Jersey City's Popular Condominium Development CANCOlofts Announces Construction of CANCOpark

CANCOpark to Offer Residents and Neighborhood an Outdoor Oasis

CANCOlofts, an industrial-to-residential condominium conversion located at 50 Dey Street in Jersey City, N.J., recently announced that construction has commenced on CANCOpark, a lush, shady haven that will be located across the street from CANCOlofts. CANCOpark, which is expected to be complete by the end of October 2010, will add to the appeal of living at CANCOlofts, the former American Can Company factory. The park, which will be open to the public, will offer 15,000 square feet of relaxing green space with park benches, a walkway and beautiful scenery.

"This is an exciting time for CANCOlofts' residents, future buyers and for the CANCOlofts neighborhood," stated Jodi Stasse, director of sales and marketing at CANCOlofts. "The addition of CANCOpark will further enhance a neighborhood that has already been revitalized by the presence of CANCOlofts." CANCOlofts has announced that there is a limited opportunity to purchase the remaining homes in the CANCOparkview collection, which will overlook the park. The CANCOparkview collection includes two-bedroom, two-bathroom lofts, as well as one-, two- and three-bedroom penthouses ranging in size from 1,200 to 1,646 square feet. In addition to the CANCOparkview collection, CANCOlofts offers one-bedroom homes starting in the low $300,000s, as well as one bedroom plus homes, the most popular design, which include an area that many buyers use as an office, starting in the low $400,000s. A limited number of two-bedrooms are available starting in the mid-$400,000s.

All of the lofts feature oversized windows ranging in height from 11 to 14 feet that let in an abundance of light, and all have at least one column structure, some in the mushroom-capped style on view in the building's public spaces. Also included in all CANCOlofts' homes are wide-plank white oak flooring, glass tile accents in the kitchens and bathrooms, engineered stone countertops and gleaming white-lacquered custom cabinetry.

With the completion of CANCOpark, CANCOlofts will offer more than 25,000 square feet of luxury amenities, including CANCOchill, a resident's lounge with billiard tables, card table, large-screen TVs, seating areas and a large service bar; CANCOparty, a rentable space for private parties; and health and fitness facilities including CANCOsweat, a fitness center; CANCOpow, a boxing area; CANCOstretch, a floor exercise, yoga and light weights area; and CANCOhoops, a half basketball court.

Additional areas for work and amusement are CANCObiz, a business center; CANCOkids, a children's play area; CANCOfun, a table game area; CANCOflicks, a home theater equipped with surround sound, a 10-foot projection screen, reclining seats and an extensive collection of movies; CANCOpooch, an outdoor dog run adjoining an indoor pet spa; as well as outdoor picnic and sundeck areas CANCOgreen, CANCOgrill and CANCOrays.

Convenience is another factor that makes this property a top choice for prospective purchasers. For those seeking an easy commute to Manhattan, CANCOlofts offers immediate access to public transportation via a morning and evening shuttle service to and from the nearby Journal Square PATH station. In addition, the building is close to Interstate highways.

Residents also have the convenience of other on-site amenities including a 24/7 concierge service and Zeytinia Gourmet Market, a unique combination of fresh country market, gourmet shop, informal eatery, coffee bar and food-bar take-out that allows CANCOlofts residents to shop within the building. Zeytinia, which also serves the surrounding neighborhood, features a private entrance for residents.

CANCOlofts' Wells Fargo mortgage specialists are available on site every Saturday and Sunday to provide financial guidance on current mortgage rates and financing programs. The building has been approved by the FHA (Federal Housing Administration) and Fannie Mae, which means that qualified buyers can obtain mortgages with lower down payments and lower interest rates than are available through conventional mortgages. As well, CANCOlofts has been awarded a 30-year tax abatement, which translates to lower property taxes for residents.

For more information, visit the website at www.cancolofts.com, call the sales center at 201-876-8686 or e-mail info@cancolofts.com. The on-site sales center, located at 50 Dey St. in Jersey City, is open seven days a week from 11 a.m. to 6 p.m. Morning and evening hours are available by appointment.