Real Estate Journal — Owners, Developers & Managers — April 27 - May 10, 2018 — 5B


M id A tlantic

O wners , D evelopers & M anagers

Designed by BKSKArchitects in partnershipwith Executive Architect Kitchen&Associates Development Partners breaks ground on new 309-unit luxury rental building in Jersey City J a neighborhood clearly on the rise, and we’re excited to be a part of it.”

Lafayette neighborhood," said Mayor Fulop. "Development interest in Jersey City is mov- ing away from the Waterfront, and we are thankful to those who see the potential of this neighborhood, including its businesses and residents, and choose to invest in it." Designed by BKSK Archi- tects in partnership with Ex- ecutive Architect Kitchen & Associates , the new steel-and- brick-clad building will be built in a rectangular configuration around a central courtyard with considerable outdoor space and amenities. 

ERSEY CITY, NJ — Ironstate Development Company , long known for transforming Downtown Jersey City with iconic resi- dential towers, is expanding its efforts west of the water- front to the City’s Lafayette neighborhood where a bur- geoning renaissance contin- ues to build momentum. The Hoboken-based real estate firm broke ground, April 10th 2018, with joint venture part- ners Brookfield Property Group and Landmark De- velopers on a new 309-unit luxury rental building. The mixed-use project will also include 3,800 s/f of street-level retail space and 8,000 s/f of commercial space that will serve as the new headquarters for the Jersey City Redevelop- ment Agency. Located at 100 Monitor St., the new five-story building will occupy a now-vacant 2.7- acre site just steps from the Liberty State Park Hudson- Bergen Light Rail Station and within walking distance of the Liberty Science Center and Liberty State Park. The project will create over 600 construction jobs and take 22 months to complete. The $84 million development reflects a growing interest in Lafayette and is expected to fuel further investment in a neighborhood that continues to attract multifamily develop- ment, new businesses and res- taurants like Grind Shop and The Oak on Pine and expanded recreational amenities like the 17-acre Berry Lane Park. “We’ve been committed to Jersey City for more than two decades and view Lafayette as an emerging neighborhood with significant growth po- tential,” said David Barry , president of Ironstate Devel- opment Company. “Our loca- tion adjacent to a Light Rail Station will conveniently con- nect residents to Downtown Jersey City and additional public transportation options. Liberty State Park is next door, offering more than 1,200 acres of public open space. And the Liberty Science Cen- ter essentially anchors the neighborhood with an ever- evolving interactive museum experience, the largest and most technologically-advanced planetarium in the Western Hemisphere, and the innova- tive $280 million Sci-Tech City opening in a few years. This is

Situated within the Morris Canal Redevelopment Area, 100 Monitor St. is the latest sign of the current administra- tion’s push to advance invest- ment and development beyond the waterfront and into other areas of the city. "I am proud to join Iron- state Development, Brookfield Property Group and Landmark Developers to mark the ground- breaking of an exciting develop- ment that will bring jobs and businesses back to the Bergen-

309-unit luxury rental building rendering

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