We have an exceptional conversion rate, meaning once prospective residents visit the building, more often than not they decide to move here
Newark, NJ (PRWEB) May 12, 2008
An impressive 30 luxury rental residences have been leased in the past 30 days at Eleven80, the Art Deco residential landmark in downtown Newark, NJ.
More than 230 residences have been leased at Eleven80, with some 320 people already residing in the building, according to Cogswell Realty Group, which completely renovated the former office building at 1180 Raymond Boulevard into 317 upscale rental homes and an elaborate amenity offering rivaling those found in luxury Manhattan buildings.
The surge in leasing activity underscores the luxury rental building's growing appeal among young working professionals who are attracted to Eleven80's expansive residences, exceptional amenities and services, tremendous value and convenient location to Newark Penn Station. In fact, nearly 80% of Eleven80's residents commute to Manhattan -- just a 15-minute train ride via the PATH.
"We have an exceptional conversion rate, meaning once prospective residents visit the building, more often than not they decide to move here," notes Cogswell CEO Arthur Stern.
Soaring 35 stories into the downtown Newark skyline, Eleven80 offers spectacular views of the Manhattan skyline and Military Park, as well as incomparable charm stemming from the original marble walls, terrazzo flooring and brass elevator doors being restored to their former splendor.
Residents also appreciate Eleven80's Manhattan-style amenities and services which include a private 8,000 square-foot health club with men's and women's locker rooms, steam room and sauna; a four-lane bowling alley with overhead scoring, an indoor half-court basketball court, a multi-media room with a flat screen TV, Playstation™ and X-Box 360®; a social lounge with a flat screen TV and billiards table; a Pilates studio and a conference center.
Convenient concierge service, Valet parking, a 24-hour attended lobby and complimentary shuttle service to the University District, Newark International Airport and Penn Station round out the unique lifestyle afforded residents.
Eleven80's residences offer from 598 to 1,401 square feet of living space, with monthly rents ranging from $1,615 for one-bedroom homes and from $2,425 for two-bedroom layouts.
"Residences feature expansive glass windows, gourmet kitchens with General Electric stainless steel appliances, black absolute granite countertops, recessed paneled cabinetry, gray porcelain tile flooring, and marble bathrooms with Crema Marfil vanity tops," notes Jackie Urgo, President of The Marketing Directors, Inc., Eleven80's marketing and exclusive leasing agent. "The homes also boast hardwood floors in the living areas, carpeted bedrooms, open kitchens, spacious walk-in closets and a washer and dryer, among other premium comforts."
For more information on Eleven80, call the Leasing Center at 973-824-1180, located directly across from Eleven80 at 12 Commerce Street, or access its website at http://www.eleven80rentals.com.