For months, the east end of Monitor Street in Jersey City has been a construction site, with crews working to construct the sister project of the Garabrant development. However, it turns out that this might be just the beginning of the work that is envisioned for this corner of Bergen-Lafayette.
Point Capital Development, a company with ties to the Garabrant building at 121 Garabrant Street and the upcoming eight-story development at 132 Monitor Street, is now looking to construct another eight-story building at 118, 120, 122, 124, and 126 Monitor Street.
Jersey City Redevelopment Agency records show that the firm is planning 70 apartments, including studios, one-bedroom units, and two-bedroom units, along with a roof deck and patio at the site. The documents do not specify how the apartments would be priced.
The developer’s plan is “to form an interconnected community with shared services” between the three buildings, according to a JCRA agenda, which notes that “residents will be able to share the gym and lounge space of the adjacent buildings.”
During its meeting on December 21, the JCRA’s Board of Commissioners adopted a resolution that formally designates Point Capital Development as the redeveloper of the premises, which currently sit vacant within walking distance of the Hudson-Bergen Light Rail’s Liberty State Park station.
All present commissioners reportedly voted in favor of the resolution while Commissioners Donald Brown, Erma Greene, and Darwin Ona were marked absent.
