Leasing has opened for the second phase of The Mint, a two-building 225-unit complex on Monroe Street.
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The second phase includes 109 apartments, ranging from studios to one- and two-bedrooms, in a six-story building at 84 Monroe St.,
The first phase, completed in in late 2019 and opened in early 2020, consists of 116 units. The five-story building at 81 Monroe St. includes 57 one-bedrooms, 35 two-bedrooms, and 24 studios over 119 parking spaces and about 2,200 square feet of commercial space on the ground floor. Monthly rents range from $2,045 to $3,250, with grand opening incentives that include up to two months free, according to a press release on behalf of developers, Fields Grade and Slokker Real Estate Group.
UPDATED, April 2: In her report to the Redevelopment Agency at its March 29 meeting, Engineer Jacqueline Dirmann said the building received 108 temporary certificates of occupancy (TCO) of the 109 units and 26 leases (24 percent) have been signed.
UPDATED, May 11: A ribbon-cutting press release announced that 70 percent of the 109 units (about 76) have been leased.
The Mint’s newest phase provides amenities including a game room with poker room and Ping Pong and Foosball tables and multiple work-from-home areas including co-working spaces, conference room, work pods and a library. A sixth-floor Sky Lounge offers a bar with seating, large-screen TVs and a pool table, all leading to an outdoor rooftop terrace with lounge chairs, barbecue stations and New York City views.
The north building also shares access with the south building on amenities such as a lounge with a billiards table and work cubes, fitness center with yoga room, and a pet spa. A second-floor landscaped deck features a swimming pool, barbecue and dining areas, and a fire pit with lounge seating.
The original application for the development received Planning Board approval in 2015 for 208 units across two buildings, plus 198 garage parking spaces. The Planning Board approved changes in April 2021 that added 16 units and another level to the initial 92 units of phase two, which had proposed underground parking rather than ground-floor parking.
The Mint was approved for a 30-year Payment In Lieu Of Taxes (PILOT) agreement in 2014. The 2022 municipal budget anticipated the first PILOT from phase one of $215,000. The PILOT projected a payment of $360,000 in the first full year, which would increase annually by about 3 percent each year. The 116-unit phase one south building is assessed for a total $9,895,900, according to property records.
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