East Rutherford, NJ — Diversified Properties and joint venture partner, North Jersey Builders Group, announces that 480 Flatz, a four-story, 35-unit luxury multifamily building located at 480 Paterson Ave. in East Rutherford has reached 100 percent lease up. Welcoming its first residents in March, 480 Flatz has seen consistent interest from residents looking for a new, modern living space in a highly walkable and convenient location.
Prior to the construction of 480 Flatz, 480 Paterson Ave. was a long-vacant parcel of land along one of East Rutherford’s main business corridors. Conveniently located between Rtes. 3, 17, and 21 and just a short ride from the Meadowlands Sports Complex featuring MetLife Stadium and the American Dream mega-mall, the property’s location and regional accessibility made it an ideal candidate for an ambitious repositioning. Leveraging substantial experience in driving value from similar sites, the executive leadership team at Diversified Properties, along with its project partner North Jersey Builders Group, sought to reimagine the site as a luxury multifamily building to tap into the robust demand in the NYC metro area.
Built around the highest standards of luxury apartment living, each of 480 Flatz’s 35 one, two and three-bedroom units feature designer kitchens outfitted with granite countertops and stainless-steel appliances as well as in-unit washers and dryers. Designed by Thomas J. Brennan Architects with engineering provided by MCB Engineering Associates and construction managed by Morris Construction Management, Diversified Properties’ affiliated construction management firm, 480 Flatz’s modern and well-appointed residential units are complemented by a contemporary exterior design.
Comments