A massive multi-phased residential and retail project is proposed for 246 Johnston Avenue and the surrounding lots, just east of Interstate 78, in Jersey City’s Ward F. Documents from a June meeting of the Jersey City Redevelopment Agency show that a developer is planning for the new development to contain an undetermined number of residential units, 860 parking spaces, and 50,000 square feet of retail space.
In addition, plans include a cleanup of the Mill Creek Outfall, calling for a new 5 million gallon grand storm tank to be built, with a new public city park on top. The website of private equity investment firm Quadrum Global describes plans for a new ‘Crescent Park’ “with protected views of the Manhattan skyline and the Statue of Liberty”. Construction could begin in 2018, according to the website.
Additional details regarding the proposal have not yet been released.
Jersey City, New Jersey—where tall towers have popped up with some regularity for the past decade—is about to get another huge waterside development.
Private equity firm Quadrum Global is planning a 2,150-unit complex that includes 50,000 square feet of retail and a new public park for a now-vacant parcel. One available rendering of the development, called Crescent Park, depicts glassy 12-story towers curving around a lush park and waterway.
Just east of I-78 on the banks of Mill Creek Outfall, a Hudson River tributary, the development is roughly parallel with lower Manhattan’s Financial District. Future residents will live within walking distance of ferry service to Manhattan and the Hudson-Bergen light rail line.