The Real Deal Tristate

Amid resistance, developer charts downtown Jersey City redevelopment

July 17, 2019 05:53PM

Hoboken-based Manhattan Building Company, the developer behind Cast Iron Lofts and the recently traded Soho Lofts in Jersey City, is now facing pushback from local residents as it seeks to build 2,360 units on the edge of the city’s downtown, JerseyDigs reported. Manhattan Building submitted plans in June to the Jersey City Planning Board to redevelop nine acres along Bates Street and the New Jersey Turnpike extension, where it plans to construct four towers of between 23 and 50 stories. The master plan, designed by New York-based Studio V Architecture, includes a ground-level retail component and 1,180 indoor parking spaces. Manhattan Building claims that the development, if built, will generate $11 million in fees toward an Open Space Trust and include 20 percent affordable housing. RE-NJ recently reported that the project remains in its infancy and the developer still lacks the proper entitlements. But Manhattan Building, which has delivered roughly 800 rentals in an area known as South of Hoboken (Soho), has started working with Jersey City to change existing zoning restrictions for the redevelopment zone. [JerseyDigs]