Diversified Properties begins construction on Jefferson Place
Jefferson, NJ — Diversified Properties, one of the region’s most experienced and active commercial real estate developers and owners, announced the start of the first phase of construction at Jefferson Place, a brand-new luxury multifamily community located on Hellers Lane in Jefferson. Phase one is scheduled for completion in the fall of 2024.
Jefferson Place’s first phase of development will include an elevator building with 32 one and two-bedroom apartments ranging in size from 855 to 1,216 s/f with built-in den spaces. The community’s amenity package will include private garages, an indoor fitness center, outdoor lounge and grilling areas, and individual storage units available for residents.
“Our multifamily investment philosophy has always been driven by a focus on finding underserved markets like western Morris County and leveraging our creativity to bring communities like Jefferson Place to life,” said Nick Minoia, founding and managing partner of Diversified Properties. “We are excited to celebrate this milestone as we begin the process of creating a space that residents can be proud to call home for years to come.”
In addition to Jefferson Place, Diversified Properties boasts a growing portfolio of tri-state area multifamily communities including Irondale at Wharton, a 60-unit community currently under construction in nearby Wharton, 30 Court, a 58-unit ultra-luxury multifamily building in Morristown, Summit Lane, a 188-unit luxury apartment community in Newburgh, NY, Summit Terrace, a 270-unit luxury apartment community in New Windsor, NY. and Summit Court in Union, NJ. where Diversified Properties recently announced the completion of the final phase of construction at the 393-unit luxury multifamily community.