New Jersey

Two-Million-Square-Foot Kearny Point Industrial Park to Get Modern Commercial Transformation, New Jersey

6:30 am on August 12, 2016 By Reid Wilson

Manhattan-based Hugo Neu Corporation has tasked design and engineering firms STUDIOS Architecture and WXY to convert the 130-acre, two-million-square-foot Kearny Point Industrial Park, in Kearny, into a modernized, mixed-use commercial campus. The industrial park is located in the town’s southern section sandwiched between Jersey City and Newark, in Hudson County, New Jersey. The plan is to preserve the existing industrial buildings and warehouses, many of which are historic, Real Estate Weekly reported. The conversion is expected to attract a wide variety of tenants, including businesses in need of office, manufacturing, storage, and/or industrial space, among others. The site was previously known as the Federal Shipbuilding & Drydock Company and served as the U.S. Navy’s fastest ship-building location in the world during World War II.

Financing Secured for 50-Story, 539-Unit Residential Tower at 90 Christopher Columbus Drive, Jersey City

6:30 am on August 11, 2016 By Reid Wilson

Ironstate Development and Panepinto Properties have landed $155.83 million in construction financing for their planned 50-story, 539-unit residential tower at 90 Christopher Columbus Drive (dubbed 90 Columbus), in downtown Jersey City. The tower will host rental apartments ranging from studio to three-bedroom configurations, averaging 789 square feet apiece, Real Estate Weekly reported. Amenities will include a swimming pool, children’s play areas, sports and entertainment rooms, residential lounges, and a library. The tower is the last phase of a multi-building complex, which includes the recently completed 50-story residential tower 70 Columbus and the 12-story, 152-key Marriott Residence Inn at 80 Columbus. Gwathmey, Siegel, Kaufman and Associates is behind the architecture. Foundation work is currently underway and completion is expected in 2018.

Nine-Story Building Constructed as Part of 160-Unit Mixed-Use Redevelopment, 609 Broad Street, Newark

6:00 am on July 26, 2016 By Reid Wilson

L+M Development Partners’s mixed-use conversion of the four-story, 400,000-square-foot Hahne & Co. building, located at 609 Broad Street, at the corner of New Street in downtown Newark, is in the final stages of construction. Photos of the construction progress can be seen in a Jersey Digs report. Construction appears to have wrapped on the outside of the existing four-story structure, which will contain a mix of residential, retail, office, and community space. A new nine-story building — located at the corner of Halsey and New streets — is currently receiving its façade. The new construction component will feature ground floor retail space and residential units above. Between the two building, there will be 75,000 square feet of retail space, 160 apartments (40 percent of which will be set aside as affordable housing), and 100,000 square feet of community and community use space (50,000 square feet of which will be institutional and dedicated to Rutgers University). Whole Foods Market is expected to open their new 30,000-square-foot store in the building in 2017, which is when the rest of the project should be complete.

17.5-Acre Berry Lane Park Opens to the Public in Jersey City

6:00 am on June 29, 2016 By Reid Wilson

Mayor Steven Fulop, with the Jersey City Redevelopment Agency (JCRA) and other officials, held a ribbon-cutting ceremony on Saturday for the 17.5-acre Berry Lane Park, located in the Bergen-Lafayette section of Jersey City. It is the both the city’s largest municipal park and the first new one in decades. The public park is the site of a former brownfield property bound by Garfield Avenue to the west, NJ Transit’s rail tracks to the south, and Woodward Street to the east. It features two basketball courts, two tennis courts, a baseball diamond, a soccer field, bike paths, and two plazas (one with a splash pad). Over 600 new trees have also been planted. The Department of Recreation is in charge of hosting community events and games in the park. The site once consisted of abandoned and underutilized industrial properties, although the city demolished many of the structures, then remediated and graded the land by 2014. Multiple concrete silos were preserved and utilized for the splash pond. Berry Lane Park is right across the street from NJ Transit’s Garfield Avenue Hudson-Bergen Light Rail station.

17-Story, 154-Unit Residential Tower Proposed at End of 14th Street, Palisades Park, New Jersey

10:00 am on June 21, 2016 By Reid Wilson

The Texas-based Limestone Hills Corporation is proposing a 17-story, 154-unit residential tower in the Bergen County, New Jersey borough of Palisades Park. It would be located in between the two current section of 14th Street. The developer is currently seeking a variance from the borough’s Zoning Board to build a tower six stories taller than currently allowed, NorthJersey.com reports. The proposed project would include one- and two-bedroom apartments and a 165-car, six-level parking garage, three levels of which would be underground. There would also be a surface parking lot along 14th Street. The 6.5-acre site was acquired for $1.8 million in 2011 via a bankruptcy court order. The swath of land is currently approved for an eight-story, 64-unit residential building. The plans are expected to be presented to the board this week.

