EPIRE, a New York City-based real estate investment firm, has announced the acquisition of development rights to construct a new mixed-use property in Jersey City. Located at 161 Second Street within the historic Powerhouse Arts District, the through-block building will comprise 100,000 square feet including both residential and retail components.
Renderings have been released for a new 78,000-square-foot development in downtown Jersey City that could introduce a mix of residential, commercial, and outdoor space pending approvals from the Division of City Planning. Located at 163-165 Newark Avenue, the proposals include new construction as well as the restoration and reuse of an existing façade. The development also includes annexed components at the corner of Barrow Street and Christopher Columbus Drive.
A rendering has been revealed of the New Community Corporation’s planned two-story, 24-unit supportive housing project at 93-101 14th Avenue, located in Newark’s Central Ward. All of the project’s apartments will be studios housing homeless individuals suffering from mental illness, Jersey Digs reported. The building, called A Better Life, is receiving financing from various local, state and federal agencies and organizations. Jersey City-based LWDMR Architects is behind the architecture. A groundbreaking ceremony was recently held at the site, which has long been vacant, and completion is expected next year.