Ironstate Looks to Sell Grove Street Development Site in Jersey City

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101 Grove Street Jersey City Development Rendering
Ironstate previously proposed a 10-story development with 131 rental units at the site. Rendering via BlueGate Partners listing.

One of the more prolific names in Hudson county real estate is looking to offload a Downtown property that they had once hoped to develop into a mid-rise building as a complement to their nearby high-rise.

Ironstate Development announced their plans almost half a decade ago for a parcel at 101 Grove Street. Clocking in at .523 acres, the Hoboken-based company was looking to construct a 10-story development with 131 rental units at the site.


101 Grove Street Jersey City
101 Grove Street in Jersey City is currently a vacant lot. Photo by Chris Fry/Jersey Digs.

The land is across the street from Ironstate’s 235 Grand Street development, a 45-story project that wrapped up last year. Work on that project included the formal expansion of Grove Street from what was its southern terminus at Grand Street, which had the effect of turning the vacant 101 Grove Street parcel into a corner lot.

While no official announcement has been made, Ironstate has quietly started marketing the undeveloped parcel through New York-based BlueGate Partners. A listing describes the lot as a “22,780 square foot transit-oriented development site” that is zoned for retail, office, hotel, and residential uses.


101 Grove Street Jersey City Aerial
Image via BlueGate Partners listing.

BlueGate says that 101 Grove Street’s as-of-right zoning allows for 148 units and the land falls within Jersey City’s Liberty Harbor North Redevelopment Plan. Some new renderings are included in the listing, although they appear to be conceptual. The price of the property is not disclosed.

101 Grove Street Jersey City Development Site For Sale
Rendering via BlueGate Partners listing.

The move comes at a time when Ironstate seems to be shifting their attention to neighborhoods outside of Downtown. We exclusively reported back in February that the company’s 25-story Journal Square Urby is set to break ground during 2020’s first quarter and Ironstate had also hoped to start construction on their 186-unit 800 Monroe Street development in Hoboken by the end of the year.

However, the company certainly isn’t abandoning the Jersey City waterfront. The second tower of their partnership with Mack-Cali, Jersey City Urby, is still in the works and looks to be going back before the city for a site plan approval later this year.

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2 COMMENTS

  1. Overall looks like a smart move. The high rise market is going to be shaky for a bit as people wrap their heads around the pandemic. Specially once things clear up I would expect a significant number of people exiting high rise developments and escaping to the burbs.

    Now I’m not predicting doomsday scenarios like some alarmists but a slowdown would make sense. So yeah…makes sense to sell downtown and focus on areas like JSQ where there is plenty of room for growth and less downside risk.

    My boys at Ironstate know what’s up…while Mack the Hack will probably lose a bunch of money downtown before DeMarco gets canned.

  2. Really sloppy reporting. Ironstate is already in contract to sell this parcel to China Construction America…you literally reported on the JCRA hearing about this the other day. This property is also known as “One Grove” or “221 Grove St.”

    It’s the same 12-story, 148-unit, 0.52-acre (22,700 sq ft) development.

    The property in your picture above isn’t even owned by Ironstate, but by the Brownstone Condominium Association that also owns the building next door.

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