JEFFERSON TOWNSHIP — Diversified Properties announced that Jefferson Place, its luxury apartment community in the Lake Hopatcong section of Jefferson Township, has achieved full lease-up of its thirty-two-unit first phase, a milestone the developer says reflects strong demand for high-quality rental housing in Morris County.
The community, located at 9 Hellers Lane, was developed through a joint venture between Diversified Properties and Gottesman Real Estate Partners. Diversified Properties manages and leases the property.
“Achieving full occupancy for Phase I is an exciting milestone and a reflection of the tremendous effort that went into bringing this community to life, and the demand for high-quality rentals in Jefferson,” said Nicholas Minoia, managing member of Diversified Properties. “From planning and design through construction and leasing, our goal was to create an exceptional living experience that residents would be proud to call home. We are incredibly grateful for the enthusiasm the community has shown and for the confidence our residents have placed in us.”
Jefferson Place features spacious apartment homes with contemporary finishes and a variety of resort-inspired amenities, including a fitness center, resident lounge, outdoor gathering spaces, private garages and on-site storage units. The community offers access to Route 15, area shopping and dining, Lake Hopatcong, Morris County parks, golf courses and regional transportation.
With Phase I fully leased, Phase II is now under construction and will add seventy-five additional units along with new floor plans, expanded amenities and covered parking.
For Gottesman Real Estate Partners, an affiliate of Edison Investment Advisors known primarily for a portfolio of more than two million square feet of Class A office and retail properties across New York, New Jersey, Connecticut and North Carolina, Jefferson Place represents the firm’s first investment in the multifamily sector.
