According to data from the U.S. Census Bureau American Community Survey, towns like East Newark, Secaucus, Harrison, and Weehawken increased their rental stock more than 10 percent, since 2011, and units are selling despite the slow rise of mortgage interest rates. Hoboken and Union City added around 5 percent to their rental stock in that same time period. West New York added around 4 percent, and Jersey City added a little over 2 percent. Several developments are planned or in progress in Bayonne, which has four light rail stops.
Read on to find out more about upcoming and new residential projects in the county.
It may not yet be at Hoboken or Jersey City’s level, but North Bergen is beginning to draw new residential projects.
Developer James Dematrakis has been working to turn the former Manhattan Trailer Court park in North Bergen into 240 units of housing. Located at 48th Street and Tonnelle Avenue, next to the Hudson-Bergen Light Rail station, the project has been in the works since 2015.
North Bergen offered developer Dematrakis a PILOT (Payment in Lieu of Taxes), which will bring $600,000 annually for the town once the development opens, officials say. It should open sometime in 2019. The building represents a revitalization of sorts for Tonnelle Avenue, as several stores opened along its length since 2008.
Nearby, Paterson Plank Road is also becoming a development hotspot. The Hudson Mews development, with 288 units, is set to open later this year, officials say. It’s located near Route 495 (which leads into the Lincoln Tunnel) and the North Bergen Park and Ride terminal. Developer Hudson Mews Urban Renewal, LLC has also agreed to build a 1.5-acre township park adjacent to the property.
In January, 1122 53rd Street Urban Renewal opened Plaza 53 on John F. Kennedy Blvd and 53rd Street, featuring 128 apartments.
In Secaucus, Axis Development has earned approval to build 35 apartments at the vacated Boulevard Tire Company building at First Street and Paterson Plank Road.
Also, Ohio-based developer Pirhl, LLC has purchased the former Schmitt Concrete Plant at the end of Paterson Plank Road. Pirhl wants to build 115 residential units.
Last month, the Xchange at Secaucus Junction development opened a new 160-unit building, including 38 affordable housing senior units for people 55 and above. The Xchange complex first opened in 2008, ultimately planning more than 1,300 units in 35,000 square feet, near the Secaucus Junction NJ Transit train station.
A local developer plans to knock down a former roller skating rink/warehouse and convert it into 60 apartment units at 231 Hackensack Plank Road. The project is upland, off the waterfront.
Nearby, on 209-11 Hackensack Plank Road, a developer is building eight condos at a former factory, next to the existing Embroidery Lofts apartments. That is set to open sometime this fall.
Slightly east of these projects, on Park Avenue, a private developer is building 16 units on three floors atop a former Hudson Trust Company and Capital One Bank. The address is at 4710-14 Park Ave.
Originally, the developer was going to sell the building. However, the township reached an agreement with him to let him build the apartments on three floors. In turn, Weehawken struck a 30-year lease for the township to rent the former bank in the lower level for mixed uses. They will lease it to various businesses such as artist boutiques, restaurants, and sandwich shops, to attract people to Park Avenue.
Down by the waterfront, residential housing is booming.The Henley on The Hudson, owner by Lennar Development, recently opened its final phase of 67 condos on 100 Eton Row. As part of an agreement with the town, the developer agreed to pay for an expansion project at an adjacent playground.
This past March, Hartz Mountain Industries, based in Secaucus, began work on the Hamilton Cove complex at the Lincoln Harbor area on the waterfront. It will include 573 rental units, and will open around 2020.
Nearby, at another development, The Maxal Group is building 236 apartments at 1500 Harbor Blvd. The waterfront’s Port Imperial neighborhood, featuring commercial, recreational, and residential development, is also making strides.
The Avora, a development by Port Imperial Boulevard, is set to finally open its 184 condos by July or August. Landsea is the developer.
Developer Roseland/Mack Cali is opening a 285-unit building on Port Imperial Boulevard, part of the massive, two mile Port Imperial development that extends to West New York and Guttenberg.
