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 by Studio V and the landscape architects at Michael Van Valkenburgh.
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 (though a representative for Quadrum reached out to The Architect’s Newspaper on January 23 to say the unit count “might change”). 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.
Jersey Digs reports that Quadrum’s partner, developer Argent Ventures (doing business as Johnston View), bought the 7.5-acre property, which is part of the Grand Jersey Redevelopment Area, for close to $35 million in April 2015.
Crescent Park could break ground as early as next year, documents show. Plans call for a cleanup of the creek in addition to the new construction, though the Jersey City Planning Board has yet to approve the project.
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