FIRST RESIDENTS ARRIVE AT THE DEVAN LUXURY RENTAL DELIVERING A DYNAMIC NEW LIFESTYLE TO JERSEY CITY’S HOBOKEN BORDER

JERSEY CITY, NJ August, 2024 – The Devan has officially announced itself as the premier high-end rental property on Jersey City’s Hoboken border with the arrival of the first residents at the striking eight-story building.

The initial renters have immediately begun to immerse themselves into a dynamic live/work/play lifestyle that’s been created by the building’s blend of oversized homes, robust amenity package and inspiring connection to two of northern New Jersey’s most dynamic urban centers.

Developed by Fields Grade and Ursa Development Group, The Devan offers a mix of 336 studio, one-, two-, and three-bedroom residences starting at net effective monthly rents from $2,816.  The sophisticated collection of homes is being offered with limited-time Grand Opening incentives that include one month free on a thirteen-month lease and two months free on a 26-month lease*.  *Terms Apply.

“The Devan offers a creative new take on the luxury rental experience with a focus on design and communal spaces that encourage social involvement and interaction,” said Rob Giannone, Director of Development for Fields Grade.    “With renters now moving in, the building has quickly come to life and a synergy between the homes, amenities and location is on full display.”

“The start of occupancy is an important milestone at The Devan and completes our vision of delivering a keystone rental building to Jersey City’s Hoboken border,” added Suzanne Sciarra of Ursa Development Group LLC.  “It’s exciting to see residents embrace this vibrant building and fully enjoy all of its offerings.”

The sophisticated and activity-rich lifestyle at The Devan is fueled by a host of amenities that includes active and passive courtyards on the building’s second floor, where a refreshing pool, sundeck, lounge seating, grilling areas, and fire pits provide the perfect setting for relaxation.  For elevated enjoyment, residents can enjoy a spectacular rooftop with additional lounge seating and grilling areas, as well as the Sky Lounge, which offers a demonstration kitchen, rentable private rooms and a terrace with views of the Manhattan skyline.

Inside, residents have access to a flexible media space, state-of-the-art fitness center with a dedicated yoga and meditation studio, recreation and poker room, playroom, and a dog run and wash area.  There’s also endless work-from-anywhere options including individual co-working and group conference spaces, and a community hub with a resident’s lounge, library and meeting spaces.

There’s also a hospitality-inspired covered driveway and drop-off area, a welcoming lobby with a 24/7 doorman, a package system by Position Imaging, a secondary lobby for pedestrian access to Hoboken, an enclosed parking garage with EV charging stations and bicycle areas, rentable scooters, and a Grab-N-Go Room offering home essentials and healthy treats from Tulu and Farmer's Fridge.

Designed by Minno + Wasko Architects and Planners, with interiors by Factioned, The Devan prioritizes comfort and functionality. The large-scale building is mirrored by generously sized apartments in comparison to the typical Hoboken or Jersey City building. The residences boast luxurious plank floors, kitchens with state-of-the-art Samsung appliances and Silestone countertops, in-home GE washer/dryer units, roller shades and modular closets. Select homes feature outdoor terraces.

Conveniently located at 3 New York Avenue, The Devan provides easy access to the Hudson-Bergen Light Rail, NJ Transit and the PATH -- with complimentary shuttle service to the Hoboken Terminal further streamlining commutes to New York City and neighboring Gold Coast towns. Additionally, residents can indulge in the rich cultural and culinary tapestry of Jersey City while also immersing themselves in Hoboken’s vibrant shopping, dining, and nightlife scene.

The Devan joins a vibrant neighborhood on the rise in a once industrial section of Jersey City, just west of the Holland Tunnel. Significant public and private investment has transformed the area with new residential, retail, and public space offerings. Residents also have easy access to popular bars and restaurants, including Low Fidelity, Bread and Salt, Corto, Northern Soul, and The Alps.

Located in close proximity to Southwest Park in Hoboken, which features outdoor recreational space, including open lawns and seating for concerts and events, as well as a one-acre dog park, the community offers an abundance of health and wellness options, including miles of cycling paths and nearby Pickleball and basketball courts, as well as easy access to CrossFit Hoboken. 

WestSide Realty Group serves as exclusive leasing agent for The Devan and Ironstate is operating as the property management company. 

For more information, please visit www.thedevan.com or call the leasing office at 201-890-3030.

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, the Company has developed more than 4.3M square feet with a total value exceeding $2.3B.  For more information on Fields Grade, visit  www.fieldsgrade.com

About Ursa Development Group LLC:
Ursa Development Group LLC develops luxury multifamily housing in urban areas, with a primary
focus on Hoboken and Jersey City. As designated developer in the Northwest quadrant of Hoboken,
Ursa Development has been involved in the construction of over 1,000 residential units, both market rate
and affordable. Ursa has also developed recreational spaces throughout Hoboken, including the construction of Hoboken’s only movie theater, which has since been converted to another community use. For more information on Ursa Development, visit www.ursadevelopmentgroup.com.

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