Additionally, Cali is also working on a 313 unit building on Port Imperial Blvd. which should be done by 2019’s end; and a Marriott Hotel on the waterfront, near the ferry terminal. It will feature 186 extended stay hotel rooms and should open by July.
Union City is dense and landlocked, so doesn’t have as much new residential development as surrounding towns. But nonetheless, new rental units are coming up.
Last year, Solo Property, LLC began work on a three-story residence with three separate units, at 512 Fourth Street. The property is the former site of a 2015 three alarm fire that “caused extensive damage to the home,” according to one media report. The developer acquired the property in 2016.
A three-bedroom, two bathroom condominium was built last year at 209 Manhattan Ave.
West New York
Earlier this year, developer Hovnanian opened the Nine on The Hudson on the waterfront by Port Imperial. The 278 luxury condo units are situated on a 2.8-acre lot in the area of the Port Imperial ferry terminal.
Last year, developer TAH Hudson Heights 54th Street, LLC, began construction on a 52-unit residential building at 301-321 54th St. The building will have a five year tax exemption, and instead pay a PILOT (Payments in Lieu of Taxes) to the town for municipal services. It is located a few blocks northeast of the Bergenline Avenue light rail station, which is inland from the waterfront.
Perhaps no Hudson County municipality is experiencing the development that Jersey City is, from the center of the city near Journal Square, all the way to the waterfront. The less developed neighborhoods are also playing catchup, including Bergen Lafayette in the city’s southern section.
In April, local officials and the Ironstate Development Company broke ground on a new, mixed-use, five-story apartment complex in that area, at 100 Monitor St. by Liberty State Park. Developer Ironstate Development Company will construct 309 rental units, along with 3,800 square feet of street-level retail space and 8,000 square feet of commercial space that will serve as the new headquarters for the Jersey City Redevelopment Agency.
That same month, developer Vue Realty Group opened a 30-unit residential building at 424 Whiton St., also near Liberty State Park and the light rail station.
Last year, CAPC NJ Asset Stabilization Fund No. 1, LLC announced plans to rehabilitate a four-story brownstone at 24 Monticello Ave. into six residential rental units, for “households who qualify as low or moderate income.”
Further inland, in Journal Square, Mayor Steven Fulop and the Namdar Group recently held a groundbreaking ceremony for a new development at 87 Newkirk St. The 15-story building will feature 132 units and 25,000 square feet of shared office space and 1,500 square feet of retail space.
In March 2017, Hartz Mountain Industries opened 3 Journal Square Apartments, at 2935 JFK Blvd. situated very close to the Journal Square PATH station.
In January 2017, the first of three phases of the Journal Squared development, from developer Jonathan Kushner, opened, with a planned 1,880 units in total. Phases two and three are slated for coming years.
North of Journal Square, in The Heights neighborhood up the hill from Hoboken, construction has begun on Gallery Lofts, a 16-unit development that will feature ground-floor commercial space, from developer Fields Construction. The building will be located at 391 Palisade Ave.
South of The Heights, near the Holland Tunnel, in the SoHo West neighborhood (South of Hoboken, West of Manhattan). The Manhattan Building Company opened the 377 unit SoHo lofts last year.
The Hoboken Brownstone Company is also planning the Van Leer Place development in the neighborhood. They will consist of two phases at 137-139 Hoboken Ave. Phase one will be a six-story building with 260 units. Phase two will add another 222 units.
In the city’s waterfront/downtown area, the KRE Group opened 485 Marin in the first weekend of June 2018. Move-in dates for the 18-story, 397-unit property start in August.
Waterfront community Paulus Hook is also seeing some change. Fields Development opened Lenox in that neighborhood last November. The development offers 255 rental units. Also at Paulus Hook, China Overseas America opened 99 Hudson St., a 79-story tower with 781 apartment units, last year.
On the waterfront, near the Hoboken border, the massive 600-acre, mixed use Newport community is seeing growth. The Lefrak Organization opened Ellipse, a 41-story, 381-unit development, last year.
Within walking distance, Strategic Capital recently opened the Park and Shore. It features 429 condo units spread through two buildings.
Newport also features considerable commercial development, including the Newport Centre Mall, a Courtyard by Marriott, and restaurant Fire and Oak.
