A Jersey City-based developer is slated to take over one of the largest developments along the city’s waterfront as a pair of approved mixed-use towers on Hudson Street have new ownership
During their September 16 meeting, the Jersey City Redevelopment Agency (JCRA) approved a pair of resolutions related to Harborside 8 and 9. The two-phase development consists of residential and retail high-rises set to be built at a large surface parking lot at 3 Second Street and 242 Hudson Street.
The development, long been owned by Veris Residential after they acquired the assets of Mack-Cali, first gained approval for the first phase in 2020. The JCRA’s resolutions now designate two companies called HS-8 Holding Co. LLC and HS-9 Holding Co. as redevelopers of the site.
Both of those companies are subsidiaries of Panepinto Properties, the company behind a 53-story tower called Pathside in the Journal Square neighborhood that is nearing completion. Jersey Digs reported on construction work on Harborside 8 that finally began at the property over the summer, which will now be completed by Panepinto Properties.
Harborside 8 will rise on about half of a 169,000-square-foot surface parking lot and was designed by Boston-based Elkus Manfredi Architects. Set to top out at just over 708 feet at the highest point, the project will feature 680 residential units broken down as 206 studios, 266 one-bedrooms, 183 two-bedrooms, and 25 three-bedrooms.
Because the project’s approvals were obtained before Jersey City’s inclusionary housing ordinance was in effect, the development does not include any affordable housing component. But 329 parking spaces will be featured inside a garage within the building’s first eight floors, while the ground floor of Harborside 8 will sport two retail storefronts.
The entire 10th and 11th floors of Harborside 8 will be exclusively devoted to amenity space and among the included comforts are a yoga studio, a personal training area, a fitness center, children’s room, multiple collaborative work rooms, a maker space, a demonstration kitchen, an outdoor amenity terrace, a pool, golf simulators, a dog run, a club room, conservatory, dining area, and wine bar complete with catering kitchen.
Outside Harborside 8, a new road will be constructed just north of the development between the building and the remaining parking lot. A new lawn and plaza will be built along the east side of the building next to a drop-off area where the new road will dead-end.
Harborside 8 is the first phase of redevelopment set to take place at this sprawling surface parking lot, with the second component, known as Harborside 9, gaining approval last summer. The second tower will be a bit shorter at 57 stories but add an additional 579 residential units to the landscape intended to be classified as condominiums.
Those residences themselves will skew a bit smaller, breaking down as 96 studios, 307 one-bedrooms, 166 two-bedrooms, and 10 three-bedroom units. Unlike the first phase, Harborside 9 will include a 15% affordable housing component that will create 87 affordable units.
Besides the housing, 14,840 square feet of commercial space will be included on Harborside 9’s ground floor along and another enclosed garage at the complex will feature a total of 555 parking spaces.
Panepinto Properties has yet to officially announce the project, and a timeline for completion of the first tower remains unclear. Harborside 8 will be Jersey City’s sixth tallest building when completed, which will rank it just behind the recently completed One Journal Square.
