The Marketing Directors Lease 80% of the Luxury Apartments at 45 Market in Downtown Morristown, NJ

The Marketing Directors has successfully leased 80% of the 54 luxury apartments at 45 Market in Downtown Morristown, once again delivering positive results for developer clients in New Jersey’s prominent residential destinations.

Retained as exclusive leasing and marketing agent for 45 Market by partners Vertical Realty Capital and Stolar Capital, the Manhattan-based development advisory firm effectively leveraged the building’s collection of upscale studios, one- and two-bedroom floorplans, an outstanding location just steps from the colonial Morristown Green, and a full suite of desired amenities to achieve the notable leasing milestone in short order.

Neatly tucked between Market and Bank Streets, the signature five-story building serves as a keystone in the redevelopment of Market Street, commonly touted as the Gateway to Morristown. The triangular one-half-acre-plus neighborhood has undergone an eye-catching transformation in recent years and is now home to upscale housing, office, and local retail.

45 Market itself will add 19,000-square-feet of street-level storefronts to the destination.

“Vertical Realty Capital and Stolar Capital created an upscale, boutique residential offering at 45 Market that quickly resonated with discerning renters,” said Jacqueline Urgo, President of The Marketing Directors. “The building also had meaningful attributes to succeed in a market reshaped by the COVID pandemic. Suburban downtowns have risen in popularity with residents looking for less congested areas, but still wanting a dynamic lifestyle close at hand. With its historic charm and urbane environment, Morristown has consistently topped the list of great New Jersey downtowns. 45 Market delivered luxury homes and five-star amenities in the heart of this famed center of shopping, dining, and culture and arts while fitting in contextually with its historic surroundings.”

Newly released images of the amenities at 45 Market fully illustrate the elevated and stylish lifestyle that awaits residents. The building’s social and recreational vibe is fostered by an elegant lobby lounge, co-working space, and a state-of-the-art rooftop fitness center. A penthouse resident lounge is defined by soaring architectural vaulted glass ceilings and eclectic leather furnishings, opening onto an outdoor roof deck with exceptional views of the surrounding area. Modern services include a package concierge system, ButterflyMX video entry system and bike storage.

Ultra-luxurious homes at 45 Market are priced from $2,060 a month and offered with limited time incentives that include up to four months free. Immediate occupancy is available. The spacious residences are adorned with contemporary finishes and appointments, including wide plank flooring, and kitchens with stainless steel Bosch appliances, soft close cabinets, solid stone backsplashes, quartz counter tops and waterfall kitchen islands with gas ranges. Lavish, fully tiled spa-like baths feature white quartz countertops and custom vanities. Residents also appreciate the homes’ keyless entry systems, central air conditioning, solid core doors and in-home washers and dryers.

Situated in the heart of Downtown Morristown, 45 Market is just a quick walk to the Morristown Green and its year-long offering of events and scenic leisurely pursuits, as well as the countless restaurants, cafes, bars, and boutique shops that line Park Place and South Street.

Commuters greatly appreciate a convenient location near the Morristown Train Station, which provides direct access into New York Penn Station. Major highways including Routes 22, 208 and 287 are also just a short trip away.

For additional information on 45 Market, please visit

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