Back in August and December of 2014, YIMBY revealed two different conceptual designs for a planned mixed-use development at 500 Summit Avenue, in the Journal Square section of Jersey City. HAP Investments has recently closed on the acquisition of the site for $26.6 million, despite false reports that the developer purchased the property in 2014, Commercial Observer reported. It was also revealed that CetraRuddy will be responsible for the design, the same firm that produced the conceptual renderings YIMBY released in 2014. Planned is a 42-story, 800-unit tower with 30,000 square feet of retail space. The entire building will encompass 916,955 square feet, and the residential units, which will be rentals, should average 981 square feet apiece. There will be a 100-car parking garage. The 80,000-square-foot site consists of a parking lot and two dilapidated, two-story residential buildings.
Jersey City’s planning board approved plans last month to build a 37-story condo tower at 75 Park Lane South, near the Hudson River waterfront. YIMBY has the first look at the project, which will join 10 other residential high-rises in the Newport section of the city.
Back in December of 2015, YIMBY reported on the groundbreaking of the planned 43-story, 376-unit residential tower, dubbed Ellipse, at the end of 14th Street in the Newport section of Jersey City. Now, the structure is four stories above street level, as seen in photos by JC_Heights via the YIMBY Forums. The new 444-foot-tall building will encompass 592,800 square feet and will include a retail component on the lower levels. The residential units will be rental apartments. LeFrak is developing the project, and Arquitectonica is behind its design. Completion is expected sometime in 2017.
BelovED Community Charter School has acquired, from the Jersey City Housing Authority, the vacant half-acre development site at 535 Grand Street, in the Bergen-Lafayette section of Jersey City, with plans to build a new four-story, 40,000-square-foot middle school. The facility will be able to accommodate 240 students in grades six through nine, according to The Jersey Journal. The building will feature a two-story cafeteria that can also be utilized as a 300-seat auditorium, a 1,250-square-foot, sound-proof music room, a gymnasium, 19 classrooms, two science rooms, two art rooms, a sub-dividable multi-purpose room, a library, and administrative offices. There will also be outdoor recreational space and a 31-car parking lot. The project is being designed by Urbahn Architects. Opening is expected in September of 2018.
While developers tear down old industrial buildings left and right in downtown Jersey City, one builder has chosen to preserve and convert the huge Butler Brothers warehouse at 350 Warren Street.