Vermella West Clubhouse, Kearny, NJ
Kearny, NJ—Kearny's dramatic transformation from factory town to popular urban dwelling place continues with the opening of 280 units at Vermella West, the first phase of Russo Development's 548-unit apartment community along the Passaic River. Construction began during summer 2017 and occupancy began in early October.
Russo has also acquired the former “Bat Factory” property, a six-acre site that has been vacant for more than 30 years since a fire destroyed the former manufacturing facility in the late 1980s.
The site will be redeveloped with 268 apartments in the second phase of Vermella West, with construction planned to commence in the Spring 2019 and finish in late 2020.
“The properties on Passaic Avenue where Vermella West is being developed were vacant eyesores for many years, and Russo has been transforming them into better ratables that will bring residents, shoppers and businesses to Kearny,” says Mayor Alberto Santos. “Russo has worked with Kearny to ensure responsible redevelopment and has been a great partner towards improving our Town and helping us address the infrastructure that serves it. The Vermella properties appeal to long-time Kearny residents looking to downsize and younger ones wanting to start their independent lives without leaving the community they love, as well as newcomers to the broader region in search of an upscale lifestyle that's near work or school.”
Vermella West residents will enjoy convenient access to nearby shopping, numerous services including free shuttles to the Harrison Path Station, and various onsite amenities including a club room, state of the art fitness center, resort style pool, canine country club, and river walk along the Passaic River. Many retailers and amenities are within walking distance including LA Fitness, Shop-Rite, BJ's, Chipotle, Starbucks, and other food/restaurant uses.
A long-time commercial property owner in Kearny, Russo opened the final phase of Vermella Crossing, a 230-unit apartment project at the intersection of Schuyler and Bergen Avenues, in May 2018, and quickly achieved full occupancy.
“Kearny was poised for a residential resurgence due to its vibrant new retail and commercial developments—and the energy in nearby cities like Newark and Harrison,” says Ed Russo, CEO of Russo Development. “Kearny also is an ideal location for our Vermella brand, which pioneers unexpected but compelling locations where it can provide inspired life-style driven housing with exceptional value.”
Vermella West features unique quartz countertops that accent its stainless steel, energy-efficient appliances, in-home washer and dryer, and stylish, spacious living spaces with hardwood floors and pendant lighting. Its amenities package is highlighted by an 8,800 square foot club house that features a fully-equipped fitness center open 24/7 with free weights, weight machines and cardio equipment, mail and package area, and two elegantly appointed event spaces that can be reserved for private events.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
