Boutique Apartment Building Brings the Epitome of Luxury Rental Living to the Heart of Paramus

PARAMUS, NJ – Stacy Esser Group, a leading real estate team serving Bergen County, NJ, announced that luxury apartments are now available for lease at Fifty58, a groundbreaking new multi-family boutique rental building — the first and only of its kind in Paramus. The property located at 58 East Midland Avenue holds a total of 45 units each with stunning variations for uniqueness and individual character.

Designed by master developer, Andrew Cohen, he brings an aesthetic precision and acute attention to detail to this luxury multi-family residence. The result is an incomparable architecture with oversized apartments, gracious common areas and breathtaking interiors.

Location – Location…. the property, located in the heart of Paramus, is easily accessible to both Route 17 and the Garden State Parkway. Situated only minutes to the Ridgewood train station or a small walk to the bus stop makes an simple 45-minute commute to New York City. Walk to gourmet grocery stores like Trader Joe’s and Whole Foods with shopping aplenty positioned between the Westfield Garden State Plaza and Paramus Park Mall. Whether you’re looking to relax at the country club, play 18-holes of golf or take in a movie, Fifty58 is close to the very best in leisure time and entertainment options that captivate a community. Most noteworthy, Paramus has a strong public school system and highly rated daycare facilities within walking distance.

The residences are infused with oversized luxury. Of the 45 dwellings, 18 are two tale duplexes with three baths located on the building’s third floor with the remaining two bedroom/two bath or two bedroom/two bath and den residences or flats on floors one and two. Each luxury unit – from approximately 1,300 SF to 2,500 SF — showcases generous, open floor plans for design flexibility. Adding more dimension, the high nine-foot ceilings with recessed LED lighting set against floor to ceiling windows with operable panels flood the spacious rooms with natural light making an ambient mood. 

Fifty58 offers a lavish lifestyle with a concierge approach to luxury living and unlimited services and amenities to meet all of your family’s needs. Save time on your workout commute and exercise in the state-of-the-art gym with cardio and weight training equipment. Plotting a party or simply in need of an simple escape, residents can delight in the two-level private lounge with 20-foot ceilings, sitting by the fireplace or playing at the tournament style pool table. Relax with friends on the spacious rooftop appointed with furniture, a barbeque grill and a two-sided gas fireplace while taking in spectacular views or watching the sunset. There’s even a pergola with louvers to ward off the summer sun or fall chill. No need to drive in circles for a parking space or feed the meter. All units have assigned parking in the private covered lot protected by 24-hour video surveillance. Best of all, you can bring your furry friends. Well behaved pets are welcome.

In keeping with the times, Fifty58 is equipped with smart building technology. The structure’s impressive blueprint is designed with a cutting-edge digital doorman and package concierge for your convenience coupled with smart locks and digital access to your residence. Virtual keys grant seamless guest entry and mobile apps allow you to virtually manage your daily routine safely for peace of mind.

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FCP Announces Acquisition of Trails of North Hills Apartment Community in Raleigh for $33.3 Million

CHEVY CHASE, MD – FCP announces the acquisition for $33.3 million of the Trails of North Hills, a 279-unit apartment community near the vibrant North Hills area. The Trails of North Hills Apartments are adjacent to the Crabtree/Mine Creek Greenway trail and delight in immediate access to retail and employment centers. 

“Both the Crabtree and North Hills submarkets continue to see very healthy mixed-use development, leading to even more demand for nearby workforce housing,” said FCP Vice President, Alex Cathcart. “The Trails of North Hills Apartments, which consist of 82% two- and three-bedroom units, mostly townhomes, will be improved to better meet the needs of residents seeking affordable quality housing near job centers, retail amenities and transportation corridors.” The acquisition of the Trails of North Hills marks FCP’s sixth investment in the North Hills market over the last eight years.  

FCP has retained Pinnacle Management, who operates nine other FCP properties in the Southeast United States, to manage the property. Additionally, FCP will invest in capital improvements including clubhouse and amenity renovations, building upgrades, and landscaping and curb appeal updates.

FCP extends its appreciation to Paul Marley and Watson Bryant of the Cushman & Wakefield Multifamily Advisory Group for their representation. “The Trails of North Hills will benefit from outstanding demographic trends and high occupancy rates in the rapidly-expanding Crabtree submarket of Raleigh, driving organic rent growth and strongly supporting a market proven value-add opportunity for new ownership,” said Bryant.

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ClearWorth Capital Enters Corpus Christi Market with Acquisition of 252-Unit Arbors on Saratoga

CORPUS CHRISTI, TX – ClearWorth Capital announced its recent acquisition of Arbors on Saratoga, a 252-unit Class B multifamily asset located in Corpus Christi, Texas.

The project, which was constructed in 1998, is near several significant demand drivers, including Texas A&M Corpus Christi and one of the largest health care and surgical centers in South Texas.

Community amenities include an expansive clubhouse with a conference room and business center, fitness center with free weights, large pool with WiFi access, outdoor kitchen and picnic area, shaded pet park, sport court and detached garages.

New ownership will soon implement a thorough overhaul of the interior and exterior features of the property, including improvements to existing social areas and making new amenities. All unit interiors will receive a full upgrade, including new flooring, cabinet fronts, countertops, appliances, window treatments, technology upgrades, lighting and plumbing fixtures, and kitchen backsplash. Additional enhancements includes new signage, landscaping redesign, fresh exterior paint scheme, and a new poolside kitchen.

Arbors on Saratoga will be the tenth renovation undertaken jointly by the principals of ClearWorth Capital, a partnership comprised of the principals of Dallas-based Seneca Investments, and Houston-based NOIPM (NOI Property Management). 

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