As the fastest-growing city in New Jersey, Jersey City has been witnessing a sustained wave of new construction, transforming its skyline and adding thousands of new residential units to the housing-starved New York metropolitan region. In this post, YIMBY takes a look at six forthcoming projects that are slated to add 327 new homes across city, from Journal Square to the Hudson River waterfront.
Jersey City’s Planning Board in June approved plans for Liberty Watch, the final phase of the Port Liberté residential complex at 200 Chapel Avenue along the Hudson River. Designed and developed by Pulte Homes, the project will yield 168 three-bedroom townhomes across 19 four-story buildings. Each 55-foot-tall structure will come with a one-car garage and a deeded driveway spot, along with 80 guest parking spaces on the complex’s newly created streets. The development will also include 168 bicycle parking spots and a park and playground along Chapel Avenue.
The below site map shows Liberty Watch’s position between the existing residential structures to the south, Chapel Avenue to the southwest, Caven Point to the east, and the Liberty National Golf course to the north. A total of 197 new trees and 1,702 shrubs will be planted throughout the final phase, and the terrain will be elevated by nearly 3 feet to address flooding concerns. A construction timeline for Liberty Watch has yet to be announced.
Work is underway on 219-231 Dwight Street, a series of 13 residential buildings on a 17,849-square-foot site in Greenville. Developed by Academy Capital, the project will yield 20 condominium units across seven duplexes and six two-story accessory dwellings. Natalia Rawska and Kevin Oliveira of SERHANT. are leading sales and marketing for the development.
Units on the top level of the duplexes will span 1,360 square feet with three bedrooms, two bathrooms, and a private rooftop terrace. The bottom levels will measure roughly 1,646 square feet with three bedrooms and 2.5 bathrooms. The 526-square-foot accessory units will include one bedroom and can be purchased separately from the duplex units. Each main building will have a garage and a shared driveway.
Academy Capital purchased the lots for $2 million in April 2024 and initially planned to construct a five-story, 50-unit structure with 33 parking spaces. The developer later secured a $5.5 million construction loan from Genesis Capital to complete the current $8 million project.
Completion of the first homes is expected this summer.
Approvals were recently granted for 468-480 Manila Avenue, a six-story residential building in Hamilton Park. Designed by Minno Wasko and developed by a subsidiary of BNE Real Estate Group, the 95-foot-tall structure will yield 38 three-bedroom units. The project will also include a 39-vehicle garage with 19 bicycle parking spots. The property is located between 7th and 8th Streets and is currently occupied by a surface-level parking for the Jersey City Police Department.
Amenities will include an 850-square-foot fitness center, a 2,200-square-foot lounge, a 1,055-square-foot coworking space, and a communal rooftop terrace. A construction timeline has yet to be announced.
Earlier this year, developer Hopkins Group Management secured financing for 165 Newark Avenue, a seven-story mixed-use building in downtown Jersey City. Designed by LWDMR Architects, the two-phase project will involve the adaptive reuse and expansion of a historic three-story structure known by locals as the Barcade Building, and will yield 51 units. The structure will also include 13,904 square feet of retail space. The property is located at the corner of Newark Avenue and Barrow Street.
Phase one will consist of the a ground-up seven-story building on the southern half of the lot. This component will include a penthouse unit and a ground-floor commercial space.
The $35.4 million loan package was arranged by Matthew Pizzolato and Josh Stein at CBRE and consists of a senior construction loan from Goodman Capital and mezzanine debt from SteepRock Capital. A construction timeline has not been announced.
Amenities will include a 1,750-square-foot communal roof deck, 18 bicycle spaces, and storage and amenity spaces in the cellar level. A construction timeline has not been announced.
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