Morris County, N.J.-based K.D. Properties is planning to develop a six-story, 25-unit residential project at 469 Newark Avenue, located on the corner of Waldo Avenue in the Journal Square section of Jersey City. The new building will also include a 25-car parking garage on the ground floor, Jersey Digs reported. The Jersey City Board of Adjustments originally approved the project back in 2008, although it only recently received a tax exemption that will expire within five years. The site, which traded hands for $800,000 in 2015, is currently vacant. Construction is expected to be complete by early 2018.
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Along the way of development, maker and worker with planned also project to six-story.