A proposal that would add two connected high-rises next to Jersey City Medical Center could take a big step forward tonight as officials will vote on selling the vacant city-owned property to a developer.
The Jersey City Redevelopment Agency (JCRA) is holding a special meeting on January 25 where a presentation will be made by Grand Jersey Group LLC. The West Orange-based company is looking to revitalize an entire block of Grand Street just west of Monmouth Street, which is sandwiched between the medical campus and a PSE&G substation.
The JCRA is looking to sell the property to the redeveloper for $30 million via a resolution that would get the ball rolling on the land’s revitalization. The parcel was once used as an unregulated landfill until the 1980s, according to records and reports from the Department of Environmental Protection.
The resolution on the matter says that the redeveloper “proposes to develop, finance, and construct a mixed-use project consisting of approximately 600,000 total square feet,” that would include approximately 515 rental apartments. 8,000 square feet of ground floor retail space would be featured at the project, which falls within the Grand Jersey Redevelopment Area.
Under the terms of the resolution, the developer would take on the infrastructure responsibilities and costs associated with the project. The development of the parcel would also add sidewalks to the land and improve access to the Jersey Avenue station on the Hudson Bergen Light Rail.
In terms of off-street parking, up to 720 parking spaces in a garage could be included in the eventual plan per wording included in the JCRA resolution.
Renderings of the project obtained by Jersey Digs show the two high-rises on the eastern section of the property, with the garage portion on the western side. Further amendments to the Grand Jersey Redevelopment Plan could be needed before the proposal moves forward.
For now, the JCRA’s special meeting is being held tonight inside Explorer Middle School at 180 Ninth Street. The meeting begins at 5 p.m., and the Grand Jersey Group presentation is the first item listed on the agency’s agenda.