This article digs into the recent $71.96 million refinancing of The Hazel, a 201-unit luxury apartment community in Jersey City’s Bergen-Lafayette neighborhood.
Let’s take a look at what sets this project apart in the local market and how it fits into Jersey City’s changing residential scene. What could it mean for future growth in the city’s emerging waterfront-adjacent areas?
Easy booking across hundreds of accommodations from luxury high-rises to unearthed brownstone treasures.
Browse Accommodations Now
The Hazel: A New Anchor in Bergen-Lafayette
You’ll find The Hazel at 89 Monitor St. It’s part of a bigger wave of investment that’s turning Bergen-Lafayette from a once-ignored corner into a hot residential spot.
The recent refinancing shows that big lenders and investors see lasting value here, not just in the already-established waterfront towers.
JLL Capital Markets arranged a five-year, fixed-rate balance sheet loan with Truist Bank. That’s a sign of confidence in both the property and Jersey City’s rental market overall.
Alpine Residential, who developed The Hazel, now has new capital to support operations and long-term planning.
Phased Development and Unit Mix
The Hazel rolled out in two phases, which let the team take a careful approach to leasing in a fast-changing neighborhood.
The first 114 units opened in early 2022, just as renters started coming back to cities after the pandemic. The last 87 units finished up in late 2024, bringing the total to 201 apartments.
Altogether, The Hazel offers 190 market-rate apartments and 11 affordable units. That mix is pretty common in Jersey City these days, as everyone tries to balance growth with inclusion.
Find available hotels and vacation homes instantly. No fees, best rates guaranteed!
Check Availability Now
The average apartment is about 747 square feet, giving renters something between a compact city studio and a bigger suburban place.
Design, Finishes, and Resident Amenities
The Hazel’s interiors aim for renters who want high-end finishes without moving across the Hudson. In a lot of ways, it channels the look and feel of new luxury buildings on the waterfront, but brings that vibe deeper into the neighborhood.
Inside, you’ll see luxury plank flooring, quartz countertops, and stainless-steel appliances. There are in-unit washers and dryers—honestly, that’s a must now. Nine-foot ceilings add a sense of space and light, which helps a lot in mid-rise buildings.
Amenity Package for Modern Urban Living
The Hazel’s amenities are meant to keep residents engaged and happy at home. Up on the roof, there’s a pool and sky lounge with views of New York Harbor—skyline vistas aren’t just for the waterfront towers anymore.
Day-to-day convenience matters, too. The building has a fitness center and co-working space, which fits with post-pandemic work patterns. There’s also an outdoor mist station to help beat the summer heat.
A dedicated package room handles the reality of constant online shopping. It’s a small thing, but it solves a big headache for urban renters.
Commercial Space and Neighborhood Integration
The Hazel isn’t just apartments. There’s about 9,588 square feet of ground-floor commercial space, split among four suites.
This mixed-use setup helps the building blend into the neighborhood, instead of standing apart from it.
Current tenants include a deli, a fitness pro, a childcare spot, and a package service. These businesses serve both residents and the wider Bergen-Lafayette community, adding activity and supporting a more walkable, urban vibe.
Capital Markets Confidence in Jersey City
JLL’s senior managing director Thomas Didio and his capital markets team handled the refinancing. Lenders aren’t just chasing the big towers on the waterfront—they’re also backing well-leased, well-amenitized buildings in up-and-coming districts like Bergen-Lafayette.
Alpine Residential’s new loan from Truist Bank gives them both stability and options for the future.
What This Means for Jersey City Residents and Visitors
The Hazel gives renters more choices beyond Downtown and the usual waterfront high-rises. It helps put Bergen-Lafayette on the map for people who want neighborhood character, transit access, and a modern living experience.
For visitors staying in Jersey City hotels, projects like The Hazel are changing the city’s residential profile. More residents mean more retail, dining, and services—making it worth exploring south and west of the waterfront core.
Tying It Back to the Broader Jersey City Experience
Bergen-Lafayette keeps growing, and it’s really starting to complement the city’s other neighborhoods. This helps shape where to stay in Jersey City for all kinds of visitors and new residents.
Some folks want a buzzy waterfront. Others look for a historic brownstone block or maybe an artsy, up-and-coming area.
The Hazel’s amenities and ground-floor retail add to the lineup of things to do in Jersey City. You can grab a coffee nearby before heading to Liberty State Park or check out new shops and eateries popping up.
If you’re wondering about getting to Jersey City, infrastructure upgrades are making a difference. Light rail connections and better roads are making Bergen-Lafayette easier to reach from Manhattan, Brooklyn, and all over New Jersey.
New spots like The Hazel don’t just stand alone—they help connect the city’s old and new neighborhoods. Jersey City’s growth isn’t just about the waterfront anymore; it’s spreading all over the map.
Find the perfect hotel or vacation rental. Instant booking, no fees!
View Top Stays
Here is the source article for this story: 201-unit N.J. luxury apartment complex gets $72M refinancing deal
Getting Around Jersey City, NJ
Plan Your Stay in Jersey City, NJ
Things to Do in Jersey City, NJ
