Just a few blocks from the recently begun Ellipse tower is an empty lot where another new tower will soon begin rising. Located at 75 Park Lane South, the new 37-story tower was designed by Marchetto Higgins Stieve in collaboration with Woods Bagot.
The project will bring 359 residential units and 7,248 square feet of retail to the area. Currently, the units are planned as luxury condos.
The development site, along with another at 2 Shore Drive North, was purchased in July 2015 by Strategic Capital, a subsidiary of China State Construction Engineering Corp.
In April 2016, the Jersey City Planning Board approved the project’s final major site plan giving the go-ahead to begin the construction process. No official timeline is set for the project yet but according to the Marchetto Higgins Stieve website, there’s an estimated completion date of 2018.
[gmap height=”250px”]75 14th St, Jersey City, NJ 07310[/gmap]
75 Park Ln S, Jersey City, NJ 07310
