Cypress Equity, Winter Properties Break Ground on Bayonne Apartments
Cypress Equity Investments (CEI) broke ground on Avenue G, a 354-unit apartment complex in Bayonne, NJ. Located in a rapidly growing community on New Jersey’s Gold Coast, the new development is directly adjacent to the recently completed 180-residence Edge apartment community, also developed by CEI.
Avenue G represents the first groundbreaking resulting from CEI’s recent joint venture with New York-based Winter Properties. Designed by local architect Minno & Wasko Architects and Planners, Avenue G is located at 101-143 E. 22nd St. In Bayonne.
“As we looked for opportunities in the greater New York/New Jersey region, Bayonne stood out as an optimal blend of a quiet suburban lifestyle with easy access to the high-energy urban centers of Jersey City and Manhattan,” said Alla Sorochinsky, CFO of CEI. “Further, the enthusiastic response we’ve received to Edge led us to capitalize on the opportunity to develop this larger apartment community next door.”