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CRYSTAL POINT 60% SOLD ON JERSEY CITY'S HUDSON RIVER WATERFRONT

August 4 2010           

CRYSTAL POINT 60% SOLD ON JERSEY CITY'S
HUDSON RIVER WATERFRONT

                JERSEY CITY, N.J. – The traditionally slow summer sales period hasn’t deterred homebuyers at Crystal Point where an amazing success story continues to be written at the upscale condominium building located directly on Jersey City’s Hudson River waterfront.
                Steady sales activity has pushed the 42-story building to the 60% sold mark, reports its developer Fisher Development Associates.    The impressive milestone comes only 6 months after the first closing occurred, a significant achievement which defies the odds in today’s housing market.  More than 50% of Crystal Point’s 269 elegant condominium homes have been closed.   
                The iconic Crystal Point building takes upscale riverfront living on the Hudson River to the next level by providing forever New York City views and a myriad of five-star recreational and social amenities to create a hotel-inspired living environment. Prices for the one, two and three-bedroom residences range start in the mid-$500,000s.
                “Sales activity has been tremendous since we first opened our doors to the public,” notes Brian Fisher, a Fisher Development principal. “Surpassing the 60% sold mark so quickly is a strong testament to the quality, value and appeal of Crystal Point, as well as to the continuing trend of buyers who want to live in this metropolitan building that’s within minutes of Manhattan.
                “The dream of living in this dynamic setting has become reality for many of our buyers who are now living in their new home and the difference in the overall ambiance at Crystal Point is striking as the new homeowners enjoy the building’s incredible views and unrivaled amenities and features.”
                Crystal Point’s superb amenities include the Crystal Spa with a thermal bath, sauna, steam and treatment rooms.  Residents will also enjoy a yoga/aerobics room, state-of-the-art fitness center, lounge with flat screen televisions, game room with billiard and poker tables, children’s play room and a screening room within the Crystal Club.
                “An outdoor deck overlooking the Hudson River will feature a sparkling pool, giant hot tub, private cabanas and lounge chair seating, as well as two BBQs and dining area, fire pits and a children’s play area,” says Adrienne Albert, CEO of The Marketing Directors, Inc., the building’s marketing and exclusive sales agent.  “The building will also offer a professional concierge, valet parking and lobby level restaurant.” 
                Created by the renowned New York City architectural firm Gruzen Samton LLP, the distinctive design of the landmark Crystal Point building maximizes its unrivaled waterfront location and creates homes with modern, open and furnishable living areas.
                “Unlike many high-rise developments which often seem cavernous with long hallways, we split the Crystal Point plan in half with elevators positioned in the middle of the residential floors to create short corridors and provide the building a very intimate feel,” says Jordan Gruzen (FAIA) of Gruzen Samton.  “We utilized multiple façade planes to break the building‘s mass up and ensure that every home had magnificent views.  Each condominium was designed so from the moment the front door of each home is opened one is aware of the views and the light emanating from the water.  
                “The layouts of the homes themselves often create large square rooms and sprawling living spaces that are open, airy and extremely functional.”
                Earlier this year, Crystal Point received the prestigious Gold Award for “Community of the Year” during the 2010 National Association of Home Builders’ (NAHB) annual International Builders’ Show. Given by the National Sales and Marketing Council (NSMC), the celebrated achievement distinguishes the building as the best new attached home community in North America.
                Crystal Point features a crystalline-style glass exterior and has been designed to maximize the building’s waterfront setting and views of the ever changing Manhattan skyline.   Inside, one-, two-and three bedroom homes will range from 800 to 1,817 square-feet and offer an array of premium finishes.  Residents will also benefit from free on-site parking.
                “Features include kitchens with Italian Pedini wood and glass cabinetry, sparkling quartzite counters, under-cabinet task lighting, full height pantries, islands with breakfast bars and a full Jenn-Air appliance suite,” says Ms. Albert.
                “Floor-to-ceiling windows will drench the homes in natural light and many of the residences offer river front balconies.  Each residence also has SMART home technology capabilities and a washer and dryer.”
               Homes at Crystal Point are made even more attractive thanks to a 30-year tax abatement that has been granted to the building.
               Crystal Point is conveniently located between the Paulus Hook and Newport sections of Jersey City and steps from PATH trains at both Exchange Place and Newport with direct access into New York City and a Light Rail station.
               For additional information on Crystal Point, please call 201-433-7778 or visit www.crystalpointcondos.com.