Ground has broken at 39 New York Avenue, in Jersey City, for a new multi-family residential property. Developer The NRP Group has partnered with Hoboken Brownstone Company to bring 131 units with a mix of studio, one-bedrooms and two-bedrooms to market by 2020. 39 New York Avenue will be The NRP Group’s first project in Jersey City.
Whether driving out from the Holland Tunnel, or taking I-78 East or Route 9 into Jersey City, the sight of Journal Squared, designed by HWKN/Hollwich Kushner and Handel Architects and developed by Kushner Real Estate Development, is hard to miss from the highways. Perched on the high hills above the PATH train station to the west of the downtown district, the views and sights of both Jersey City and Manhattan are unbeatable from the top floors. For the past couple of months, work has significantly geared up on the second phase of the complex, which will imminently yield a 72-story residential tower standing 759 feet.
Today YIMBY has the reveal for exclusive new renderings of Hamilton House Phase Two, designed by Fogarty Finger Architecture. Located in Jersey City, The Shuster Group development will add to the neighborhood’s amenity-rich residential stock overlooking the Lower Manhattan skyline.
With several more floors left to add, Jersey City’s 99 Hudson Street is almost at its final pinnacle 900 feet above street level. While the crown remains to be completed, it has now officially surpassed 30 Hudson Street, the 781-foot home of Goldman Sachs two blocks to the south, which has held the title of the tallest skyscraper in New Jersey since its completion in 2004.
Until 2017, residential development in downtown Newark was largely a figment of developers’ imaginations. Over the decade prior, proposals were ambitious but financing was scarce. The one project that had gained financing, Eleven80, a rehabilitation-and-reuse of a long dormant former office building, had gone into foreclosure in 2009, reemerging several years later as a diamond in the rough, Downtown’s lone successful project. Meanwhile, supporting retail was extremely limited.
