JERSEY CITY, NJ — Point Capital Development and Fields Construction Company announced that construction is complete at The Baker Building at 234 Suydam Ave., a new community of 83 apartments in the Lafayette neighborhood of Jersey City.
Fields, one of the most active and well-regarded construction management companies in the region, oversaw construction of the project, which Point Capital developed in response to the demand among young professionals and longtime Jersey City residents for high-quality rental residences in the historic neighborhood of Lafayette.
A ribbon-cutting ceremony attended by a number of city officials, including Mayor Steven Fulop was recently held for the five-story complex, which is situated 1500 feet from the Liberty State Park light rail station, and features various amenities, including a roof deck, courtyard, dog run, parking, a lounge and fitness center.
“Lafayette is one of Jersey City’s great residential areas in terms of both pricing and location, and that’s what led us to develop The Baker Building — the neighborhood’s most significant residential development in many years,” said John Fio Rito, founder and principal of Point Capital Development. “The beautifully designed residences and amenity spaces that Fields Construction brought to life, combined with the pricing and proximity to mass transit and Downtown Jersey City and Manhattan, has resulted in a value proposition that’s second to none.”
Designed by C+C Architecture and with Urban Design Workshop as the architect of record for construction, the building features a diverse selection of fourteen floor plans, some units with private outdoor space and most with unobstructed views of the Statue of Liberty. Unit flooring varies from traditional engineered hardwood or polished concrete for a more modern feel. Kitchens are outfitted with modern high-gloss white cabinets, gray quartz countertops and stainless steel appliances. Also integrated are technologies to make residents’ lives easier, such as USB outlets in the kitchens, keyless door fobs and a video intercom system controlled via smartphone.
The new complex takes its name from the Baker Paint and Varnish Company, a manufacturing facility that stood at the site for more than 100 years. It was eventually demolished to make way for construction of the apartment building.
“We’ve been extremely active in building multifamily throughout Jersey City, Hoboken and the rest of the Gold Coast, and I can confidently say that The Baker Building is comparable to most newly constructed buildings in terms of quality and amenities,” said Jim Caulfield, principal of Fields Construction. “We’re attracted to emerging cities and neighborhoods, so we’re excited to establish a successful track record in Bergen-Lafayette. I think the The Baker Building will be an impetus for attracting new restaurants, shops, and other amenities to the neighborhood, and we’re happy to be a part of that.”
In addition to various projects along New Jersey’s Gold Coast, Fields Construction is currently providing third-party construction management services for high-profile projects in the cities of Asbury Park and Harrison.