Move-Ins Commence At The Ellipse In Newport

9/7/17

LeFrak’s Newest Luxury Rental Tower in Newport, New Jersey, Nearly 60% Leased, Now Available for Immediate Occupancy

LeFrak today announces the first move-ins have begun at Ellipse, a 42-storyluxury rental tower in Jersey City’s thriving Newport community. LeFrak has been developing the Newport neighborhood for more than 30 years, and Ellipse is the company’s premier project, signifying the momentum of the location. Since launching leasing in April the response has been swift, with the building nearly60% leased.

“We arethrilled to welcome the first residents to Ellipse,” said Richard Wernick, Executive Leasing Director at LeFrak. “The community's enthusiastic response to the building has been very encouraging, and we’re excitedfor our tenants to experience these incredible residences with one of a kind views.”

Ellipse’s distinct oval shape and glass façade were designed by Arquitectonica, theinternationally acclaimed architecture firm. Ideally situated on the Hudson River waterfront, the building stands apart from its contemporaries and allows for unobstructed, breathtaking views of the Manhattan skyline and Hudson River, from every residence.

The 381 luxurious residences, range from spacious studios to three-bedroom homes, as well as five distinctive penthouse apartments, including two unique four-bedroom homes. The well-appointed waterfront residences feature floor-to-ceiling windows with amazing water and city views, oak plank hardwood floors, high-end stainless steel appliances, quartz countertops, in-unit washer/dryers, multi-room climate control, and abundant closet space with select apartments featuring walk-ins.

Ellipse offers an extensive amenity and service package, designed to cater to every need. The 24,000 square feet of amenity space begins in the striking two-level lobby, attended to by a 24-hour doorman. Residents who work from home will benefit from the co-working space, while those looking to relax and socialize can enjoy the multipurpose lounge and game room. Fitness never felt so good with a state-of-the-art gym boasting sweeping views of the Manhattan skyline. Kids are also catered to at Ellipse, which offers a fully equipped children’s playroom.A premier amenity at Ellipse will be the expansive outdoor pool and terrace with a barbecue area and fire pit situated above the adjacent parking garage.

Residents of Ellipse enjoy access to everything its sought-after location has to offer including Newport Green, a 4.25-acre park that features the only urban beach on the Hudson River in addition to a 17,000-square-foot playground, 30,000-square-foot turf field, and a boardwalk; the Hudson River Waterfront Walkway providing direct pedestrian access to Hoboken; a variety of restaurants from upscale to casual dining options; the Newport Centre Mall and Newport River Market, as well as the convenient Newport PATH station allowing for a quick and easy commute to Manhattan and Hoboken 24/7.

The Ellipse leasing office is located within the building at25 Park Lane Southand LeFrak is handling leasing in-house. Prices start at $2,600/month for studios. For more information, please call (844) 773-0405 or visit www.ellipsejc.com.

About LeFrak

LeFrak is a preeminent, family-owned property company committed to community development and long term ownership. LeFrak affiliates own and manage an extensive portfolio of real property concentrated in the New York/New Jersey metropolitan area, as well as South Florida, Los Angeles and throughout the West Coast. Through its affiliated companies, LeFrak has developed and built the majority of its real estate portfolio and is one of the world’s leading property firms. The firm is acclaimed around the globe for the quality of its projects and its properties, its financial strength and conservatism, its entrepreneurial business model and its commitment to long-term ownership. Although primarily focused on the residential and office sectors, LeFrak affiliates also invest in numerous hospitality, retail assets, securities, private businesses and energy. www.lefrak.com

About Newport, NJ

Newport, located on the Hudson River in Jersey City, NJ, is the largest mixed-use waterfront community inthe United States. Minutes from Manhattan via the PATH, bus or car, Newport is currently home to morethan 15,000 residents across 15 high-rise luxury rental buildings and three condominium towers. There are alsoeight state-of-the-art Class A office towers, providing over six million square feet of office space to more than 20,000 professionals.

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