A neighborhood that’s seeing massive redevelopment projects move forward will soon have another groundbreaking at a small lot that’s sat vacant for years.
In April last year, we reported on a proposal for a narrow property at 306 Johnston Avenue at the road’s intersection with Monitor Street. Back then, the Jersey City Redevelopment Agency’s Board of Commissioners designated a company called AM Development as the property’s redeveloper and formal plans for the site were submitted to the city in June.
The development, which complies with the existing zoning of the Morris Canal Redevelopment Plan’s TOD North District and does not require additional approvals, will rise five stories and 52 feet high. Designed by New York-based GRO Architects, the development will include eight residential units consisting of six two-bedrooms and two one-bedrooms.
No parking will be included in the development, but 760 square feet of retail will be featured on the ground floor of the building. 306 Johnston Avenue is also slated to feature an elevator and a rooftop amenity space, plus one of the residential units will be designated as affordable housing under the approvals.
City tax records indicate that 306 Johnston Street is not actually owned by AM Development, but instead by a company named 306 Johnston LLC that’s registered out of a house in Bayonne. According to a recent Instagram post by Jersey City-based realtor Ronald Roman, the companies will be “breaking ground soon” with a target of bringing the development to market in spring 2021.
The same post says that Eagle Nest Realty, who is based out of Cottage Street near Journal Square, has obtained exclusive listing rights to 306 Johnston Avenue.
Despite the renaissance, the area is still dotted with vacant properties that include a notable one at 125 Monitor Street. Jersey City recently fined and arrested one of the parcel’s owners following a myriad of safety and maintenance violations that have occurred there for several years, although a lawsuit involving the property’s sale is still ongoing.
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