Crystal Point In Downtown Jersey City Records More Than 30 Sales In Just Three Months

The 42-story waterfront condominium building has separated itself from the competition with more than 80% of its 269 upscale homes already sold. End Quote

Jersey City, NJ (1888PressRelease) April 09, 2011 - Crystal Point in downtown Jersey City has unquestionably cemented its place atop the Hudson County real estate marketplace with more than 30 sales in just the first three months of 2011.

The 42-story waterfront condominium building has separated itself from the competition with more than 80% of its 269 upscale homes already sold, according to Fisher Development Associates, which is developing Crystal Point directly on the banks of the Hudson River with majestic and unobstructed views of the New York City skyline.

"Crystal Point is in the midst of one of the most notable sales programs in recent memory," says Brian Fisher, principal of Fisher Development Associates. "Buyer interest has continued to build since we introduced this building, culminating in one of the most successful sales periods on record and it's not over yet.

"We fully expect the first quarter of 2011 to be our most noteworthy with more and more prospects realizing the opportunity to benefit from the unrivaled value created by our competitive pricing, magnificent waterfront location and resort-style living environment is quickly dwindling and are acting to purchase before it's too late."

A new professionally designed one-bedroom condominium has debuted at Crystal Point which 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. Available one-, two-and three bedroom homes are priced from the upper $500,000s and range from 800 to 1,586 square-feet and offer an array of premium finishes.

Residents also benefit from free on-site parking. Homes are made even more attractive thanks to a 30-year tax abatement that has been granted to the building.

"Floor-to-ceiling windows drench the homes in natural light and many of the residences offer riverfront balconies," notes Adrienne Albert, CEO of The Marketing Directors, Inc., the building's marketing and exclusive sales agent.

"Kitchens boast 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. Each residence also has SMART home technology capabilities and a full-sized washer and dryer."

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 Ms. Albert. "The building also offers a professional concierge, valet parking and soon a lobby level restaurant."

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."

The award-winning Crystal Point building has been
recognized as the ULI-NNJ's 2010 "Project of the Year" and last year received the Gold Award for "Community of the Year" from the National Association of Home Builders.

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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