Marchetto Higgins Stieve

711 Montgomery Street, Jersey

16-Story Project Revealed at 711 Montgomery Street, Jersey City

711 Montgomery Street in Jersey City has sold to Sequoia Development Group for an undisclosed amount. The sellers, Florida-based Rescore Montgomery LLC, had purchased the site in April 2015 for $4.5 million. Sequoia Development Group joined a partnership with Grid Real Estate to work on the development. The 16-story project is expected to yield 309 apartments, and today YIMBY has the first look at renderings.

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700 Jackson Street

Ground Broken on Community Gym and Public Park Space at 700 Jackson Street, Hoboken

A ground-breaking ceremony was held last week for the first phase of a mixed-use project at 700 Jackson Street, located on two blocks between 6th and 8th streets in Hoboken, N.J. The first phase will see the construction of a single-story, 6,835-square-foot community gymnasium along Jackson Street, between 6th and 7th streets, and public park space across both blocks. Significant infrastructure work will also be done as part of the first phase, expected to be complete by 2019, Jersey Digs reported.

533 Mercer Street

16-Story, 300-Unit Mixed-Use Building Planned at 533 Mercer Street, Jersey City

Sequoia Development Group and GRID Real Estate are planning a 16-story, 300-unit mixed-use building at 533 Mercer Street, located on the corner of Jordan Avenue in the McGinley Square section of Jersey City. Dubbed 289 Jordan, it would include apartments ranging from studios to three-bedrooms, of which 56 units, or roughly 19 percent, would be designated as affordable. There would also be 4,000 square feet of retail space on the ground floor, Jersey Digs reported. Marchetto Higgins Stieve Architects is responsible for the design. Before the as-of-right project can rise, a collection of single- to three-story mixed-use structures must first be demolished.

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