Renderings have been released for a new 78,000-square-foot development in downtown Jersey City that could introduce a mix of residential, commercial, and outdoor space pending approvals from the Division of City Planning. Located at 163-165 Newark Avenue, the proposals include new construction as well as the restoration and reuse of an existing façade. The development also includes annexed components at the corner of Barrow Street and Christopher Columbus Drive.
L+M Development Partners and Prudential Financial have teamed up to complete a sweeping renovation of Zion Towers, an affordable housing block in Newark, New Jersey. In a recent announcement, the two firms also revealed a successfully brokered deal with the New Jersey Department of Community Affairs to extend the property’s Section 8 contract for an additional 11 years to facilitate necessary financing to begin capital improvements within.
This week, Ironstate Development and KRE Group launched preview leasing of 235 Grand Street, which will soon be one of the tallest residential structures to debut on Jersey City’s Hudson River waterfront. The 46-story tower is set to offer a collection of 549 apartments with an assortment of amenities. Designed by HLW International, the development is expected to grant occupancy by September 2019.
The massive upcoming development dubbed Hudson Exchange West will sit close to the waterfront of downtown Jersey City, and the first towers, designed by Perkins Eastman, will yield a combined total of 625,000 square feet. The 18-acre mixed-use master plan is being developed by Brookfield Properties and the grand plan’s second residential tower is already making its way into the skyline, with topping-out now drawing near.
Construction is in full swing at 90 New Street, a new high-rise residential development that will debut as The Standard at New Brunswick in New Jersey. A portion of the structure’s concrete core now towers above the city’s downtown center, and will soon top-out at 247 feet above street level, a milestone which it appears to have nearly reached.