A rendering of 99 Hudson in Jersey City — Courtesy: Perkins Eastman
By Joshua Burd
The development boom along the Hudson waterfront has put Jersey City in rare company, making it one of only 18 U.S. cities with at least five skyscrapers.
That’s according to a recent study of high-rise architecture by Yardi Matrix, a commercial real estate research and data platform, which also found that Jersey City currently has the fourth-tallest building under construction in the U.S. That project, 99 Hudson, is a 79-story luxury condominium tower that is slated to rise 889 feet when it opens next year.
China Overseas America Inc. is developing the property, which is behind only three projects:
- Central Park Tower in New York (1,550 feet)
- Vista Tower in Chicago (1,198 feet)
- Oceanwide Center, First Street Tower, in San Francisco (910 feet)
Upon completion, 99 Hudson will become the tallest building in New Jersey and surpass 30 Hudson in Jersey City, long known as the Goldman Sachs tower, which is just blocks away and rises to more than 780 feet. Plans for 99 Hudson call for 781 high-end homes, with prices starting in the $800,000 range, along with 65,000 square feet of amenities and 15,000 square feet of ground-floor retail space.
The study by Yardi, “The Rise of the American Skyscraper,” traces the history of tall buildings going back more than a century, including several skyscraper booms starting in the 1960s. The analysis included buildings that that rise at least 40 stories and 500 feet, including spires, with data supported by its own research and the Council on Tall Buildings and Urban Habitat.
Click here to read the full study.