A massive multi-phased residential and retail project is proposed for 246 Johnston Avenue and the surrounding lots, just east of Interstate 78, in Jersey City’s Ward F. Documents from a June meeting of the Jersey City Redevelopment Agency show that a developer is planning for the new development to contain an undetermined number of residential units, 860 parking spaces, and 50,000 square feet of retail space.
In addition, plans include a cleanup of the Mill Creek Outfall, calling for a new 5 million gallon grand storm tank to be built, with a new public city park on top. The website of private equity investment firm Quadrum Global describes plans for a new ‘Crescent Park’ “with protected views of the Manhattan skyline and the Statue of Liberty”. Construction could begin in 2018, according to the website.
Additional details regarding the proposal have not yet been released.
Jersey City, New Jersey—where tall towers have popped up with some regularity for the past decade—is about to get another huge waterside development.
Private equity firm Quadrum Global is planning a 2,150-unit complex that includes 50,000 square feet of retail and a new public park for a now-vacant parcel. One available rendering of the development, called Crescent Park, depicts glassy 12-story towers curving around a lush park and waterway.
Just east of I-78 on the banks of Mill Creek Outfall, a Hudson River tributary, the development is roughly parallel with lower Manhattan’s Financial District. Future residents will live within walking distance of ferry service to Manhattan and the Hudson-Bergen light rail line.
Thanks Chris. It’s interesting that these are actually two different projects on opposite sides of Liberty State Park. The one in your first post, at 246 Johnson, is just north of the boundaries of the Liberty Harbor Redevelopment Area, just north of Liberty State Park. The second, on Caven Point Rd, is within the Liberty Harbor Redevelopment Area, just south of Liberty State Park. It’s incredible that this stretch of the waterfront has two 2000+ unit megadevelopments on tap!
I’m hoping that they renovate the train shed at the CRRNJ Terminal and turn it into something similar to the Ferry Building at the Embarcadero in SF. I think these coming developments are a good first step. Liberty State Park needs some serious TLC.
Argent Ventures sold this site (they appear to be more of a land banker than a builder in the JC area).
There is a lot of work ongoing on this site…or otherwise the other two Aetna St sites (that Argent also proposed projects on). I believe it’s just infrastructure and may be unrelated to the actual project. But here it is
Plans included a cleanup of the nearby Mill Creek Outfall and called for a new five-million-gallon grand storm tank to be built with a new public city park on top. The scheme never advanced much beyond the proposal phase, but Illinois-based Entact recently commenced remediation work at the property.
[ UPDATE: A representative from Argent Ventures clarified that Quadrum Global sold their ownership percentage to Argent last year.] Quadrum Global’s website lists the property as sold. The company has not responded to an inquiry we placed into the matter.
Clay McPhail of Argent Ventures added, “We expect remediation to be completed by end of December. Construction start date has not yet been determined.”
Developers planning a two-tower, mixed-use project near downtown Jersey City have completed the $10 million first phase of cleaning up their 18-acre brownfield site.
The joint venture between Argent Ventures and H&R Reit, dubbed the Cove, is scheduled to begin construction in 2022 following infrastructure upgrades and land-use permitting.
Sited along Aetna Street and Jersey Avenue near Liberty State Park, the project will consist of mixed-use residential, retail and life-science buildings, plus a two-acre public park.
Included in the next phase of development is a site elevation of 10 to 12 feet to reduce flooding and account for sea level rise, according to land use consultant Dresdner Robin, which leads environmental remediation at the site.
Included in the next phase of development is a site elevation of 10 to 12 feet to reduce flooding and account for sea level rise, according to land use consultant Dresdner Robin, which leads environmental remediation at the site.
Phase two is scheduled to begin in mid-2021. A saltwater tidal marsh will sit at the center of the development’s two-acre park and lead to Liberty State Park, which gets more than four million visitors each year.
Agreed. Significant not just because it’s redeveloping a giant swath of downtown, but the 2 acre park and the infrastructure improvements. I hope they push all the way through.
This looks amazing! Looks like an Amazon HQ 2 proposal. It gives us a sense of how big they are willing to go for this project. And with that new life sciences campus by Liberty State Park, JC is becoming a hub for it.
Wow! What a cool use of this land. Not your typical residential complex. The focus on generating employment in cutting edge science industries is more of what we need.
This looks stunning, JC continues to impress with forward-thinking projects. I’m excited to see such a huge amount of life sciences lab space, that will be a fascinating economic sector to watch in the next few years/decades so good to see JC getting in on that especially right next to SciTech Scity as the726 mentioned. Very impressive as JC continues to fill in the gaps in its urban fabric.
