The Jersey City Planning Board has approved a pair of high-rise residential towers along the waterfront edge of Jersey City. Located at 50 and 55 Hudson Street, the towers are the latest residential development from global investment bank Goldman Sachs, which has partnered with Tishman Speyer to complete the project. When complete, the complex will comprise 1,941 residential units, set atop a large retail component, an amenity deck, and public plazas.
Colgate operated a plant on the site for more than 100 years, which closed in the 1980s. Today, the development site comprises two of the last undeveloped parcels in the waterfront area.
Additional members of the project team include Handel Architects, Marchetto Higgins Stieve Architects, and landscape architect Melillo Bauer Carman.
The first tower at 50 Hudson Street will top out at 42 stories. The lower levels of the building will house more than 12,000 square feet of retail and 467 parking spaces with 924 residences above. The second tower at 55 Hudson Street will top out at 58 stories and comprise the same configuration of use-types. This includes 62,000 square feet of retail, 378 parking spaces, and 1,017 units.
The mix of units will range from studios up to three-bedroom floor plans. Plans submitted to the city do not indicate an affordable housing component.
Future tenants will have access to an outdoor pool, tennis courts, a dog run, and landscaped terraces with barbecue grills and lounge space. Additional amenities include resident lounges, a fitness center, bike storage, and more to be announced.
The project was unanimously approved by the board on September 20. It is unclear when construction could break ground or when the development might be completed.