Argent Ventures, H&R advance 18-acre Jersey City development

Brownfield site to include residential, retail and life-science properties

Tri-State /
Apr.April 05, 2021 07:00 AM
A Jersey City development meant to update sewer infrastructure, build climate resilience and create a two-acre park has completed phase one of environmental cleanup. (Aerial via Ennead Architects)

A Jersey City development meant to update sewer infrastructure, build climate resilience and create a two-acre park has completed phase one of environmental cleanup. (Aerial via Ennead Architects)

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.

(Map via Ennead Architects)

(Map via Ennead Architects)

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.

Jersey City’s sewer system will also get an update as part of the project, birthed by the Grand Jersey Redevelopment Plan.

“The sewer improvements are a crucial early component to the Cove and its eventual completion,” said Chris Collins, project manager at Dresdner Robin.

Like New York City, Jersey City has a combined sewer system in which sewage from homes and businesses mixes with rainwater runoff. When the capacity of the underground pipes are overwhelmed by storms, the overflow pours into the Morris Canal, then into the Hudson River.

A dual-pipe system, to be designed as part of the Cove’s next phase, “will be the first of its kind in Jersey City” and will improve water quality downstream, said Collins.

The Cove involves a joint effort between Argent and Jersey City’s Redevelopment Agency and Municipal Utilities Authority to prevent sewer overflows, provide tidal flood resiliency for much of downtown Jersey City, and remediate a polluted site.

“This is not a typical redevelopment project,” said Douglas Neumann, director of environmental services at Dresdner Robin. “It is without question the most complicated remedial project that I have been involved with.”

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.

A road connecting Jersey Avenue to Liberty State Park is scheduled for completion in 2022. Across from the Cove site, a 32-story mixed-use building is under construction at 88 Regent Street, reportedly by developer Peter Mocco.





    Related Articles

    arrow_forward_ios
    Celebrity broker Ryan Serhant is renting his Hudson Square penthouse. (Serhant)
    Ryan Serhant rents Lower Manhattan penthouse for $15K
    Ryan Serhant rents Lower Manhattan penthouse for $15K
    JLL CEO Christian Ulbrich. (Getty)
    JLL explores sale of China property management wing
    JLL explores sale of China property management wing
    Birmingham and Bournemouth both saw a giant increase in demand. (Getty)
    Demand for rentals rises in UK’s largest cities in Q1
    Demand for rentals rises in UK’s largest cities in Q1
    This Arkansas compound  sits directly across from the University of Arkansas football stadium. (Getty, Realtor.com)
    Arkansas’ priciest home lists near Fayetteville football stadium
    Arkansas’ priciest home lists near Fayetteville football stadium
    Philip Falcone and his homes at 142 Crestview Lane in Sagaponack and  22 East 67th Street (Getty, Corcoran, Google Maps)
    Foreclosure on Phil Falcone’s homes can move forward
    Foreclosure on Phil Falcone’s homes can move forward
    BHS CEO Bess Friedman, Sotheby’s CEO Philip White REBNY head James Whelan, Douglas Elliman executive chairman Howard Lorber and Corcoran CEO Pamela Liebman (Getty, iStock)
    Broker fee ban an “error,” court rules
    Broker fee ban an “error,” court rules
    Christopher Riccio
    Christopher Riccio joins Douglas Elliman, bids Leslie J. Garfield farewell
    Christopher Riccio joins Douglas Elliman, bids Leslie J. Garfield farewell
    Dollar General CEO Todd Vasos (Retail Industry Leaders Association, iStock)
    Dollar General thrives amid retail apocalypse
    Dollar General thrives amid retail apocalypse
    arrow_forward_ios

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

    Loading...