Namdar Group has closed on a $160 million bridge loan for 9 Homestead Place, a 27-story residential tower at 618 Pavonia Avenue in Jersey City. Designed by C3D Architecture, the structure will yield 432 rental apartments, 10,000 square feet of ground-floor retail space, a 21,000-square-foot office component, and a collection of amenity spaces.
The Namdar Group
Namdar Group, a family-owned developer based in New York City, has closed on a $96 million financing package to complete a new high-rise residential building in Jersey City. The property is located at 26 Van Reipen Avenue and will eventually support a 27-story building with 235 rental apartments and ground-floor retail.
This week, C3D Architecture unveiled a trio of new renderings for 618 Pavonia Avenue, a 27-story mixed-use tower in Jersey City. Now under construction, the tower will join Homestead Place, a seven-building master development from Namdar Group that will eventually comprise over 2.1 million square feet, one of the largest ongoing construction projects in the city.
Renderings have been released for the third and final phase of Namdar Group‘s three-tower, 777-unit mixed-use development in Journal Square, Jersey City. Designed by C3D Architecture, 618 Pavonia Avenue will join the 20-story 26 Cottage Street and the 27-story 26-28 Van Reipen Avenue, all high rises connected by Homestead Plaza, a pedestrian plaza within walking distance of the PATH station. 618 Pavonia Avenue is set to rise 293 feet and 27 stories.
Renderings have been revealed for the upcoming high-rise at 26 Cottage Street in Jersey City’s Journal Square. Located mid-block between Summit Avenue and John F. Kennedy Boulevard, the new development will rise 223 feet high in a low-scale residential neighborhood within walking distance to the Path train. The 20-story 26 Cottage Street is one of three towers in development by the Namdar Group, a Long Island-based developer. The other two are 35 Cottage Street across the street and 26-28 Van Reipen Avenue on the next block to the south. C3D Architecture is responsible for the design.