Few details have been released, but a New York-based developer is looking to construct a mid-rise residential building on several properties it owns in the Bergen-Lafayette neighborhood of Jersey City’s Ward F.
Wallabout Realty Holding, LLC, which is based in the eponymous Brooklyn neighborhood, is behind a proposal for 87, 93, 95, 97, and 99 Van Horne Street and 72, 74, 76, and 78 Woodward Street. The lots consist of nine adjacent properties that sit alongside Berry Lane Park and the Hudson-Bergen Light Rail’s western spur in the Morris Canal Redevelopment Area. The company’s plans call for a new eight-story building to be constructed on the premises, according to the Jersey City Redevelopment Agency (JCRA). 170 units would be included on the development’s second through eighth floors should it receive the necessary approvals, though it is not yet known how the units would be priced. In addition, the first floor of the building and one underground level would contain parking for residents.
Nearly the entire site was acquired by Wallabout Realty Holding in 2016 for $4.25 million, though NJ Parcels records show that 95 Van Horne Street was acquired separately for $350,000. The lots are largely vacant but have contained several houses and abandoned industrial structures that were once used by the McConnell Coal Company. A fire damaged a house at 72 Woodward Street in 2015, according to a report published by The Jersey Journal at the time.
The company was initially slated to make a presentation before the JCRA’s Board of Commissioners during its July 17 meeting and be designated as the site’s redeveloper, but the agency’s website states that the meeting did not occur since they “failed to achieve a quorum.” The meeting was subsequently adjourned to July 24 but is now scheduled for today at 5:00 p.m.
