On January 18, GRID Real Estate LLC announced that ground was broken for a new building at 136 Summit Avenue in the Bergen Hill neighborhood of Jersey City. The nine-story building will be comprised of 99 residential units, 75 interior parking spaces, and 2,240 sq. ft. of retail space. The former Fairmount Hospital building and adjacent parking lot currently occupy the site and will be demolished in order to accommodate the new construction.
New York-based Monticello Equities’ proposed $36 million project was approved by the Jersey City planning board in October of 2016 and is the first of a number of planned projects in Bergen Hill. The building, which will sit at the entrance to this neighborhood, was designed by Kushner Studios, of Manhattan, and has a modern design. Bob Antonicello of GRID Real Estate says the development has been embraced by the community.
