![]() ![]() Inside, contemporary and cutting-edge floorplans range from 974 to 2,345 square feet of living space. Located at 511 Madison Street, Satori Lofts’ striking exterior design features a glass façade with modern accents and details. “Buyers will also embrace our location in an area long celebrated for its urban sophistication and downtown neighborhood charm characterized by eclectic restaurants, boutique shops, diverse nightlife attractions, convenient mass transportation options and numerous parks and public spaces.” “Large, airy and open floorplans with huge floor-to-ceiling windows and soaring 9-to-14-foot ceilings will create dramatic living spaces that are bathed in natural light. “Simply put, this architecturally-distinctive building will bring a new level of construction and design distinction to Hoboken that promises to exceed consumer expectations,” says Mr. Situated close to Washington Street in this bustling Hudson River “Gold Coast” city, Satori Lofts represents an opportunity unlike any offered in Hoboken to date, states Mario Fini, President of Hoboken-based Maridian Properties. Open Houses will start on May 9th from 1 p.m. Initial occupancy is scheduled for summer, 2009. Sales for the intimate collection of just 12 one-, two-, and three-bedroom homes are expected to begin shortly, with prices ranging from $499,000 to $1.3 million. Satori Lofts, a cutting-edge five-story building, is destined to stand out from the competition with its sleek and expansive floorplans, upscale finishes and appointments that rival Manhattan’s most recognizable high-rise residences, and value-driven prices. – In a mile-square City known for its sought-after urban-inspired lifestyle, Maridian Properties is set to introduce a new residential address that will considerably raise the bar for luxury condominium living in Hudson County’s historic Hoboken. Our ability to execute on BSR’s plan to increase shareholder value has been on full display during the fourth quarter,” Bailey added.īSR has been disposing of older apartment units in its portfolio in the fourth quarter of 2020.Satori Lofts is a cutting-edge five-story building featuring sleek and expansive floorplans and upscale finishes and appointments in Hoboken, NJ. We are now using our strong liquidity position to invest in Vale and Satori Frisco, modern communities in core growth markets with the amenities our residents desire. “BSR recently exited the smaller Beaumont and Longview, Texas markets and also sold noncore properties in other markets. “The purchase of Vale and Satori Frisco is a clear example of our portfolio enhancement growth strategy and capital recycling program at work,” stated John Bailey, BSR’s Chief Executive Officer. Satori Frisco is currently 91.5% leased and is expected to be immediately accretive to BSR’s adjusted funds from operations on a per unit basis. Its features include attached direct access garages, a resort-style swimming pool, two story fitness center, car care center, dog park, granite countertops and a private access gate. Satori Frisco is a garden-style community consisting of 330 apartment units constructed in late 2019. Vale is already 55.1% leased and is expected to be accretive to BSR’s adjusted funds from operations on a per unit basis as lease-up continues. The community includes multiple amenities including a resort-style swimming pool, drive-through mail kiosk, fitness center, dog park, car care center and direct garage/ground floor entry for every apartment unit. Vale is a newly constructed garden-style community consisting of 350 apartment units and is currently in the lease-up phase. 16) it has acquired Vale Luxury Apartments in the Houston, Texas metropolitan statistical area and Satori Frisco Apartments in the Dallas, Texas MSA for a total of $129 million. BSR Real Estate Investment Trust announced Tuesday (Dec.
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