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Halpern starts construction on 337-unit JC development
Jersey City, NJ Mayor Steven Fulop and fellow municipal officials joined principals of Halpern Real Estate Ventures (HREV) to break ground on a major new addition to the City’s West Side neighborhood.
Sitework is officially underway at 49 Fisk Street where a new six-story luxury rental building, featuring 337 studio-to-two-bedroom residences and nearly 50,000 s/f of modern indoor and outdoor amenities, will soon rise near the banks of the Hackensack River.
Designed by Minno & Wasko Architects and Planners, with interiors and amenities curated by The Meshberg Group, the new building will deliver a live/work/play environment that promotes a healthy, balanced lifestyle for a post-COVID-19 world.
HREV expects to complete construction in the fourth quarter of 2023 and has retained The Corcoran Group as exclusive marketing and leasing agent.
“The West Side of Jersey City has seen unprecedented transformation in a positive way over the last eight years,” Mayor Fulop said at the groundbreaking. “We’ve seen significant investment in NJCU, in the Bayfront, and 49 Fisk Street is another step in that journey. For decades, the city struggled to get any sort of investment on the West Side, so today is symbolic in a meaningful way and sends a strong message about where the priorities are for Jersey City in making the West Side for everyone. Congratulations to the development team and I look forward to being back here in two years for the ribbon cutting.”
49 Fisk Street is being developed by Halpern Real Estate Ventures, a national developer with an emphasis on major metropolitan centers and urban lifestyle cores in the Northeast and Colorado Front Range.
“Jersey City is a national success story, and Mayor Fulop has done a remarkable job spearheading investment and focus west of the waterfront which has led to improved infrastructure and the infusion of new residential, retail and lifestyle options across the city,” said Joel Halpern, Managing Director of Investments for HREV. “This is certainly the case for the West Side, and we’re excited to contribute to the growth and vitality of this emerging neighborhood.”
The development’s sustainable features will include a waste diversion and energy recovery system, rooftop solar panels, electric vehicle chargers, and rainwater collection for irrigation uses.
Situated just west of Downtown Jersey City, 49 Fisk Street is rising in an area that is experiencing a wave of new investment and interest, including New Jersey City University’s (NJCU) planned 22-acre University Place expansion project that will include a Performing Arts Center, and the 95-acre Bayfront redevelopment.
The 273-acre Lincoln Park is also nearby, offering access to 21 public tennis courts, three playgrounds, a dog run, nature trails, several sports fields, and Skyway Golf Course, a scenic 9-hole layout lined with colorful fescue, magnificent dunes and rolling fairways.
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