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West New York Reporter a Publication of the Hudson Reporter Nine Weekly Newspapers Serving Hudson County Volume 10, Number 30 Sunday, September 24, 2006

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West New York Reporter a Publication of the Hudson Reporter Nine Weekly Newspapers Serving Hudson County Volume 10, Number 30 Sunday, September 24, 2006 the West New York Reporter A Publication of the Hudson Reporter Nine Weekly Newspapers Serving Hudson County Volume 10, Number 30 Sunday, September 24, 2006 WHAT’S TO COME – A colorized rendition of the what the Views at Hudson Pointe will look like upon completion, which will serve a multigenerational community, with full amenities and two bedroom condominiums starting from $600,000. TAKING A WALK – The Vista Point at Imperial Walk will be one of the most exclusive communities at Port Imperial on the waterfront offering panoramic views of the Glittering from Manhattan skyline and modern design. warehouses, and docks, the coast has become a with full amenities. The starting price for these thriving community of residential and office condos is $600,000. WNY to buildings, dining and entertainment establish- The average rate for a luxury condo on the ments, and high-end shops. Gold Coast can range from $500 to $1,000 per square foot, while the going price in Manhattan for an average condo is $1,100 per What’s drawing buyers? square foot. Weehawken In addition, the K. Hovnanian developments One of the biggest allures to the Gold Coast allow the buyer to customize their new homes is the proximity to New York City and the through a variety of available design packages. Stylized homes burgeon on NJ’s ‘Gold transportation options that continue to grow, “Right now it’s for me and I like the idea of such as the newly constructed Weehawken ter- being close to the city,” said Vijay Komar, a minals for the Hudson-Bergen Light Rail, and soon-to-be resident of Grandview II in West Coast’ waterfront the New York Waterway Ferry terminal that New York, which has not yet opened. “The transports commuters to New York in 15 min- homes are really pretty and it’s convenient By Jessica Rosero said Doug Fenichel, region director of public utes. because you are going to have all these stores Reporter staff writer relations for K. Hovnanian. “Since that time, “You have a tremendous transportation infra- underneath.” this has all grown and we have built approxi- structure. It’s easy to get to major roads and Komar, who currently lives in Middlesex ny leisurely drive up River Road mately 2,500 homes along the Gold Coast.” airports,” said Fenichel. “You really have the County, commutes to New York for work. reveals – besides an unparalleled With residential communities from availability and flexibility.” These luxury properties have continued to A sparkling view of the Manhattan sky- Edgewater to West New York already complet- Some of the company’s recently completed sell out quickly and interested buyers are line – numerous new luxury townhouse devel- ed, the company is working on several projects developments include Port Imperial North in advised to act fast. opments from Weehawken through West New to be completed within the next few years. West New York and Riverview at City Place II “New Jersey residents have become such York. “We’re seeing a variety of different types of in Edgewater. savvy buyers and investors that there are only Several of them are being constructed by the buyers from singles and young couples to Upcoming projects will occur along the so many properties available,” said Judy Klein, biggest homebuilder in New Jersey, K. empty nesters who love that they can be right Weehawken border, including The Lofts at account manager for Stanton Hovnanian, which builds almost one in every across the river from Manhattan and they get Riverwalk and the Four Seasons at Imperial Communications. “People have really seen the nine homes in the state. to live in a new home that is built to match Walk, which is the first development catering growth of this area and know it’s going to get In the last 10 years, there has been a surge of their lifestyle,” said Fenichel. only to the adult community age 55 and above. harder and harder to purchase here. It’s a great redevelopment along the Hudson waterfront, New Jersey’s Gold Coast, which was nick- Many of the new communities offer 24-hour time to buy.” nicknamed the “Gold Coast,” with the addition named in the 1980s, spans the Hudson River concierge service, fitness centers, swimming of luxury condominiums, townhouses, and facing New York from Fort Lee to Bayonne, pools, gardens, wine storage, and parking, with single family homes. and now has a population of about 600,000 much more space than in Manhattan. The developers “We have been here a long time and Jacob’s residents. “I’m a resident and also a Realtor,” said Rob Ferry is where it all began in the late 1990s,” Once overrun with rail yards, factories, Hynds, a resident of Harbor Place in West New K. Hovnanian first took interest in Hudson York. “It’s remarkable that [the waterfront] River’s waterfront in the late 1990s and since wasn’t developed a long time ago. The over- that time the company has built over 2,000 whelming thing that people love about the homes. community is access to the city, and you can “We’ve had great faith in this area and recog- get much more space than living in the city.” nized the value of the investment,” said Hynds, who used to live in Elizabeth, and his Fenichel. partner first moved to K. Hovnanian’s newest K. Hovnanian was first established in 1959 developments in Jersey City’s Society Hill by Kevork Hovnanian, and the company’s first before settling into the Jacob and Bulls Ferry homes were priced at $11,990. communities along the Edgewater waterfront The company, which is still family operated about eight years ago when development first although publicly traded, now employs about began. 5,100 associates, with home sales running Since then they have bought and sold several from as low as $400,000 to as high as $3 mil- of the K. Hovnanian properties that have risen lion. up along the Hudson River, and are now settled For more information on K. Hovnanian in Harbor Place with all the comforts of subur- homes, call 888-KHOV-HOME, or ban living in an urban setting. visit www.khov.com and “I love the water and I get into midtown quite www.khov.metroliving.com. K a bit, but I’m a country kid at heart and I’m not ready to go to the concrete jungle,” said Hynds. “Yet in 10 minutes I’m in mid- town; you can’t beat that.” More for your money The Views at Hudson Pointe, which VIEW FROM UP TOP – Pictured is K. Hovnanian’s model of what the North Hudson is one of K. Hovnanian’s newest com- River Waterfront will look like in the following years, which include completed proj- munities nearing completion in North ects, some under construction and other yet to come, stretching from Edgewater to Bergen, offers no less than two-bedroom con- Weehawken. dominiums from 1,223 square feet and above.
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