Jersey City Mayor Jerramiah Healy joined development partners Ironstate Development Company and Kushner Real Estate Group and officials from the Boys & Girls Clubs of Hudson County on Wednesday in Downtown Jersey City to break ground on a new multi-faceted project including a 422-unit luxury rental building and a new state-of-the-art facility for The Boys & Girls Clubs of Hudson County.
Designed in collaboration between HWKN Architects and Minno & Wasko Architects, 18 Park will feature an architecturally-distinctive 11-story building with a collection of spacious residences and a full suite of upscale amenities. Occupying the same building but with a separate entrance and address, the new Boys & Girls Clubs of Hudson County will feature approximately 34,000 square-feet of modern classroom and recreational space.
The project is rising adjacent to the Liberty Harbor North Light Rail Station near PATH and ferry service to Manhattan within the Liberty Harbor Redevelopment District, an 80-acre, 28-block neighborhood that is already home to more than 1,000 new condominium and rental residences, including 225 Grand, a 348-unit rental building also developed by Ironstate and Kushner Real Estate Group which was completed in 2010 and leased up in less than 10 months.
The Partnership expects to complete 18 Park in the fall of 2014, and has retained The Marketing Directors, Inc. to market and lease the residences. The Boys & Girls Clubs of Hudson County is also expected to open at the same time.
“Today’s groundbreaking event is an important milestone for Jersey City as it not only signifies the start of another critical development that will create construction jobs, generate tax ratables and attract new residents to the area, but will also bring us closer to providing a much-needed, modern and safe facility for the Boys & Girls Clubs of Hudson County which will serve the children of Jersey City for generations to come,” said Healy.
Housed in the 18 Park building but independently accessed and operated, the Boys & Girls Clubs of Hudson County will provide a safe haven of programs for boys and girls from throughout Jersey City. The new space will replace the Boys & Girls Clubs’ current facility, which was built in 1912 as a storage facility and retrofitted in 1984 by the organization, and has since become outdated, inefficient and costly to maintain.
“Jersey City has become a magnet for residents seeking quality housing alternatives at better values than Manhattan and parts of Brooklyn, and the area’s extensive mass transportation options including PATH and ferry service to downtown and midtown Manhattan add a level of convenience unparalleled in much of the marketplace,” said David Barry, president of Ironstate.
“People of all ages want to live here to enjoy the proximity to Manhattan and a high-quality housing experience with convenient transportation and easy access to dining and nightlife,” notes Jonathan Kushner, president of Kushner Real Estate Group.