For years, 72 York Street in Jersey City’s Ward E has been an unassuming vacant lot used for private parking. However, this narrow property that sits within the Paulus Hook Historic District between Jersey City’s main post office and an office building could soon be transformed into the neighborhood’s latest mixed-use development.
A legal notice from City Hall shows that a company known as 374 Seventh Realty, LLC is planning to construct an eight-story building on the premises. The project plans call for the structure to include 11 residential units on the upper floors, with space reserved on the first floor for commercial, retail, or restaurant use.
NJ Parcels records show that the property was recently owned by Auricle Communications, Inc., which also owns WFMU 91.1 FM. WFMU’s Montgomery Hall facility is located on Montgomery Street behind this lot. However, a listing from Keller Williams states that the site was sold in May for $3.65 million after being marketed as a “prime development lot.” The new owner, which is also the project applicant, is registered out of Marine View Plaza in Hoboken.
The Jersey City Planning Board is scheduled to hear the developer’s plans during its meeting on Tuesday, July 24, at 5:30 p.m. 374 Seventh Realty, LLC is looking to obtain Preliminary and Final Site Plan approval in order to begin construction, along with variances such as minimum lot width, maximum lot coverage, and minimum distance for balconies from the rear yard line.