A group of properties near the Hackensack River and Route 440 in Jersey City could possibly become home to a complex consisting of multiple uses should a recently released plan come to fruition.
The Board of Commissioners of the Jersey City Redevelopment Agency (JCRA) voted last week to approve a resolution designating a firm called 1033 Communipaw Avenue, LLC as the redeveloper of multiple tracts on the west side of the city.
The resolution, which also authorized the execution of a funding agreement, shows that the company is planning to build a one-story 84,000 square foot light industrial distribution center and a 14-acre waterfront park with a walkway. Close to 18,000 square feet of “industrial flex, office, and retail space” along with a separate 16,000 feet of “office and retail space” could also come to the premises, according to the resolution.
A conceptual rendering from Dresdner Robin that was presented to the JCRA and obtained by Jersey Digs lists the Alessi Organization as the project owner and applicant.
The properties in question are situated near the Hudson Mall, Hudson Commons, and the Lincoln Highway Bridge. Municipal tax filings show that the ownership of the tracts, including 1033, 1115, 1141, and 1151 Communipaw Avenue along with 400 Clendenny Avenue and 801 Route 440, is split between Hudson County, Jersey City’s municipal government, and an LLC. In Jersey City, a company does not have to own a property in order to be designated as its redeveloper.
The resolution noted in part that the JCRA seeks to “commence the negotiation of a redevelopment agreement” and that “during such negotiations, the redeveloper shall also negotiate the purchase of the property from the property owners.”