Like its western neighbor, Hoboken is seeing development moving along, although it’s a more compact town with fewer spaces to fill. Many developments are rising near the Second and Ninth Street light rail stations on western Hoboken.
Kore Realty, LLC is planning for a mixed use development at 313 Jackson St. The five-story building will include four residential units on each of the top four floors with 831 square feet of retail space at the street level. It is near the Second Street Light Rail.
A recent proposal — also close to the station -- seeks to raze seven lots at 401-411 Jackson St. to make way for a six-story, 44-unit development, featuring 4,985 square feet of retail space on the ground floor. Currently, the property is owned by BC2 Ventures.
Late last year, The Taurasi Group held a soft opening for The Broadmoor, a collection of duplex and penthouse homes located at 113 Monroe St., near the stop. Duplexes ranging from 3,290 to 3,453 sq. ft. and penthouses in the 3,144 to 3,200 sq. ft. The units will be available for occupancy this summer.
Recently, Schmitt Capital opened a four unit condominium at 718 Jefferson St., close to the Ninth Street Station.
Several additional planned and completed developments are near that station. They include a 424-unit luxury building at 700 Jackson St., from development partners Bijou Properties and the Intercontinental Real Estate Corporation. It should open by 2019.
The partners also recently opened Vine, an 11-story, 135-unit apartment building at nearby 900 Monroe St.
Meanwhile, on the waterfront, which is largely built out with parks and developments, Toll Brothers is preparing for the fourth and final building of its Maxwell Place development, which currently has 755 units. A mixed-use, 12 story building will feature 58 residential condos, to be built within its top five floors. It will also feature 58 parking spaces for residents and 313 commercial ones. It will be located at 1018 Maxwell Lane. Toll Brothers plans to break ground on the project this summer.
Last August, the New Jersey Appellate Court ruled in favor of developer Shipyard Associates’ Monarch project, two 11-story condo towers to go up on the northernmost part of the waterfront.
Bayonne has proposed a 30-acre development on the former Military Ocean Terminal (MOTBY), located near the waterfront and 34th Street Light Rail Station. Thousands of residential units are planned for the area.
Developer Bayonne Bay West is planning a 900-unit building in the MOTBY, to open in two phases.
Additionally, KRE Group will develop Harbor Station North, on MOTBY’s northern side, with 600 units.
Developer JMF Properties is working on a Harbor Station South development in the MOTBY’s southern area. It will feature 650 units.
One smaller MOTBY development, The Pier View Lofts at 677-688 Avenue E, will feature 72 units.
In 2017, Bayonne passed its latest master plan, identifying Avenue E as a catalyst zone for development. That corridor, which parallels the Hudson Bergen Light Rail, is now seeing lots of development, specifically around the 22nd Street Light Rail Station.
Last year, Bayonne officials held a groundbreaking for the 70-unit “Lofts Two 22” building, right by the 22nd Street Station. Developer Madison Hill Properties is overseeing the project, which should open this summer. The site previously housed the CJ Murphy fuel oil company.
In addition, Parkview Reality Holdings is constructing a 180-unit building, at 101-105 E. 23rd Street. It will also take advantage of proximity to the 22nd Street Station.
Also in the station’s vicinity, developers Robert M. Kaye and Angela Del Russo are planning a 160-unit building at the St. Joseph’s Church at 306-322 Avenue E after they purchased the house of worship.
Further south, development is taking root near the Eighth Street Light Rail Station. Developer Velios Capital is planning 190 units at 23-250 Ave E, located near that station, at the site of a former plumbing business.
Also near the station are two 22-story high rise towers with 170 residential units each, at 26 North Street, between Avenue C and JFK. Blvd. They are set to become the largest and tallest buildings in the city. Both buildings should be finished by the end of 2019 or the beginning of 2020.
On a smaller scale near that station, Jinco, INC is currently constructing 56 units at 174 W. Seventh Street.
In the opposite direction, toward the city’s northern end, Woodmont Properties is opening 248 residential units at 190 W. 54th Street, located near Marist High School and the Jersey City border.
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