Mack-Cali Realty Corp. recently celebrated the grand opening of the Lutze Biergarten, Jersey City’s first outdoor biergarten along the Hudson River Waterfront. The new biergarten is adjacent to Harborside, the REIT’s premier, mixed-use asset in Jersey City.
Jersey City Mayor Steven Fulop joined Mack-Cali CEO Michael J. DeMarco at the ribbon cutting ceremony to celebrate the newest addition to the Jersey City waterfront. “We are thrilled to open the doors of the Lutze to Jersey City as the Hudson Waterfront continues to develop itself into a vibrant destination for the entire community to enjoy,” said DeMarco. “Just in time for the spring and summer season, the Lutze will provide guests with a one-of-a-kind experience featuring spectacular views of New York City’s iconic skyline.”
Mayor Fulop said that Mack-Cali’s latest investment in Jersey City will support the growth and development of the City, combined with the city’s new Exchange Place Alliance Special Improvement District, which aims to improve the Jersey City Waterfront while promoting economic revitalization and social growth across the Exchange Place district.
The Lutze, a 23,000-square-foot outdoor biergarten featuring three unique seating areas, offers guests a variety of craft beers, cider, wine, and sangria, as well as delicious food from Jake’s Downtown and Bacon Me Crazy. Throughout the biergarten, customers have access to a variety of seating and lounge areas with several fire pits, games, and an event stage, situated in the heart of the biergarten, will welcome local live entertainment. The family- and pet-friendly Lutze is open daily, from May through October.
Owned by Mack-Cali, the Lutze is part of the company’s initiative to activate the Jersey City Waterfront and further create a destination where residents, tenants, and visitors can have a true live-work-play experience.
Mack-Cali is currently engaged in a transformation and re-imagination of its Harborside property, inspired by the complex’s industrial past. The transformed Harborside will feature high-end dining and shopping experiences in an open layout, with easy access to the Waterfront Esplanade and magnificent views of the Hudson River and Manhattan skyline.
Mack-Cali also recently revealed its Q1 results, ending the quarter with a total of 54 lease transactions aggregating 362,075 square feet in its consolidated commercial portfolio. Of these totals, 15% were for new leases and 85% were for renewals and other tenant transactions. With these transactions, the company finished the quarter with a percentage leased of 90.4 in its Core, Waterfront, and Flex properties, compared to 90.6% at year-end 2016.