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seemingly wants for nothing.
Importantly, the building also
houses an upscale, 20,000-square-
foot coworking space known as
Andco North, supporting dozens of
other entrepreneurs and providing
much-needed event space for local
businesses and community groups.
“It’s been a real hub for activities
there and a magnet for the
neighborhood and for business
production,” Paul Silverman said.
“People can be very productive
walking to work and meeting people
locally.”
The brothers’ Hamilton Park story
is more than 40 years in the making.
Eric Silverman recalls being in
Jersey City in the early 1980s, when
he was working for the developer
that would repurpose a sprawling
warehouse on Erie Street into what’s
now the Port Authority Technical
Center. Fresh out of college, he
made a point of exploring the
neighborhood and came upon
Hamilton Park just three blocks to
the south, where he found a space
with an unsightly chain link fence
™ 11
but a “nice square” shape that fi t
seamlessly with the street grid.
“It popped into my mind that this has
some kind of future,” Eric Silverman
said. “I guess, at that point, it
resonated as a personal ambition to
fi xing up that neighborhood.”
SILVERMAN’s earliest acquisitions in
the city, in the mid-1980s, included
a condominium building about two
blocks from the park. In 1998, the
brothers purchased a century-old
former brass foundry building at
10th Street and Jersey Avenue, a
block north of Hamilton Park, which
they would restore and repurpose to
create luxury apartments that were
accented by the structure’s historic
industrial features.
Their plans to develop other projects
in the area leapt forward in 2006,
when SILVERMAN acquired the
defunct St. Francis Hospital complex
that included fi ve buildings on a
two-acre superblock just east of the
park, between 8th and 9th streets.
The fi rm began by rehabilitating a
large, 11-story section of the former
hospital along Pavonia Avenue to
Courtesy: SILVERMAN
SILVERMAN’s newest building, Swift & Co. at 220 9th St., has brought an additional 59
apartments and 80,000 square feet of commercial space to Jersey City’s Hamilton Park
neighborhood.
create Hamilton Square, a collection
of 124 condominiums and 50,000
square feet of retail space that
opened in 2009.
It was also in those years that
SILVERMAN opened the 60-unit
Schroeder Lofts at 234 10th St.
and another 25 homes at 210 9th
St., in 2007 and 2013, respectively,
in projects that also included a
restaurant and a school. In 2018,
it unveiled a ground-up, 99-unit
luxury apartment building adjacent
to Hamilton Square known as Park
Francis with additional retail and
Site Excavation
Water Management
& Distribution
Utilities Asphalt Paving
Erosion Control &
Retaining Walls Concrete