QUARTER OF HOMES PRE-SOLD IN THREE MONTHS
JERSEY CITY, NJ, OCTOBER 10, 2006 — Pinnacle Downtown is pleased to announce that one quarter of the homes at Mandalay on the Hudson in Jersey City have been pre-sold, achieving Pinnacle’s initial sales goal in just three months. Closings for the units will begin at the end of October, with residents able to move in soon after.
“We are really excited about the amount of traffic in the sales office,” said Mary Boorman, Senior Vice President of Marketing and Strategic Planning. “When potential buyers see the location—its river edge setting, incredible views, fantastic values, the short commute to Manhattan by train, ferry, or car…and the level of luxury of the homes and amenities, they are won over. In addition, we have homes that are ready for almost immediate occupancy—there are no long waits for the building to be constructed.”
Mandalay on the Hudson’s 25-story tower houses 269 units directly on the Hudson River’s western bank. One, two, and three-bedroom homes are being offered at prices starting in the low $400,000s. Two-bedroom homes with phenomenal views of Manhattan and the river can be purchased from the low $700,000 price range and one-bedroom homes in similar locations start in the low $500,000’s. These incredible values for world-class view locations are driving purchasers to Mandalay rather than the competition, which is either priced higher or in a less desirable location. All of the homes have opulent design features including hardwood floors in the living room, dining area, and kitchen. A kitchen and bathroom upgrade package, which includes stainless steel appliances, European-style cabinetry, and granite countertops, is available.
New Yorkers have been especially interested in Mandalay because it provides more affordable luxury with easy access to Manhattan. Stations for the PATH train are within a block and two ferries are equally close, offering an alternate route. New Jersey Transit’s Hudson-Bergen Light Rail station lies at Mandalay’s doorstep, offering train service to Hoboken, Bayonne, and other cities along New Jersey’s vibrant Gold Coast.
In addition to Mandalay’s easy access to mass transportation, the purchase price includes a garage parking space. New Jersey’s highways are a short distance from the property and Liberty International Airport in Newark is 20 minutes away.
Jersey City’s dramatically revitalized downtown, complete with trendy restaurants and clubs, is only three blocks away. The nearby Newport Centre Mall offers 140 businesses and stores.
Mandalay’s heated outdoor pool on the Hudson waterfront is surrounded by gardens, picnic, and barbecue areas and set against a backdrop of the stunning Manhattan skyline. The pool is accessible from the Resident’s Club, which is perfect for special events or smaller gatherings to watch sports on the plasma screen in front of the fireplace. Another popular feature is the convenience of a 24-hour concierge and valet service for dry cleaning and repairs. Residents also have access to a fully equipped fitness and exercise area. There is an outdoor playground for children and a boardwalk that runs along the riverfront, which surrounds the perimeter of the community and is ideal for walkers and joggers alike.
For more information, visit the new sales center at 20 Second St., Jersey City; call a sales representative at (866) OWN MANDALAY; or visit the website at www.MandalayOnTheHudson.com. The sales office is open from 10:00 a.m. to 5:00 p.m. during the week and 11:00 a.m. to 5:00 p.m. on weekends. Customers should ask about our exciting mortgage program.
The Pinnacle Companies, which includes Pinnacle Communities, Pinnacle Custom and Pinnacle Downtown, is among the most respected real estate development and investment companies in the industry. Pinnacle has recently completed an Extreme Makeover for ABC television in the town of Bergenfield, which aired as the pre-season premiere this fall. The award-winning company has built an enviable reputation in the sale and rental of luxury, active adult and custom housing, as well as the office, retail, and mixed-use markets. Since the company’s founding in 1984, Pinnacle has built in excess of 3,000 luxury attached and detached homes as well as several million square feet of commercial space. Pinnacle’s innovative approach to development and creative problem-solving abilities are qualities that continually position Pinnacle as “what’s next” in the real estate market.
©2008 All rights reserved. Pinnacle Tower Urban Renewal LLC. Pursuant to N.J.A.C. 5:26-10.3, the purpose of this advertisement is to solicit non-binding reservations. The non-binding reservation is not a contract and may be cancelled by the prospective purchaser at any time without cause, and in the event of cancellation the prospective purchaser shall receive a full refund of the deposit from the developer. All features and amenities are subject to change without notice.