Chinese Firm Plans 37- & Seven-Story Condo Buildings At Two Sites In Jersey City’s Newport

75 Park LaneVacant 75 Park Lane, image via Google Maps

Strategic Capital, a branch of China State Construction Engineering Corp., has acquired the development sites at 75 Park Lane and 2 Shore Drive North, both in the Newport neighborhood of Jersey City. According to NJ Biz, the sites are approved for 37- and seven-story condominium buildings, respectively, totaling a combined 632,000 square feet of space, which includes 24,000 square feet of retail. The new owner plans to develop the condos, and Holliday Fenoglio Fowler marketed the sites.

2 Shore Drive North

Vacant 2 Shore Drive North, image via Google Maps

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