Ground has broken at 39 New York Avenue, in Jersey City, for a new multi-family residential property. Developer The NRP Group has partnered with Hoboken Brownstone Company to bring 131 units with a mix of studio, one-bedrooms and two-bedrooms to market by 2020. 39 New York Avenue will be The NRP Group’s first project in Jersey City.
Located in the Coles Street Park neighborhood, the apartment building will be adjacent to both the west side of Hoboken and Jersey City’s The Heights neighborhood. The property will consist of 28 studio apartments, 79 one-bedrooms and 24 two-bedrooms.
“We are thrilled to be taking this step into Jersey City, which has been undergoing such an incredible renaissance in recent years,” said J. David Heller, President and Chief Executive Officer at The NRP Group. “As is typical for NRP Group communities, this distinctive development will be thoughtfully designed to add a unique living experience to a vibrant neighborhood. We think the dynamic growth of Jersey City presents an ideal entry point for NRP and we look forward to deepening our presence in the market.”
The NRP Group also manages over 17,000 affordable and market-rate residential units in various states across the US including Texas, Ohio, North Carolina and Florida.