NEW LUXURY RENTAL APARTMENTS IN NJ’S MORRIS COUNTY FOLLOW DEVELOPER’S PROVEN FORMULA FOR SUCCESS

Trammell Crow Breaks ground on Alexan Riverdale, A worthy successor to Bayonne’s Alexan CityView

RIVERDALE, N.J. – Developer Trammell Crow Residential is quickly moving ahead with initial construction activities at Alexan Riverdale, the newest offering in its signature series of successful luxury rental communities.

Sitework is well underway in the first housing phase of an eventual collection of 212 apartment homes in two four-story buildings which will rise on a 15-acre site in the affluent Morris County Borough of Riverdale. Leasing is expected to begin in spring, 2010.

“Alexan Riverdale will unquestionably follow in the footsteps of Alexan CityView, which opened with tremendous leasing success earlier this year in the Hudson County City of Bayonne,” notes Peter Porraro, Senior Managing Director of Trammell Crow Residential.

“More than 20% of this community’s 544 apartment homes were reserved during the first three months of leasing and we are confident that Alexan Riverdale will do equally as well – especially in light of the fact that the rental market in New Jersey continues to be extremely strong, with few contenders to fill a void of new-construction rental alternatives.”

Located in a commuter-friendly municipality serviced by a well-developed network of major thoroughfares and public transportation options, Alexan Riverdale will offer easy access to business centers in Manhattan, Parsippany, Morris County and Northern New Jersey. Route 23 is practically at its doorstep, while Routes 202 and 287 are close by. Fast, efficient public bus and train service into Manhattan are also a short drive away.

“In addition, residents of Alexan Riverdale will enjoy a comprehensive lifestyle, with state-of-the-art recreational and social facilities on-site,” points out Mr. Porraro. “Prominent among them is a 5,000 square-foot clubhouse with an outdoor pool, fitness center, spin room, gaming studio, multiple flat screen televisions, a teaching kitchen, billiard table and a resident lounge with double sided fireplace”.

One- and two-bedroom layouts will feature expansive interiors full of upscale appointments. Twenty floorplans will be offered – some with dens – and will feature kitchens with granite countertops, and stainless-steel Energy-Star appliances, available wood finished flooring, available island kitchens, outdoor terraces and balconies.

At Alexan CityView in Bayonne, residents enjoy spectacular views of Manhattan and the waterfront activities of New York Bay. More than 100 leases have been signed and the first move-ins have begun.
“To say Alexan CityView has been a success would be an understatement,” notes Karen Kossow, Vice President of Sales and Marketing for Kettler Management, which handles leasing and property management services for both Alexan CityView and Alexan Riverdale.

“Renters have quickly recognized this community as an alternative to Gold Coast living,” she adds, “with apartments that masterfully blend expansive living spaces with upscale finishes and appointments, a comprehensive suite of amenities and services that approximates to a luxury resort, and a sprawling waterfront site that’s just blocks from the Hudson-Bergen Light Rail and a short trip into neighboring Hoboken, Jersey City and Manhattan.”

Situated on an expansive 297-acre site along New York Harbor, Alexan CityView offers panoramic views of Manhattan, the Verrazano Bridge and the spectacular Bayonne Golf Club. The community’s location offers easy access to the New Jersey Turnpike and Routes 78 and 440 and is just minutes from the Holland Tunnel, while the nearby Hudson Bergen Light Rail offers convenient service to Jersey City, Hoboken, PATH Trains and ferries.

Many apartments at Alexan CityView offer private courtyard balconies and terraces, expanding the elegant living areas and maximizing the views offered by the waterfront location. Generous closet space and nine-foot ceilings are provided in the living areas. The city-inspired amenities are highlighted by a 9,000 square-foot, WiFi-enabled clubhouse and outdoor heated pool and sundeck, a commuter-friendly location and attractive rental rates

For additional information on Alexan CityView and to schedule a tour of the clubhouse and furnished model apartments, please visit http://www.AlexanCityView.com, or call 201-455-5825.

Trammell Crow Residential (TCR) is the premier residential development firm in the nation. For over three decades, TCR has been building better environments for living. TCR’s commitment is to build communities that are more than simply places to live. TCR builds homes where you can grow, prosper and enjoy a quality of life uncommon in rental living. Each community is designed with unparalleled sensitivity to regional preferences, both in construction and amenities. Architectural design complements the setting, interior floor plans are both functional and flexible, and landscaping and community areas are carefully designed and immaculately groomed. Each community TCR develops is truly a reflection of forward-thinking design, integrating living and recreation spaces for today’s lifestyles. TCR apartments are among any city’s most desirable apartments.
For more information about Trammell Crow Residential, please visit http://www.tcresidential.com.

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