One of the largest redevelopment projects along the Hudson River in Jersey City will kick off next week as two real estate giants will begin work on a 58-story tower.
Goldman Sachs has owned two blocks at 50 and 55 Hudson Street since 2004 and had planned to develop office space at the site. But plans emerged last year to build a pair of residential towers on the properties, which are currently occupied by large parking areas.
Jersey Digs was the first news outlet to reveal renderings of the towers when they were approved last September. The high-rises will add almost 2,000 units and significant retail space along two of the last undeveloped blocks of Jersey City’s waterfront.
Goldman is teaming with New York-based Tishman Speyer on the project, the first portion of which will rise at 55 Hudson Street. An itinerary sent to local property owners from the companies reveals that site prep work is slated to begin in earnest October 16, with excavation of the existing parking lot set to commence two days later.
Designed by Handel Architects with MHS Architecture as the Architect of Record, the first phase will rise 637 feet at its tallest point and sport a six-story podium base. The initial portion consists of 1,017 dwelling units, breaking down as 298 studios, 514 one-bedrooms, 203 two-bedrooms, and two three-bedroom spaces.
A total of 62,749 square feet of retail will face the Hudson Street side of the building under the plan, which includes one large double-height storefront space.
A new parking garage with 378 parking spaces that includes 539 bicycle spots will be built under the 55 Hudson Street section, which includes a seventh-floor amenity deck with an outdoor pool, tennis courts, a dog run, garden area, and grilling sections.
55 Hudson’s 57th floor is also set to feature an amenity space that includes indoor and outdoor areas. The tower itself sports a glass-heavy look with significant curtain wall portions plus a podium that utilizes brick components.
The construction of 55 Hudson Street will additionally create a new plaza along Hudson Street across from the Hudson Bergen Light Rail trackage.
The second phase of the development at 50 Hudson Street will eventually rise across the way at an underground parking facility. That component will reuse the existing 467-space garage while adding a 42-story tower with a two-story podium that tops out at 476 feet.
The 924 units in the second portion are also planned to skew smaller, breaking down as 259 studios, 444 one-bedrooms, 221 two-bedrooms. The development of 50 Hudson Street will expand the existing retail and seating area along Morris Street by about an acre.
Despite the firm timeline as to when work will begin, the companies have not released any estimated completion date for either phase of the project.