Work Begins on Five-Story, 90-Unit Mixed-Use Development at 662 South 2nd Street, Plainfield, New Jersey

6:00 am on June 21, 2016 By Reid Wilson

Excavation work is now underway for a mixed-use project on the long-vacant 4.97-acre brownfield site at 662-758 South 2nd Street, in the North Jersey city of Plainfield. That’s in Union County. Under development is a five-story, 90-unit residential building, dubbed The Muse at Grant Avenue, and a single-story, 44,000-square-foot commercial building that will be leased to ABC Supply Company, according to NJBIZ. The units will range from one- to three-bedrooms, and below-market rate units are also included. Amenities include a parking garage, a fitness center, and a community room. The commercial building will serve as a distribution facility, featuring a staging area and 4,000 square feet of accessory office space. J.G. Petrucci Co. Inc. and TD + Partners are the developers. Completion on ABC Supply’s facility is expected later this year, while occupancy of the residential building is scheduled in 2018. The project is the city’s largest mixed-use development in 40 years. The site is located one mile south of NJ Transit’s Plainfield station.

Construction Wrapping on First 53-Story, 538-Unit Journal Squared Tower, 605 Pavonia Avenue, Jersey City

7:00 am on June 16, 2016 By Reid Wilson

Kushner Real Estate Group’s 53-story, 538-unit mixed-use building at 605 Pavonia Avenue, in the Journal Square section of Jersey City, is now fully clad. The tower’s construction crane has been removed, as seen in a photo posted on Instagram by the owners via the YIMBY Forums. The rental tower contains a very large parking garage as well as retail space. It’s the first of three towers in the Journal Squared mega-development, which includes additional 60- and 70-story sibling towers. The entire development will boast 1,838 residential units and 36,000 square feet of retail space. As for this first completed tower, which topped out in December of 2015, occupancy is expected by the end of this year. HWKN and Handel Architects are responsible for the design. The complex will be located a stone’s throw away from the neighborhood’s PATH station.

Developer Acquires Site of Planned 42-Story, 800-Unit Mixed-Use Tower at 500 Summit Avenue, Jersey City

6:00 am on June 10, 2016 By Reid Wilson

Back in August and December of 2014, YIMBY revealed two different conceptual designs for a planned mixed-use development at 500 Summit Avenue, in the Journal Square section of Jersey City. HAP Investments has recently closed on the acquisition of the site for $26.6 million, despite false reports that the developer purchased the property in 2014, Commercial Observer reported. It was also revealed that CetraRuddy will be responsible for the design, the same firm that produced the conceptual renderings YIMBY released in 2014. Planned is a 42-story, 800-unit tower with 30,000 square feet of retail space. The entire building will encompass 916,955 square feet, and the residential units, which will be rentals, should average 981 square feet apiece. There will be a 100-car parking garage. The 80,000-square-foot site consists of a parking lot and two dilapidated, two-story residential buildings.

43-Story, 376-Unit Residential Tower Rises on 14th Street in Newport Section of Jersey City

11:00 am on May 23, 2016 By Reid Wilson

Back in December of 2015, YIMBY reported on the groundbreaking of the planned 43-story, 376-unit residential tower, dubbed Ellipse, at the end of 14th Street in the Newport section of Jersey City. Now, the structure is four stories above street level, as seen in photos by JC_Heights via the YIMBY Forums. The new 444-foot-tall building will encompass 592,800 square feet and will include a retail component on the lower levels. The residential units will be rental apartments. LeFrak is developing the project, and Arquitectonica is behind its design. Completion is expected sometime in 2017.

Ground Broken for 90,000-Square-Foot Warehouse and Distribution Facility at 925 Julia Street, Elizabeth

6:00 am on May 18, 2016 By Reid Wilson

Developers Elberon Development Group and the Avidan Group have broken ground on a 90,000-square-foot warehouse and distribution facility at 925 Julia Street, located within Elizabeth, New Jersey’s northeastern industrial section near Newark Liberty International Airport. The structure will have two 45,000-square-foot units, featuring 36-foot-tall ceilings, up to 24 loading docks, and an 80-trailer parking lot. Pilot Freight Services has already signed a 45,000-square-foot lease in the building, according to Law.com. The site – bound by Julia Street, Henry Street, and Fairmount Avenue – has largely sat long vacant. Completion is expected in September.

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