The Jersey City Redevelopment Agency was reported to have reached an agreement with Landmark Developers for the construction of a hotel on two separate tracts owned by New Jersey Transit last week, JerseyDigs reported. Jersey City-based Landmark Developers, which announced its redevelopment plans last year, intends to develop the two tracts at 269 and 273 Communipaw Avenue into the 120-room Morris Hotel with parking, a restaurant and coffee shop. JerseyDigs reported that New Jersey Transit has not announced plans to sell or redevelop the two tracts. Landmark Developers’ proposal for the Morris Hotel would make it the closest hotel to the Liberty State Park and Liberty Science Center. The site of the project is also immediately adjacent to a Hudson-Bergen Light Rail station and 10 minutes from the Exchange Place PATH station. If advanced, it would join a number of redevelopments and new tenants in the Bergen-Lafayette section of Jersey City, including Brooklyn-based Wallabout Realty Holdings’ 170-unit project on nine adjacent properties, Ironstate Development’s $84 million mixed-use project at 100 Monitor Street and craft distillery Corgi Spirits and 902 Brewing Company, to name a few. The Real Dealreported back in 2007 on Landmark Developers redeveloping a six-story Bergen-Lafayette industrial property at 125 Monitor Street into 180 loft condos, although a decade later that abandoned warehouse still remains undeveloped. [Jersey Digs]
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Jersey City advances developer’s hotel proposal near Liberty State Park
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