18-Story Building Could Replace Parking Lot in Jersey City

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198 Academy Street Jersey City
Site of proposed development: 198 Academy Street, Journal Square, Jersey City. Photo via Google Maps/Street View.

A surface parking lot near Journal Square and McGinley Square could become the site of Jersey City’s latest mixed-use tower should a developer’s proposal advance.


Plans that were submitted to Jersey City’s municipal government by a law firm representing Vaishno Ma Summit U.R., LLC call for an 18-story building to be constructed at 198 Academy Street, which is situated at the corner of Summit Avenue. The site is located next to the 69-unit Altura building near Jersey City Municipal Court.

The project’s principal points statement says that 223 apartments, 850 square feet of retail space, 28,230 square feet of office space, a lounge area for residents, a co-working area, and a “rooftop amenity penthouse” are all planned.

There would be 95 studios, 84 one-bedroom units, 39 two-bedroom units, and five three-bedroom units, according to the statement. The developer’s application does not indicate that any “affordable housing units” would be created.

Vaishno Ma Summit U.R., LLC’s application for preliminary and final major site plan approval with variances was originally scheduled to go before the Jersey City Planning Board on February 2, but the agenda for the meeting on that date states that the matter has been carried to the meeting on February 16.

Sachin Gupta is listed in an October 2020 ownership disclosure certification that was released by the municipal government as holding 100 percent of Vaishno Ma Summit U.R., LLC’s ownership.

Note to readers: The dates that applications are scheduled to be heard by the Jersey City Planning Board and other commissions are subject to change.

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5 COMMENTS

  1. Low rise neighborhood? Summit Ave? Block away is a 16 story. On Summit a 26 and 18 stories was approved literally 2 blocks away on the same street. It’s next to a building as well… Perfect location for a 18 story. Would love to see how it will look…

  2. That’s what I’m talking about, keep it coming. The potential of JSQ is endless when enough new residents with good disposable income move in. There is so much useless commercial spaces all over journal square that can one day be a flourishing…it’s not far away…I can almost taste it along with the new delicious food that’s going to be coming!

  3. the Jackson Square neighborhood is being completely skipped over for residential development and services other than the erection of city services buildings. no influx of good residential development ensures no viable businesses are established that can bring valuable services to the citizens of this area who currently have no resources outside of bodegas, liquor stores, and beauty salons. .
    .

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