A new four-story mixed-use building is proposed for 712-714 Grand Street, near the corner of Summit Avenue, in the city’s Ward F. A public notice states that the building is slated to include nine market-rate residential rental units atop 500 square feet of commercial space. 1,296 square feet of parking are also planned as part of the development.
The project developer, Zenith Grand Apartments, LLC, is based out of the Clifton, Passaic County offices of BuildPro Construction. Zenith Grand will receive a five-year tax exemption from the City of Jersey City, and will pay $16,194 to the Jersey City Affordable Housing Trust Fund.
Previously, Torres Rims and Accessories operated a location at the site. However, the property has sat vacant, overgrown with shrubbery and surrounded by fencing and neighboring buildings, for nearly a decade since the store was demolished. A similar development was proposed for the site in 2007, and was approved by the Jersey City Planning Board at the time. However, construction never began on the project. NJ Parcels property records show that Zenith Grand acquired the tract in April for $620,000 from a Weehawken family. Recently, a ‘coming soon’ sign advertising the development as ‘Grand Apartments’ was posted along the fence, as well as a sign for BuildPro Construction.
The lot is located within a business district known as ‘The Junction’, where several major thoroughfares like Grand Street and Communipaw, Garfield, Summit, Randolph, and Arlington Avenues come together. NJ Transit buses 1, 6, and 81 connect the area with Newark, Journal Square, Bayonne, and Exchange Place.
Just one block away, another new mixed-use building is slated to be built, and a ‘restaurant row’ is planned for the neighborhood, showing the rapid changes suddenly coming to this part of the city.