Another new mixed-use development could join Bayfront, University Place, and the projects along Bennett Street that are set to contribute to the residential boom that is coming to the area of Jersey City’s West Side just east of Route 440.
The project is being proposed for the large tract at 100 Water Street, which stretches from Claremont Avenue past Yale Avenue to Clarke Avenue. City records show that the plans call for the development to be constructed in three phases.
Phase I would include a new five-story mixed-use building with 233 residential units, 7,763 square feet of retail space, and two parking lots with a combined 123 that would be temporary. Yale Avenue, which currently ends just west of Mallory Avenue, would be extended to Bennett Street, and a new connector road between Claremont Avenue and the proposed Yale Avenue extension would be constructed.
Phases II and III are set to include the development of two new buildings, each of which would be seven stories tall. While one would contain 310 residential units and 11,057 square feet of retail space, just 78 residential units and 9,638 square feet of retail space would occupy the other. A new parking garage that would be six stories tall with 373 parking spaces would also be built as part of the plans.
The property is located within Ward B’s Water Street Redevelopment Plan Zone, which is undergoing a transition from being an industrial and residential part of the city to containing more residential and retail space. This site, which is surrounded by fencing, was previously home to multiple buildings that were used for various industrial and automotive-related purposes, including Zone Towing and Recovery, 1 Extreme Towing, Lucan Enterprises, Avanti Bus Tours.
However, The Jersey Journal reported in 2015 that the owner of 1 Extreme Towing was suddenly told to move his business out of the site within a month in order for the property to be redeveloped. All of the structures on the premises, which, according to NJ Parcels records, are owned by CWY, LLC, were demolished last year.
The developer, 100 Water Street Development, LLC, which was registered with the State in 2016 out of Hoboken, is seeking Preliminary and Final Major Site Plan approval for Phase I and Preliminary Site Plan approved for Phases II and III. The case is set to be heard by the Jersey City Planning Board during its meeting on Tuesday, August 15th at 5:30 pm at City Hall.