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.
Marchetto Higgins Stieve
Lenox, a new residential building at 207 Van Vorst Street, is opening its door for tenants in Jersey City’s historic Paulus Hook. The neighborhood is near the Hudson River, and sits across from Manhattan’s Downtown skyline.
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.
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.
An LLC is proposing to convert the abandoned Bethesda Baptist Church at 162 Mercer Street, located within the Van Vorst Park section of downtown Jersey City, into 10 condominium units. The project would utilize the former house of worship and the attached three-story rectory. Exterior alterations would include changes to the windows and roofs.