ELIZABETH, N.J. — A partnership between Florida-based LeCesse Development Corp. and New Jersey-based MAS Development Group has broken ground on ECCO, a 258-unit multifamily project in Elizabeth, located just outside of Newark. The four-story building will offer studio, one- and two-bedroom units that will be furnished with Italian cabinetry, quartz countertops, tile backsplashes, walk-in closets and various pieces of smart-home technology. Amenities will include a pool, fitness center, coworking space, golf simulator, outdoor theater and a game room with a wet bar. ECCO will also have about 35,000 square feet of retail space. Baker Barrios is the project architect, and March Associates Construction is the general contractor. JLL arranged $63.2 million in construction financing from Bank OZK and a $20.1 million mezzanine placement from PGIM for the project, completion of which is slated for late 2027.
ECCO, a 258-unit multifamily project in Elizabeth, New Jersey, will be the sister building to Vinty, a 268-unit community that was completed several years ago and also houses a Mexican restaurant, sandwich shop, burger bar, bank and a coworking space.
LeCesse, MAS Break Ground on 258-Unit Multifamily Project in Elizabeth, New Jersey
34