From 1909 till the late Nineteen Sixties, 720 Clinton Road in Hoboken, New Jersey, was house to the Schmalz Bakery which, amongst different merchandise, manufactured baked items for Marvel Bread. Over time, the bakery turned recognized regionally as “The Wonder Bread Factory.”
Now as a replacement stands The Marvel Lofts, a luxurious residential constructing with 83 loft-style condominiums. The identify is a becoming homage to the constructing’s earlier life.
The event staff contains Prism Capital Companions, Angelo Gordon and Parkwood Improvement. The mission additionally included work from an area New Jersey agency, MVMK Structure + Design and Workshop/APD, a New York Metropolis-based inside design studio.
The Marvel Lofts contains two- to five-bedroom residences with about 1,200 sq. ft to 2,700 sq. ft of dwelling area. The beginning worth for these items vary between $1.899 million and $2.399 million.
Since items within the constructing turned out there on the market in Could 2021, 72 residences have been offered and 11 are nonetheless out there.
Robert Fourniadis, senior vp – residential of Prism Capital Companions, tells CNBC Make It that not having any studios or one-bedrooms within the constructing was a acutely aware selection. The staff needed patrons who needed to place down roots within the New Jersey metropolis.
“We decided to go for a different part of the market,” Fourniadis says. “It’s a one-of-a-kind lifestyle experience unlike anything else you can find up and down the Gulf Coast.”
There may be one residence within the constructing that stands out. Builders describe the penthouse unit as “the cherry on top of a wedding cake” — and it is presently in the marketplace for $3,499,000.
The three-bedroom, 2.5-bathroom residence was designed with sufficient area for a eating space, an eat-in kitchen and a 1,895 square-foot terrace. It has large home windows on three sides, permitting you to see views from the Palisades in New Jersey to midtown Manhattan in New York Metropolis.
“One of the things we wanted to do is bring the outdoor in, so it’s wrapped in glass but still private since you sit on top of the building,” Daniel P. Winschuh, managing director at Parkwood Improvement, says. “You’ve got these great exposures and it’s an easy transition from indoor to outdoor living.”
The penthouse comes with a slew of luxurious facilities
The constructing has an out of doors lounge with an infinity-edge swimming pool overlooking elements of Manhattan, a bar under the restored iconic water tower, a billiards room, an leisure kitchen, a kids’s artwork middle, a playroom, a health club and a totally outfitted studio for Pilates and yoga.
If that does not sound like sufficient, the constructing has a two-story foyer; a concierge; a pet grooming space; an onsite, lined parking storage; a screening room; rooftop cabanas; a laundry room; and bike storage.
Winschuh says he and the staff labored with town to maintain sure elements of the constructing and the historical past of the Marvel Bread Manufacturing facility intact whereas making modifications for residential dwelling.
“The city really wanted to maintain it and felt that it [the building] was part of their heritage and part of the fabric of who Hoboken is,” Winschuh says.
The Marvel Lofts retained the manufacturing unit’s authentic archways, excessive ceilings, 80-foot-tall chimney stack and enormous home windows.
Due to the distinctive format of the unique constructing, no two items are alike. The residences have been every designed with personal outside terraces, walk-in closets, giant kitchen islands, separate laundry rooms, workspaces and considerable storage.
“While we have this beautiful historic building, we wanted to make sure the living experience was contemporary,” Winschuh says. “So it has all the modern amenities and furnishings to provide an elevated lifestyle.”
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