Real Estate NJ: Bogota apartments nearly 75 percent leased, with more than 200 units rented

PCD Development recently opened a slate of outdoor spaces at The Atwater in Bogota, including a heated pool, a sun deck, cabanas, grills and an outdoor theater. — Courtesy: PCD

The developer of a new luxury apartment complex in Bogota has signed more than 200 leases at the property, accounting for nearly 75 percent of its available homes.

The firm, PCD Development, recently debuted the final piece of the project’s first phase at 100 West Fort Lee Road, the site of what it calls The Atwater. The momentum follows the launch of leasing last fall, which has given way to strong velocity.

The newest section, which brought 107 units to market, includes one- and two-bedroom units with monthly rents starting in the $2,000s and available incentives. Immediate occupancy is available.

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