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Truist closes $277 million construction loan for new 748-unit Urby tower in Jersey City
Aug 25, 2026 | Featured, Finance & Capital Markets, Residential & Mixed Use
Located at 201 Hudson St. in Jersey City, 201 Hudson – by Urby will be the second of three phases in a master-planned multifamily development, bringing another 748 units to the downtown Harborside district. — Rendering courtesy: Truist
By Joshua Burd
The developers of what will be the second Urby tower in downtown Jersey City have landed a nearly $277 million construction loan for the 748-unit residential project.
The lender, Truist, announced Monday that it provided the financing to the joint venture of Urby and Rockpoint as part of a deal arranged by Newmark. It’s a key step for the planned 69-story building at 201 Hudson St., which will rise in the city’s Harborside district alongside the site of Urby’s original project in New Jersey
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