7-Story Building Could Bring 64 Units to Broadway in Bayonne

554 556 Broadway Bayonne
Site of proposed development: 554-556 Broadway, Bayonne. Photo via Google Maps/Street View.

Lined with stores and restaurants on both sides, Broadway in Bayonne still largely resembles business districts in other Hudson County communities such as Kearny Avenue in Kearny, Central Avenue in Jersey City, and Harrison Avenue in Harrison. All four of these corridors tend to feature older buildings that are only a few stories tall and largely have a mixture of locally owned and chain businesses on the ground floor.

However, the state of real estate in Hudson County is continuing to change, especially in Bayonne, where the city is seeing more proposals for new development. For instance, on Broadway alone, an eight-story building is rising near the corner of West 22nd Street, a 10-story building is coming at the intersection of West 46th Street, and a six-story building called 19 East now stands just a stone’s throw away from this central thoroughfare.

Now, continuing with this recent trend to construct taller buildings in Bayonne, a new seven-story development could be built in the city, rising 83 feet over Broadway. The building is slated for 554-556 Broadway along with four neighboring properties on East 25th and East 26th Streets, according to a legal notice from February 27.

The proposal by EOM 554 Broadway Urban Renewal, LLC is expected to go before the Bayonne Planning Board on Tuesday, March 12, since the company is seeking Preliminary and Final Site Plan approval in connection with their application.

Inside, according to the notice, the proposed building would include 64 units, 2,950 square feet of commercial space on the ground floor, a fitness center, a sauna, and bicycle storage space. There would also be a neighboring parking structure “constructed by the City” that will include 66 spaces that would be leased by the developer.

The tracts currently contain a house, a public surface parking lot, and a two-story building that used to be occupied by law offices and a Mandee clothing store. Property records show that two Bronx-based firms that also have “EOM” in their names acquired the two-story building last March for almost $2 million and the house for $365,000. EOM Realty, LLC was designated as the redeveloper of the properties last year and also entered into a “parking agreement” with City Hall, according to documents from the Bayonne Municipal Council.

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



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