Cleveland-based The NRP Group, in partnership with G&S Investors and Rockwood Capital, has opened Oliver on the Hudson, a luxury multifamily community in Jersey City, New Jersey. The 401-unit development is in the Port Liberté neighborhood, which is just steps from the Hudson River and minutes from the ferry terminal for an easy commute to Manhattan.
Northern New Jersey has been a hot spot for renter demand. Over the past five years, rents increased $691 to $2,682, up 34.5%, according to Yardi Matrix’s National Multifamily Housing Report in July.
“It is no secret that Jersey City has arrived as the premier regional destination for renters seeking luxury, connectivity, and lifestyle. We are proud to be a part of Jersey City’s story by delivering this vibrant waterfront community near public transit to working professionals and families in Port Liberté,” said Jonathan Gertman, senior vice president of development at The NRP Group. “Oliver on the Hudson delivers thoughtfully curated amenities and seamless access to the waterfront and Manhattan. Oliver reflects the future of urban living in one of the region’s most dynamic markets.”
Courtesy The NRP Group
The apartments feature studio to three-bedroom floor plans, many with private balconies and skyline views. Interiors include fully equipped kitchens with stainless steel appliances, graphite fixtures, polished quartz countertops, porcelain tile backsplashes, and flat-panel cabinetry. All units also include full-size washers and dryers.
Residents have access to a wealth of amenities, including a hotel-inspired pool with a cabana house; a fifth-floor sky lounge with an outdoor terrace; and a pet spa and dog park. The clubhouse is the anchor of the indoor amenity space, with a multilevel fitness center, mezzanine yoga and cardio studios, coworking spaces, a catering kitchen, and an interactive activity zone.
Courtesy The NRP Group
“Oliver on the Hudson presented an opportunity to meaningfully contribute to one of the region’s most dynamic residential corridors,” added Abe Naparstek, partner at G&S Investors. “We leveraged our expertise to integrate top-tier design and exceptional resident experience into a vibrant transit-oriented community. From site selection through lease-up, the community reflects both the character of Port Liberté and the expectations of today’s renters.”
Partners on the development include KTGY as lead architect and Bergmeyer as interior designer. Financing includes senior construction loans from Citizens and Fifth Third Bank as well as joint-venture equity from Rockwood Capital.
