By Andrew George, September 13, 2016
Alongside joint venture partner Claremont Companies and project investment advisor Circle Squared Alternative Investments, the Hampshire Companies kicked off a groundbreaking celebration Monday in Jersey City for the start of a major redevelopment project on the campus of New Jersey City University.
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A rendering of the planned University Place project at New Jersey City University. – (THE HAMPSHIRE COMPANIES)
A rendering of 100 Monitor St., a new residential building given approval by Jersey City’s planning board on Aug. 16, 2016. (Courtesy of Ironstate)
A five-story residential building housing 308 rental units on a lot outside Liberty State Park was given unanimous approval by the Planning Board Tuesday night.
100 Monitor St., which will also house 2,980 square feet of commercial space on its ground floor as well as 8,000 square feet of offices, will be a “pinnacle project” for the Lafayette neighborhood, Charles J. Harrington, the developer’s attorney, told planning officials.
“It will really be a transformation of the site,” Harrington said.
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Men in hard hats moved across the Jersey City site that had once housed a Pep Boys auto center last Wednesday, working with coordinated tenacity and marking the beginning of what may be the city’s most ambitious construction project in decades.
“For most ground breaking, people usually have a pile of dirt and a few shovels,” said Abe Naparstek, senior vice president of residential development for Forest City Realty Trust. “We wanted to have something we could show.”
Although dubbed as a groundbreaking, work on Hudson Exchange West actually began last November.
Over the next 20 years this project is expected to result in the construction of 12 new residential towers on an 18-acre site near Marin Boulevard and Second Street, close to the Newport Mall and near the waterfront.
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Vertical construction is underway for a 35-story tower that will be downtown Jersey City’s first residential building in more than three decades to have a so-called 80/20 mix of market-rate and affordable units, city officials announced.
Known as Hudson Exchange West, the $220 million project is being developed by Forest City Realty Trust and G&S Investors, according to a news release. It will include 336 market-rate units, 85 affordable units and 10,000 square feet of retail space, sitting between Marin Boulevard and Washington Street and just north of Second Street.
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Jersey City – Declaring the start of a new era for Downtown Jersey City, Mayor Steve Fulop and developers today celebrated the start of construction of a new residential high-rise near Newport Mall, the first of 12 towers planned for the site over the next 20 years.
Fulop and developer Abe Naparstek said the project, known as Hudson Exchange, is one of largest, most transformative projects in the nation. The $223 million first tower, which will rise 35 stories and include 421 units plus 10,000 square feet of ground-floor retail space and a parking garage with 264 parking spaces, is expected to open in late 2017.
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JERSEY CITY — Developers are looking to build a 12-story, mixed-use development in Journal Square that would include 111 residential units and 5,000 square feet of retail space.
The mid-rise building is planned for 87 Newkirk St., a currently vacant lot behind Jersey City’s municipal court complex. The units will be a mix of studios and one-, two- and three-bedrooms apartments.
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The Jersey Journal By
on April 13, 2015 at 7:54 AM
There are 40 to 50 homeless veterans in Hudson County, according to officials, and the goal of a new initiative in Jersey City is to put a dent in that number.
A coalition, including the building trades, the Jersey City Redevelopment Agency, and the South Hudson Civic Association, began renovations yesterday on a vacant building at 665 Ocean Ave., which the group says will ultimately house eight currently homeless veterans.
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Kushner Companies and KBR Group announced in January that it had purchased the vacant One Journal Square in Jersey City. No additional details of the project have yet been released.
Real Estate Weekly
June 17, 2015
A 95-acre land parcel on Jersey City’s West Side is coming to market, and Cushman & Wakefield’s Metropolitan Area Capital Markets Group has been retained as the exclusive agent for its sale. The fully zoned and master planned site on the eastern shore of the Hackensack River is assembled and ready for transit-oriented, mixed-use redevelopment.
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