The James Monroe

The James Monroe
Map
General information
TypeResidential
Location45 River Drive South, Jersey City, New Jersey, 07310, United States
Coordinates40°43′42″N 74°02′01″W / 40.7283°N 74.0335°W / 40.7283; -74.0335
Completed1989
Height
Roof312 ft (95 m)
Technical details
Floor count34
Lifts/elevators4
Design and construction
Developer
  • Lefrak *Queenstogether *Melvin Simon & Associates *Glimcher Company
Main contractorLeFrak
References
[1]

The James Monroe (named after James Monroe) is a 312-foot-tall (95-m) residential skyscraper in the Newport[2] neighborhood of Jersey City, New Jersey.[3] It was completed in 1989 and has 34 floors and stands at a height of 312 feet (95 meters). The 443-unit, 34-story residential condominium tower contains studio apartments, one and two bedroom units, and three bedroom duplexes.[4][5] It was developed by the Lefrak Organization of Rego Park, Queens together with Melvin Simon & Associates of Indianapolis and the Glimcher Company of Columbus, Ohio.[4]

History

Developer Samuel J. LeFrak first inspected the building site, with views of the Manhattan skyline, rail connections, and proximity to the city, in 1983.[6][7] Construction on the Monroe began in 1986 and the building was completed in 1989.[7] The proximity to Manhattan attracted immediate attention from New Yorkers.[8] It opened in 1989, just before a real estate recession hit that lasted until 1995.[7] The company missed and had to renegotiate a mortgage payment in 1991.[7]

The James Monroe was built relatively early in the transformation of the largely abandoned, post-industrial waterfront of "old factories and rotting rail yards" that made up the Jersey City waterfront in the 1980s and 90s into an upscale, residential neighborhood.[4] The building is part of a larger building boom in Jersey City's decayed railroad and warehouse waterfront district which is being redeveloped with large towers such as the James Monroe.[9][10] It has since attracted international buyers.[11]

See also

References

  1. ^ "The James Monroe, Jersey City | 121611 | EMPORIS". Emporis. Archived from the original on December 9, 2017.
  2. ^ "The James Madison". The Skyscraper Center. Retrieved 28 June 2019.
  3. ^ LLC, New York Media (March 28, 1988). "New York Magazine". New York Media, LLC – via Google Books.
  4. ^ a b c Gabarine, Rachelle (8 March 1991). "Housing in Jersey City; Condo Tower Rises Along the Hudson". The New York Times. Retrieved 20 June 2019.
  5. ^ Prior, James (1 November 2001). "The Gold Coast construction Continues on the Waterfront". New Jersey Business. 47 (1): 22.
  6. ^ Clark, Amy Sara (19 November 2010). "Japanese developers tour Jersey City's Newport as example of transit-oriented smart growth". NJ.com. Retrieved 5 July 2019.
  7. ^ a b c d Hevesi, Dennis (13 September 1998). "At Newport, new apartments and offices are rising.: On the Hudson Shore, a City Within Jersey City". New York Times.
  8. ^ Shaman, Diana (22 July 1988). "About Real Estate; Towers Next at Jersey City Complex - The New Jersey City Complex". The New York Times. Retrieved 24 June 2019.
  9. ^ Cotter, Robert; Wenger, Jeff (2015). "Jersey City on the Rise" (PDF). Council on Tall Buildings and Urban Habitat. {{cite journal}}: Cite journal requires |journal= (help) quoted in Horsley, infra.
  10. ^ Horsley, Carter (May 3, 2016). "Skyline Wars: New Jersey's Waterfront Transforms With a Tall Tower Boom". 6sqft. Retrieved June 24, 2019.
  11. ^ Searcey, Dionne (1 October 2014). "Indians Join the Wave of Investors in Condos and Homes in the U.S." The New York Times. Retrieved 26 June 2019.