A rendering of 351 Marin, a 507-unit luxury residential tower slated for 351 Marin Blvd. in Jersey City — Courtesy: Kushner Real Estate Group/Hollwich Kushner
By Joshua Burd
A joint venture has broken ground on a 38-story tower that will add more than 500 new luxury apartments to downtown Jersey City.
Kushner Real Estate Group and Northwestern Mutual on Friday detailed plans for what’s known as 351 Marin, a mixed-use project that will include 507 homes, a 4,500-square-foot public plaza and nearly 8,000 square feet of commercial space. Construction is underway at 351 Marin Blvd., in a site that will stretch from 1st to Bay streets, with leasing slated to begin in fall 2021.
“We’re excited to partner with Northwestern Mutual to bring a new, mixed-use development to this prime location in Jersey City,” said Jonathan Kushner, president of KRE Group. “351 Marin will offer its residents an exceptional downtown location and urban lifestyle with unmatched walkability, and we’re thrilled to work alongside Northwestern to bring this project to life.”
Designed by Hollwich Kushner in collaboration with HLW, 351 Marin will add to a rapidly developing section of Jersey City. A news release on Friday detailed architectural plans for an angled base that is meant to energize the streetscape, along with a soaring double-height façade and a freestanding pavilion at the edge of the pedestrian plaza.
The project, KRE’s latest in the city, also calls for 203 parking spaces and two floors of amenities for its residents.
“We’re very impressed with KRE’s portfolio of outstanding residential projects and view 351 Marin as the perfect opportunity to partner with Jersey City’s preeminent developer,” said Tom Zale, vice president and head of real estate investments at Northwestern Mutual. “As an investor, large luxury apartment projects in thriving markets such as Jersey City have been an area of consistent success, translating to real value for our policy owners.”
In the news release, KRE touted the project’s location near restaurants, bars and nightlife, along with its proximity to the Grove Street PATH station. The project follows the developer’s recent completion of 485 Marin, a 397-unit project that was fully leased in under 10 months, as well as several other projects in the immediate area.