By Joshua Burd | A new loft-style residential building in Hoboken is striking a chord with buyers, driving a surge in sales activity at a project that has revitalized a historic factory building.
According to The Taurasi Group, the firm behind what’s known as Southend Lofts, the collection of 110 high-end condominiums at 38 Jackson St. is more than 50 percent sold after hitting the market just eight months ago. That’s due in part to what it hailed as a remarkable month of sales activity in May, when it signed contracts totaling more than $20 million in value.
The momentum underscores strong buyer demand for the community’s expansive loft-style homes, luxury amenities and distinctive fusion of historic character and modern design, the developer said, noting that closings are underway with homeowners now moving in.
“The sales momentum at Southend Lofts reflects the strength of the offering we set out to create,” said Gary Mezzatesta, managing partner of The Taurasi Group. “Buyers continue to respond to the scale and character of the residences, the quality of the design and the opportunity to own something truly distinctive in Hoboken while remaining just minutes from Manhattan. Welcoming our first homeowners while achieving this level of sales momentum is an exciting moment for the project.”
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