HOMEBUYERS ENJOY A “TASTE OF JERSEY CITY” AT THE SAFFRON CONDOMINIUM BUILDING

Photo Credit: Billy John Moore

JERSEY CITY, N.J. –- Summer was in the air at The Saffron in downtown Jersey City recently when developer Fields Development Group hosted an exciting night of food, drinks and music that displayed many of the traits that draw so many young couples and professionals to this historic Hudson County City.

Warm May temperatures made it a perfect evening on the rooftop deck at the boutique condominium building for a “Taste of Jersey City” event where new neighbors could meet and greet and potential homebuyers could hear first-hand accounts of all the attributes that drove Saffron homeowners to purchase at the 76-home community located just blocks from the Grove St. PATH Station.

The Saffron has celebrated the arrival of its first homeowners over the past four months – an important milestone signifying the building’s transition into an active, lived-in community – and the “Taste of Jersey City” party was the ideal way to welcome them to the building.

Martin Rivas and Craig Meyer performed live music while guests mingled sipping signature Saffron cocktails by mixologists from Skinner’s Loft, LITM and The Hamilton Inn and tasted culinary delights from Skinner’s Loft, Parkside Bistro and The Hamilton Inn. A few lucky attendees also won raffle prizes including gift certificates to all three restaurants, an iPod Nano, iTunes gift cards and gift certificates to Jessie James women’s clothing boutique.

“What better way to celebrate the start of summer than with a casual and fun event that illustrates both the upscale urban lifestyle at The Saffron, as well as in Jersey City,” notes James Caulfield, Jr., a principal of Fields Development Group. “Those who attended the ‘Taste of Jersey’ were provided a glimpse of what makes this building so special in terms of homes, amenities and services. All left impressed by what they saw in the building and the City’s dynamic downtown district.”

A strong attraction to the luxury, value and affordability being offered in The Saffron and the continued desire to reside in this setting has spurred significant buyer activity, resulting in nearly 40% of its condominium homes sold since sales opened early this year. One-, two- and three-bedroom residences housed in the two five-story Saffron buildings are initially priced from the low-$300,000s. Immediate occupancy is available.

“Here, homebuyers will discover new-construction, well-conceived floorplans complemented by cutting edge finishes, desirable outdoor space and convenient enclosed parking at a price point that is far below what’s found at new developments in the area,” Mr. Caulfield says.

“What’s more, our monthly maintenance fees are close to $500 less than comparable competition, with one-bedroom homes starting at $149 a month and two-bedrooms starting at $208. And buyers will certainly appreciate our location in the heart of downtown Jersey City just steps from the PATH Station and myriad of dining, shopping and nightlife options; and minutes from the bustling waterfront.”

The Saffron is being made even more attractive to homebuyers thanks to the added value of a five-year tax abatement and its approval from the Federal Housing Administration (FHA) which allows qualified purchasers to take advantage of FHA financing that requires as little as 3.5% down.

Situated at 217 Newark Avenue, The Saffron’s two five-story condominium buildings are connected by a central lobby and complemented by a central courtyard and rooftop terrace.

There’s also 3,500 square feet of ground floor retail space and 50 enclosed parking spaces. The main lobby entrance is located on Newark Avenue to provide easy access to the many cultural, entertainment and business opportunities in downtown Jersey City.

One-, two-and three-bedroom homes range in size from 675 square feet to roughly 1,200 square feet of living space and offer modern and trendy interior elements such as man-made stone countertops, custom white high-gloss cabinets, bamboo hardwood flooring, custom ceramic tile baths, stainless steel appliances and designer fixtures. In addition to the courtyard and rooftop decks, building amenities include a roof lounge with seating and flat screen television and an extensive fitness center.

Designed by Mark Gould Architects, the buildings feature an elegant brick façade with glass and corregated metal accents. Inside, homes rival those found in historic brownstones, townhomes and upscale condominiums in Brooklyn. Most of the residences feature outdoor spaces such as private terraces.

“The Saffron is an appealing alternative to the high-rise condominium buildings that line the Hudson River,” says Marco Tartaglia, Realtor at Boutique Realty, exclusive sales and marketing agent for The Saffron. “The developer has taken elements of the classic exterior architecture and interior designs that define notable neighborhoods such as Williamsburg and Bedford-Stuyvesant and incorporated them into these buildings to create a living experience that exudes urban charm.”

For more information on The Saffron or to visit the building’s furnished model homes, please call 888-9-SAFFRON or visit http://www.saffronjc.com.

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