Orange, N.J. – PEEK Properties has launched leasing at its newest upscale multifamily community known as THE HIGHLAND, located at 416 Highland Ave. in the southwest section of Orange, N.J. Situated at the corner of Highland and Lincoln avenues, the 138-unit five-story building is the latest luxury addition to the city’s expanding apartment-rental housing stock, which includes PEEK’s Orange Crossing redevelopment downtown.
Situated at the Orange-West Orange boundary and a five-minute walk to NJ Transit’s Highland Station, THE HIGHLAND features a mix of studio, one-bedroom and two-bedroom open-concept layouts ranging from 533 SF to 1,163 SF. Apartments feature vaulted ceilings, a balcony or patio, vinyl flooring and in-unit washer/dryer. Island kitchen finishes include white-washed cabinetry, a pantry, white subway-tile backsplash and quartz countertops with a stainless-steel appliance package with a dishwasher and a microwave.
On-premises community and outdoor spaces range from a fitness center, resident lounge and business hub to an outdoor courtyard deck with chaises, gas grills, fire pits and a dog park. Surface-lot and covered garage parking with EV chargers are available on site.
“As East Essex County’s most-transformative city, Orange is drawing a new wave of renters by choice, from advanced-degree students and young professionals to executives with families and highly educated empty nesters,” said Darla Rodriguez, PEEK’s director of property management, who noted nearby law and medical colleges/universities and employment hubs throughout Newark and North Jersey are powering this tenant pipeline.
“THE HIGHLAND is drawing a great deal of attention among this cohort, especially those with ties to the region who value the high-end living experience and balance within a smaller city that is merging its historic roots with a modern urban lifestyle,” she said.
THE HIGHLAND’s tree-lined residential neighborhood is also Orange’s most-expensive district where demand for real estate is above average, according to NeighborhoodScout.com. The immediate-area’s quaint character is derived from an older, well-established housing stock built between 1940 and 1969 and the introduction of new midrise apartments that are adding to the neighborhood’s character.
Orange is centrally situated within New Jersey’s East Essex submarket, which connects the collective “Oranges.” These include the urban hubs of East Orange and Orange as well as its suburban counterparts South Orange and West Orange, all of which have their own thriving business districts and recreational, cultural and entertainment offerings.
Positioned at the Crossroads of New Jersey, where I-280 and the Garden State Parkway intersect, the region’s highway network of the New Jersey Turnpike and Route 21 rounds out NJ Transit’s extensive rail and bus network. Commuter rail at Highland Station offers service along the Morris and Essex Lines, Morristown Line and Gladstone Branch, connecting to New York Penn Station, Hoboken Terminal, Hackettstown and Gladstone.
Established in 2018 by industry veterans Phillip J. Evanski and Emanuel Klein, PEEK Properties is a fully integrated developer, owner and operator of multifamily projects located in New Jersey with a primary focus on urban areas that offer existing value-add properties or new development sites. While subscribing to a long-term strategic approach to owning and operating properties, PEEK seeks to work in partnership with local municipalities and is one of the earliest adopters of the Qualified Opportunity Fund structure for projects located in Opportunity Zones.