Demolition Ongoing for Six-Story, 27-Unit Mixed-Use Project Planned at 500 Palisades Avenue, Jersey City
Hoboken-based Urban Square Properties is moving forward with demolition work to make way for a six-story, 27-unit mixed-use building at 500 Palisades Avenue, located on the corner of Bowers Street in The Heights section of Jersey City. The project will include 2,834 square feet of ground-floor commercial space, as well as a gallery. There will also be a 14-car parking garage, Jersey Digs reported. Lee Levine Architects is behind the design. The project was approved in May by the city’s Zoning Board. Urban Square then purchased the property, previously owned by CLG Properties, for roughly $1.9 million during the summer. A targeted completion date has not been revealed.