Funding approved for 258 luxury apartments in Elizabeth, with golf simulator, outdoor kitchen

Funding approved for 258 luxury apartments in Elizabeth, with golf simulator, outdoor kitchen

Amenities will include a resort-style pool, modern fitness center, golf simulator, outdoor kitchen, dog park and 3,200 square feet of retail space.

JLL Arranges $83M Financing for Elizabeth Luxury Apartments

JLL Capital Markets secured a $63.2-million construction financing from Bank OZK and $20.15-million mezzanine placement from PGIM for ECCO, a 258-unit luxury multifamily development in Elizabeth, Union County, NJ. ECCO represents phase 2 of the broader Vintage City Development, a nationally recognized redevelopment that received NAIOP’s Mixed-Use Deal of the Year Award in 2025. Located at 250 Union St., directly across from the newly renovated E…