The New Jersey Department of Community Affairs has awarded $985,000 to New Jersey Community Capital (NJCC) to facilitate the development, preservation, and enhancement of affordable housing, vocational programming, and community facilities in East Trenton.
Fairstead and LIHC Investment Group have announced plans for a six-story mixed-use development at 127 Orchard Street in Newark, New Jersey. Part of Essex Plaza, a 13-building residential complex, the new structure will replace a surface-level parking lot and yield 365,000 square feet with 241 units. Forty percent of these will be set aside as affordable units for households and individuals at 60 percent area median income (AMI). In practice, that equates an annual income of $64,400 for a four-person household.
Below-grade work is progressing at 425 Summit Avenue, the site of a 26-story mixed-use tower in the Journal Square neighborhood of Jersey City. Designed by Marchetto Higgins Stieve and developed by Spitzer Enterprises, the 356,000-square-foot structure will yield 390 residential units, around 3,800 square feet of ground-floor retail space, 3,660 square feet of amenities, and on-site parking for 51 vehicles. ZDG is the general contractor for the property, which is located at the corner of Summit and Sip Avenues, a short walk from the Journal Square PATH station.
Construction has passed the halfway mark on 413 Summit Avenue, a 19-story residential tower in the Journal Square section of Jersey City. Designed by Uforma and developed by Titanium Realty Group, the 125,000-square-foot structure will yield 148 units in studio to two-bedroom layouts, as well as 4,900 square feet of ground-floor retail space and on-site parking for 16 vehicles. The project is located on a plot between Sip Avenue to the north and Newkirk Street to the south, a short walk from the Journal Square PATH station with access to downtown Jersey City, the World Trade Center, Newport, Hoboken, Midtown, and Newark Penn Station.
Construction is rising on the Frank J. Guarini Justice Complex, a massive new government building at 595 Newark Avenue in the Journal Square neighborhood of Jersey City, New Jersey. Designed by bridging architect Rafael Vinoly and design-builder Terminal Construction Corporation, the five-story structure will yield 24 courtrooms, jury assembly spaces, and new offices for the Hudson County prosecutor, the surrogate, and the sheriff, among others. The $345 million development will also house a 75-seat public food court, a self-help law library, a children’s play area, training spaces, and a 459-space parking garage. MAST Construction Services Inc. is the general contractor for the facility, which is rising from an extensive plot bound by Central Avenue to the west, Route 139 to the north, Oakland Avenue to the east, and Newark Avenue to the south. The developers are aiming for LEED Silver certification.
