Jersey City Parking Lot Sells for $1.45M, 29-Unit Building Now Planned

26 Oakland Avenue Journal Square Jersey City
Site of proposed development: 26 Oakland Avenue, Journal Square, Jersey City. Photo via Google Maps/Street View.

Nearly seven months after a private parking lot in Jersey City was sold, a new development is being proposed for the premises.

An application for Preliminary and Final Major Site Plan approval was filed with the Jersey City Planning Board in regards to 26 Oakland Avenue, a property located at the corner of Washburn Street in Ward C. On Tuesday, January 7, the Planning Board is scheduled to hear a proposal to bring a six-story building to the site, according to a legal notice.

The proposed multi-family development would consist of 29 units. Parking would not be provided on the premises, which are situated roughly half a mile east of the Journal Square Transportation Center.

City tax data lists the owner of the parking lot as 26 Oakland Avenue, LLC, a firm registered out of an apartment in Hoboken. The company paid $1.45 million for the tract in June 2019, according to property sales records. The previous owner, The Guarini Foundation, reportedly paid $1 for the lot in March to 590 Newark Avenue, Inc.

A 26-unit version of the proposed development was on the agenda for the Planning Board’s December 10 meeting, but the meeting was subsequently canceled. The meeting on Tuesday is scheduled to begin at 5:30 p.m. at City Hall.

Note to readers: The dates that applications are scheduled to be heard by the Jersey City Planning Board and other commissions are subject to change.



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