Retail establishments sign on to Jersey City’s development boom

TRD New York /
Apr.April 02, 2019 03:49 PM

The Rivet, one of the newest luxury apartment developments in Jersey City, unveiled this week ground-floor leases with five retailers totaling 9,500 square feet, ROI-NJ reported. The Hampshire Companies, Claremont Companies and Morristown-based Circle Squared Alternative Investments are jointly developing the property at 23 University Place, which has 163 luxury rental apartments ranging from about $1,600 to $3,000 per month. The new retail tenants at the Rivet include a Five Guys restaurant, Carvel ice cream, a pharmacy, a nail salon and a health care center, as noted by NJBiz. On the other side of town, Jersey City’s Harborside District recently welcomed the opening of a new food hall called District Kitchen that will be home to 13 different vendors. The complex is owned by Jersey City-based developer Mack-Cali Realty, which recently sold off a nearly $500 million portfolio to focus on its Garden State holdings. Local real estate website JerseyDigs noted this week that a Sweetberry Bowls cafe has set up shop in Jersey City’s Newport Tower. The Real Deal reported in February on the rush of developers undertaking massive residential projects in Jersey City. [ROI-NJ]


Related Articles

arrow_forward_ios
Onyx Equities' Jonathan B. Schultz (left) and John Saraceno, Jr. with 7 Sylvan Way (right) and 8 Campus Drive in New Jersey (Onyx Equities)

Onyx Equities acquires massive New Jersey office portfolio for $160M

Onyx Equities acquires massive New Jersey office portfolio for $160M
As more New Yorkers escape to the suburbs or Florida, some of their brokers are going with them. (iStock)

Following the money, NY brokers seek licenses in other states

Following the money, NY brokers seek licenses in other states
Renters continue their tri-state bookings, eliminating the post-Labor Day slowdown (iStock)

In Hamptons and elsewhere, season no longer ends on Labor Day

In Hamptons and elsewhere, season no longer ends on Labor Day
Extell Development president Gary Barnett and Kushner Companies founder Charles Kushner with a rendering The Lofts at Pier Village in New Jersey (Rendering via Extell Development)

Kushner Cos. buys Gary Barnett out of development on NJ waterfront

Kushner Cos. buys Gary Barnett out of development on NJ waterfront
New Jersey Gov. Phil Murphy, New York Gov. Andrew Cuomo and Connecticut Gov. Ned Lamont (Credit: Murphy by Bennett Raglin/Getty Images for Montclair Film; Cuomo by Spencer Platt/Getty Images; Lamont by Bonnie Biess/Getty Images for SiriusXM)

Cuomo joins forces with Connecticut, NJ governors to combat coronavirus

Cuomo joins forces with Connecticut, NJ governors to combat coronavirus
Lucy the Elephant is for rent (Credit: iStock)

New Jersey’s most famous zoomorphic attraction is up for rent on Airbnb

New Jersey’s most famous zoomorphic attraction is up for rent on Airbnb
An aerial view and a rendering of The Element at 400 Claremont Avenue (Credit: Google Maps)

Jersey City mixed-use project lands $120M in financing

Jersey City mixed-use project lands $120M in financing
Meadowlands Arena (Credit: Google Maps and iStock)

NBC spends $750K to transform arena in New Jersey swamp

NBC spends $750K to transform arena in New Jersey swamp
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...