A consortium of state agencies has confirmed commencement of the Bayfront Redevelopment Plan in Jersey City, purportedly the largest-ever mixed-income development in the Tri-State Area. The multi-phase project will eventually comprise 8,000 apartments with support from Jersey City Mayor Steven M. Fulop, the Jersey City Redevelopment Agency, and the city’s Departments of Housing, Economic Development, and Commerce.
Located on a former brownfield along the Hackensack River, the entire site spans approximately 100 acres and required years of environmental rehabilitation to reverse extensive soil contamination. The city acquired the 100-acre Bayfront property from Honeywell Corporation in 2018 for $100 million after reaching an agreement that forced the company to contribute to the rehabilitation effort.
Now prepared for construction, city agencies have partnered with Bayfront Development Partners, a joint venture between Pennrose and Omni America, and solo-entity BRP Development Group.
Phase one, known as Cove Pointe, is expected to break ground this fall and will only occupy 16 acres, divided into four distinct parcels. BRP Development Group will oversee construction of 552 apartments including 193 affordable units. Bayfront Development Partners will be responsible for the remaining 540 apartments with 193 designated as affordable units.
When complete, this phase will include 1,092 new homes.
“Today’s announcement represents a huge step forward. These initial proposals will create a model development designed for people all across Jersey City, with more than 400 units of affordable housing at a range of incomes, the vast majority of which is at 60 percent of the area median income or below,” said Reverend Laurie Wurm, Jersey City Together. “None of this would have been possible without the persistent organizing of faith leaders and residents for decades, who fought to clean up the site and then to ensure it would be an inclusive opportunity for the city as a whole. In the midst of several serious crises, we must and will continue to build for a better future in our city and region.”
The city expects to break ground on the infrastructure work for Bayfront in the fall.
Subscribe to YIMBY’s daily e-mail
Follow YIMBYgram for real-time photo updates
Like YIMBY on Facebook
Follow YIMBY’s Twitter for the latest in YIMBYnews
Can Jersey City’s infrastructure handle so may new units in addition to those already under construction?
This seems like a 1st step towards communism. Where a City gets involved in Real Estate Development. Did they strong arm the previous owners into selling to the City???