The NRP Group is developing a 401-unit luxury apartment property at 190 Chapel Ave. in Jersey City, just west of Liberty National Golf Course. — Rendering courtesy: The NRP Group
By Joshua Burd
The NRP Group has broken ground on what will be more than 400 new apartments just west of Liberty National Golf Course in Jersey City, the Cleveland-based firm announced Tuesday.
The developer, which is partnering with Rockwood Capital, is eyeing a summer 2025 opening for the property at 190 Chapel Ave., in the city’s Port Liberté neighborhood. The project will bring 401 luxury rentals to an area just south of the downtown, providing residents with easy access to vast green spaces, bike pathways and Liberty State Park.
G&S Investors, an experienced owner and developer in Jersey City, is co-developing the project with NRP, according to a news release. Citizens Bank and Fifth Third Bank provided senior construction loans.
“Jersey City continues to invest in its infrastructure and foster the conditions for growth,” said Jonathan Gertman, a senior vice president of development at The NRP Group. “Port Liberté as an established community is a vibrant and desirable destination for residents. I’m thrilled to bring new multifamily development to the area alongside our excellent partners who are committed to continued investment in Jersey City.”
NRP deailed the project on Tuesday, noting that residents will have access to upscale amenities and the city’s extensive multimodal transportation network. The construction marks its second development in Jersey City, following its completion of 131 units on New York Avenue, and its first joint venture partnership with Rockwood.
“At present, building housing in America is challenging,” said J. David Heller, principal, CEO and president at The NRP Group. “Participating in strategic partnerships that bring deep expertise and experience is the driving force behind penciling deals and seeing them across the finish line. NRP is committed to working with financial partners and communities that are as invested in providing vital housing as we are.”
