Four Towers, 2,360 Units Proposed for the Edge of Downtown Jersey City
While the company’s subsidiary, Bates Redevelopment LLC, was designated a redeveloper at the JCRA’s November 21 meeting, their vision for the area has changed significantly. Designed by New York-based Studio V Architecture, Manhattan Building Company is now proposing 2,360 rental units in four towers that rise fifty stories each, with shorter three and four-story sections designed to look like brownstones in the area connecting the high-rise portions.
Several of the towers employ a tiered design and are more slender than the “wall” of buildings that’s allowed under current zoning, a move the developer says was made to preserve the city’s view corridor. The development would be built between Center and Bates Streets, feature some retail space, and include one indoor parking spot for every two units, for a total of 1,180 spaces.
To build its proposed vision, Manhattan Building Company would need to utilize bonuses within the Bates Street Redevelopment Plan. 360 units are permitted at the properties without the bonuses, so adding an additional 2,000 units to the project would generate $11 million in fees towards an Open Space Trust. Possible uses of the funds, according to the presentation, include adding a spray park and basketball courts at the Booker T. Washington apartments, making improvements to Van Vorst Park, or the development of a community center somewhere in Ward F.
Manhattan Building Company additionally told residents during the meeting that they would make a $2.5 million donation towards building a world-class recreation center, also in Ward F.
…already speaking to the state’s Department of Transportation about the possibility of cleaning up the highway’s underpass to create a walkable corridor to Gateway Field.
Manhattan Building Company stated during the meeting that they aren’t looking for any type of tax abatement and are committed to providing job opportunities for local minority contractors by working with Jersey City’s Office of Diversity.
Manhattan Building Company says they are willing to make significant infrastructure upgrades to move the project forward through the establishment of a Special Assessment District (SAD). All property owners in the area would need to agree and sign off on the SAD, which would raise four blocks of roads, including Center Street, to prevent flooding. The work would also separate an existing combined sewer in the area into two systems, remove combined water lines, and build new stormwater and sanitary systems. The work is estimated to cost around $15 million and would be paid for by the developer, who would install the infrastructure in phases as the project gets built out.
More info in the link above! This is amazing news. They are really investing in the neighborhood and hopefully the meeting they have with the community goes well. This is great and will bring life to an area that needs redevelopment. I’m excited to see what they have planned about a walkway/ corridor in the highway underpass next door! I do hope they raise the amount of affordable housing from 20% to something more (35%?) considering how many units they are proposing (2,360).