils ultra-luxury residential project
Park & Shore: the pinnacle of quality in Jersey City, U.S.
Every investor has their own American dream, either to pursue a career in the U.S. or to send their children to the country’s highly-esteemed universities. America, as a land of freedom for immigrants, home to top-notch higher education and the birthplace of quality medical technology, attracts flocks of international investors.
Ideal destination for international investors
America has a sound financial services environment, a well-established legal system, highly liquid and diversified capital markets, and clear private ownership of property, all of which contribute to its status as an ideal destination for global investors.
Since the U.S. presidential election, the U.S. dollar has depreciated in the short term, although some experts expect the greenback to resume its rise with the Republican Party in charge of the White House and Congress. A recent JLL research report suggests that the currency rate will improve and create a short-to-medium term net-positive for investment activity and performance.
The backyard of Manhattan
Jersey City is often considered the sixth borough of New York City, and the Jersey City waterfront is especially attractive due to its splendid views of the New York skyline, convenient transportation to Manhattan, and affluent, well-educated population.
Confirming its status as an extension of Manhattan, many global financial companies like JPMorgan and Goldman Sachs have moved their offices to Jersey City. Only a 7-minute drive to Wall Street and New York’s financial hub, comparisons have been drawn between Jersey City and the development of Canary Wharf in the UK. If you weren’t lucky enough to invest in Canary Wharf’s boom ten years ago, Jersey City is arguably the next best opportunity.
As one of the few condominium developments in recent years, PARK AND SHORE will provide a highly anticipated opportunity to buy Manhattan-quality residential units in Jersey City.
Park and Shore
Developed by Strategic Capital, a global real estate investment company based in the Greater New York area, two new buildings, 75 Park Lane and Shore House, will redefine condominium living in Jersey City. They will introduce a range of high quality residences to the Newport neighbourhood, offering discerning interior design and a lifestyle that is unmatched in the vicinity.
75 Park Lane and Shore House are situated on adjacent blocks and will each offer a unique mix of residences and share a suite of top-tier amenities.
75 Park Lane will feature 358 elegantly designed homes with a diverse mix of floorplans, ranging from studios to three-bedrooms, as well as spectacular penthouses. At 37 storeys, its views of the Hudson River and Manhattan skyline will be unparalleled.
Shore House, located across the street but adjacent to 75 Park Lane, will feature units in the industrial luxury style found in Tribeca and Brooklyn, and is comprised of 71 meticulously designed one- and two-bedroom residences. The project will offer a thoughtful, resort-like amenity package to compete with the most sought-after New York City condominiums. The best-in-class comforts and conveniences will include a private swimming pool, a state-of-the-art spa and fitness centre, a rooftop lounge, children’s play area, game room and golf simulator, as well as a wine tasting lounge with private dining room, a multimedia lounge, and co-working and conference areas.
Pricing for regular apartments in the development will start from US$650,000.