FIELDS GRADE AND ALPINE RESIDENTIAL CELEBRATE TOPPING OUT OF 270 JOHNSTON AVENUE IN JERSEY CITY’S BERGEN-LAFAYETTE
24-Story Building Constructed by KL Masters Reaches 262-Foot Peak
JERSEY CITY, NJ, January 13, 2023 – Fields Grade and Alpine Residential have announced the topping out of 270 Johnston Avenue at 262 feet, providing visual context for what will be the tallest building in Jersey City’s revitalizing Bergen-Lafayette neighborhood.
Development officials joined a team of tradespeople from KL Masters Construction Company to celebrate the building reaching its full 24-story height, marking a significant milestone toward the project’s completion in early 2024.
When fully constructed, 270 Johnston will comprise 169 residential units, roughly 9,000 sf of street-level and 2nd-floor retail space, and indoor/outdoor amenities including an impressive, panoramic rooftop deck. The well-appointed residences will feature studio-to-three-bedroom floorplans, with ten units designated as affordable.
The building is rising in a location near the 1,200-acre Liberty State Park and across from its light rail station.
“We envisioned 270 Johnston Avenue as a gateway building into Jersey City as it soars high above the NJ Turnpike extension and is highly visible to drivers entering the City,” said Robert J. Caulfield, a Partner with Fields Grade. “We’re excited to see that vision moving closer to a reality as we reach the full height of the building and recognize the collective efforts of our construction and design teams who have helped get us here.”
270 Johnson Avenue is the latest collaboration between Fields Grade and Alpine Residential who have teamed up for multiple mixed-use projects throughout Bergen-Lafayette. The new properties are all rising on former industrial and vacant sites concentrated around the light rail.
“We’re creating more residential and neighborhood retail, not replacing what’s existing,” said Alpine Residential Managing Partner Bill Rosato of the partnership’s commitment to the community, which already includes several completed residential buildings, with more in the pipeline. “270 Johnston is a key part of a series of developments that are helping to enhance the urban lifestyle afforded to residents in this neighborhood. We’re excited to be a part of the growth of Bergen-Lafayette and look forward to continued investment in the community.”
Designed by Hoboken-based MHS Architecture, with interiors from GRT Architecture, 270 Johnston will serve as a new landmark that will amplify Jersey City’s growing skyline west of the waterfront. The building’s design draws inspiration from the post-industrial roots of the burgeoning Bergen-Lafayette neighborhood while also engaging with the Jersey City waterfront and the New York City skyline. The building’s east facade is pulled back featuring an open grillwork of residential balconies with magnificent views. At grade, the building transitions from the scale and rhythm of the adjacent two-story masonry townhomes to 24 stories.
A comprehensive offering of amenities and social spaces will include 24-hour concierge, state-of-the-art fitness center with Cross-Fit equipment and a package room. The 24th-floor amenity level will feature an indoor resident lounge, communal kitchen, co-working spaces, and a gaming room, while the outdoor landscaped deck will offer a plunge pool, grilling stations and dining areas.
Lying just west of Downtown Jersey City, Bergen-Lafayette continues to attract substantial investment and interest from developers as the once heavily-industrial neighborhood transitions to residential and mixed-use. City-backed infrastructure improvements including the $13 million extension of Jersey Avenue for pedestrians, bicyclists and vehicular traffic have created better connections to downtown, while existing light rail service links the neighborhood to PATH trains and ferry terminals and ultimately, Manhattan. Meanwhile, new retail is beginning to blossom on and beyond the existing Communipaw Avenue commercial corridor.
For outdoor recreation, Liberty State Park offers a green oasis in the middle of the metropolis with more than 1,200 acres of open space, a two-mile waterfront promenade, an outdoor performance area, and a restaurant with sweeping views of the Hudson River, Manhattan skyline and Statue of Liberty. The park also offers a full-service marina, ferry service to Manhattan, charter boat excursions and maritime sightseeing tours. Also anchoring the neighborhood is the Liberty Science Center with its ever-evolving interactive museum experience, and future SciTech Scity.
About Fields Grade
Fields Grade is a full-service real estate development company based in Jersey City, New Jersey, founded by Greg Russo and brothers James and Robert Caulfield. Greg Russo is a real estate development and finance veteran with extensive experience in the development of multifamily housing projects over the past 25 years. Greg has completed the development and financing of more than 8,000 units and $5 billion worth of projects in New York, New Jersey, and Connecticut.
James and Robert Caulfield, formerly of Fields Development Group, specialize in the entire spectrum of development and construction. Since Fields Development’s inception in 1999, the company grew to include an in-house construction division, Fields Construction Company, providing construction services to customers throughout the Tri-State area. Fields Grade fosters a cohesive and comprehensive approach for clients, with the ability to combine construction expertise with a developer mindset. www.fieldsgrade.com
About Alpine Residential
Alpine Residential is a venture comprised of Alpine Real Estate Group and Beachwold Residential, who are both headquartered in the same office in Manhattan, with the management offices in Dallas, Texas; New Haven, Connecticut; and Jacksonville, Florida.
The managing principals of Alpine Real Estate Group are Todd Schefler and William Rosato. Todd and Bill have developed over 2,000 residential units, over 500,000 SF of retail, over 900,000 SF of industrial and office, significant parks and open space: in excess of $2.0 billion in development over the last 30 years for large institutions including Tarragon (NASDAQ), Lennar (NYSE) and Catellus (NYSE)/TPG, and for their own account more recently.
The managing principal of Beachwold is Gideon Friedman. Beachwold has built, owned, and managed multifamily properties for over 40 years, and controls 66 properties and 15,000 multi-family units in Connecticut, Texas, Florida, Georgia, Virginia, New Jersey, and Tennessee. Beachwold has a balance sheet with over $3 billion in assets.
The principals in Alpine Real Estate Group and Beachwold have been working together, in different capacities, for over 20 years, since January 2000.
Alpine is currently developing over 3,000 multifamily units in New Jersey, New York, Connecticut, and Florida. www.alpine-re.com
About KL Masters Construction Company
K L Masters Construction Company (KLMCC) is a full-service general contractor providing expertise to meet the needs of clients and developers throughout the Tri-state region. KLMCC is a family-led business that evolved from Fields Construction/ Development with a highly skilled leadership team.
With over 20 years of construction experience, the team has successfully delivered more than 40 projects, consisting of 5,000 units in Hudson County, NJ, and nearly 7,000 units in the Tri-state area. The strong foundation created by Fields Construction includes dedication to client relationships and reliability to complete successful projects on time and within budget.
KLMCC continues the Fields reputation for quality execution and operation in the industry and has become the preferred contractor for Fields-Grade Development. KLMCC provides the skills and expertise needed to navigate challenging urban construction projects, meeting their clients’ vision for project completion. www.klmasters.com