CRYSTAL POINT IN JERSEY CITY FIRST STOP FOR ULI-NNJ INDUSTRY EVENT TOURS OF AWARD WINNING BUILDINGS

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42-Story Waterfront Condominium Building Received 2010 ‘Project of the Year’ Award From Urban Land Institute of Northern NJ

JERSEY CITY, N.J. – February 4, 2011 – (RealEstateRama) — A group of real estate professionals and experts from the Urban Land Institute-Northern New Jersey (ULI-NNJ) were treated to a “behind the scenes” tour of Crystal Point, winner of the organization’s 2010 “Project of the Year” award, when it hosted its first networking session/advisory board meeting at the Jersey City condominium hi-rise.

Attendees of ULI-NNJ “Power of an Acre” event received a guided tour of the 42-story waterfront building, which started with a presentation from the development, architectural and sales and marketing team discussing the intricacies involved in the realization of this massive project, including cooperation between the public and private sectors, financing, planning, design and construction.

“We decided it would be an interesting endeavor to couple an award-winning project tour with a networking session/advisory board meeting to kick off 2011,” says Mara Winokur, Manager ULI-NNJ.  “Since Crystal Point was named Project of the Year 2010, we thought it would be the perfect venue to showcase the building. We find that our membership really enjoys the ‘behind the scenes’ type of events that illustrate how deals get done.”

“It’s an honor to be recognized by our industry peers and we’re pleased to open our doors and provide them an up close look at how Crystal Point has been constructed responsibly, to meet the City’s guidelines for the continued redevelopment of its downtown urban waterfront and keep the needs of the community-at-large in mind,” adds Brian Fisher, a principal of Fisher Development Associates, developer of Crystal Point.

The Crystal Point building takes upscale riverfront living on the Hudson River to the next level by providing forever New York City views and a myriad of five-star recreational and social amenities to create a hotel-inspired living environment. Prices for the one, two and three-bedroom residences start in the high-$500,000s.

Created by the renowned New York City architectural firm Gruzen Samton LLP, the distinctive design of the landmark Crystal Point building maximizes its unrivaled waterfront location and creates homes with modern, open and furnishable living areas.

“Unlike many high-rise developments which often seem cavernous with long hallways, we split the Crystal Point plan in half with elevators positioned in the middle of the residential floors to create short corridors and provide the building a very intimate feel,” says Jordan Gruzen (FAIA) of Gruzen Samton.  “We utilized multiple façade planes to break the building‘s mass up and ensure that every home had magnificent views.  Each condominium was designed so from the moment the front door of each home is opened one is aware of the views and the light emanating from the water.

“The layouts of the homes themselves often create large square rooms and sprawling living spaces that are open, airy and extremely functional.”

Crystal Point’s superb amenities include the Crystal Spa with a thermal bath, sauna, steam and treatment rooms.  Residents will also enjoy a yoga/aerobics room, state-of-the-art fitness center, lounge with flat screen televisions, game room with billiard and poker tables, children’s play room and a screening room within the Crystal Club.

“An outdoor deck overlooking the Hudson River features a sparkling pool, giant hot tub, private cabanas and lounge chair seating, as well as two BBQs and dining area, fire pit and a children’s play area,” says Adrienne Albert, CEO of The Marketing Directors, Inc., the building’s marketing and exclusive sales agent.  “The building also offers a professional concierge, valet parking and soon a lobby level restaurant.”

Crystal Point features a crystalline-style glass exterior and has been designed to maximize the building’s waterfront setting and views of the ever changing Manhattan skyline.   Inside, one-, two-and three bedroom homes range from 800 to 1,817 square-feet and offer an array of premium finishes.  Interior features include kitchens with Italian Pedini wood and glass cabinetry, sparkling quartzite counters, under-cabinet task lighting, full height pantries, islands with breakfast bars and a full Jenn-Air appliance suite. Residents also benefit from free on-site parking.

Homes at Crystal Point are made even more attractive thanks to a one-of-a-kind, 30-year tax abatement that has been granted to the building which combined with very low common charges make Crystal Point even more attractive to buyers.

Crystal Point is conveniently located between the Paulus Hook and Newport sections of Jersey City and steps from PATH trains at both Exchange Place and Newport with direct access into New York City and a Light Rail station.

For additional information on Crystal Point, please call 201-433-7778 or visit www.crystalpointcondos.com.

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