Goldman Sachs and Tishman Speyer could add two new residential contenders on the Jersey City waterfront.
The bank and the developer submitted plans to redevelop parking garages at 50 and 55 Hudson Street in Jersey City, Jersey Digs reports. If approved, the two Handel Architects-designed towers will bring nearly 2,000 apartments and 75,000 square feet of retail to the Jersey City riverfront.
The larger of the project, 55 Hudson, would be a 58-story tower on a six-story podium base. It would include 298 studio apartments, 514 one-bedrooms, 203 two-bedrooms and two three-bedrooms. The residential units would sit atop 63,000 square feet of retail space.
The next phase of the development, 50 Hudson, would reuse an existing parking garage on the property and add a 42-story tower. It would contain 924 apartments, divided up as 259 studios, 444 one-bedrooms and 221 two-bedrooms. Beneath the residential units, the building will house 12,000 square feet of retail space.
In their current state, the two sites are parking garages separated by tracks for the Hudson Bergen Light Rail system. Neither requires a zoning variance, as they fall inside the Colgate Redevelopment Area. The towers don’t trigger Jersey City’s inclusionary housing ordinance, so all the apartments would go for market rates.
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Goldman Sachs has had a major presence in Jersey City since 2004, when it opened a headquarters at 30 Hudson Street. That was the tallest building in the state for 14 years until it was supplanted by the 889-foot 99 Hudson.
The Jersey City Planning Board will evaluate the proposal at its meeting on Sept. 20.