Last week saw the groundbreaking ceremony for a 309-unit mixed-use building rising on a 2.7-acre vacant lot at 100 Monitor Street, in Jersey City’s Lafayette neighborhood. The project will include 309 apartments, along with an 8,000 square-foot office for the Jersey City redevelopment agency and a 3,800 square-foot retail space. Ironstate Development Company will be responsible for the development, as well as their joint venture partners Brookfield Property Group and Landmark Developers.
Other projects by Ironstate Development in Jersey include the completed skyline-altering URBY tower, of which two more are expected. They are also developing the 45-story 235 Grand Street and the 50-story 90 Columbus Drive.
100 Monitor Street will have units ranging in size from studios to three-bedroom units. Amenities include a fitness center, resident’s lounge, and a rooftop dog run. Tenants will have access to an outdoor pool, sundeck, barbeque grills, and a grass lawn. An 85-vehicle parking garage will be included on site.
The groundbreaking ceremony took place on Tuesday, April 10th. At the event, president of the Ironstate Development Company David Barry spoke about their role in Jersey, saying the following.
“We’ve been committed to Jersey City for more than two decades and view Lafayette as an emerging neighborhood with significant growth potential,” said David Barry, President of Ironstate Development Company. “Our location adjacent to a Light Rail Station will conveniently connect residents to Downtown Jersey City and additional public transportation options.”
Citing the expansive Liberty State Park, the Liberty Science Center museum, and the quarter-billion dollar Sci-Tech City expected to open in the next few years, David Barry went on to add, “This is a neighborhood clearly on the rise, and we’re excited to be a part of it.”
Jersey City’s Mayor, Steven Fulop, joined the groundbreaking ceremony, telling the crowd, “Development interest in Jersey City is moving away from the Waterfront, and we are thankful to those who see the potential of this neighborhood, including its businesses and residents, and choose to invest in it.”
BKSK Architects is responsible for the design, in partnership with Executive Architect Kitchen & Associates. The steel and brick-clad building is formatted in a rectangular configuration, the center of which is occupied by a 21,000 square foot outdoor courtyard.
Now that construction has started for the $84 million development, completion is expected in less than two years.