Construction is now underway at 49 Fisk Street, a new 337-unit rental property in Jersey City. Halpern Real Estate Ventures, the developer of the property, was joined by Jersey City Mayor Steven Fulop and local officials on November 1 to celebrate the commencement of construction.
Situated just west of Downtown Jersey City, 49 Fisk Street is rising in an area that is experiencing a wave of new investment. This includes New Jersey City University’s 22-acre expansion project and the 95-acre Bayfront redevelopment. The development at 49 Fisk Street is expected to debut by the end of 2023.
“The West Side of Jersey City has seen unprecedented transformation in a positive way over the last eight years,” Mayor Fulop said at the groundbreaking ceremony. “For decades, the city struggled to get any sort of investment on the West Side, so today is symbolic in a meaningful way and sends a strong message about where the priorities are for Jersey City in making the West Side for everyone.”
Designed by Minno & Wasko Architects and Planners, the six-story building will also house around 50,000 square feet of lifestyle and wellness amenities curated by The Meshberg Group. These include a 14,000-square-foot landscaped courtyard, an 18,000-square-foot roof deck, a community garden, co-working spaces, a speakeasy-style bar, a fitness center, communal lounge areas, and on-site parking for more than 140 vehicles.
Sustainable systems designed to improve the building’s energy performance will include a waste diversion and energy recovery system, rooftop solar panels, electric vehicle charging station, and rainwater collection for irrigation.
“Jersey City is a national success story, and Mayor Fulop has done a remarkable job spearheading investment and focus west of the waterfront, which has led to improved infrastructure and the infusion of new residential, retail, and lifestyle options across the city,” said Joel Halpern, managing director of investments for HREV. “This is certainly the case for the West Side, and we’re excited to contribute to the growth and vitality of this emerging neighborhood.”