A development team has scored $220 million in financing to complete a 56-story high-rise in Jersey City, one that’s slated to include 542 apartments and a 154-key hotel after it was redesigned mid-construction to allow for a major expansion.
A new 276-unit hotel in downtown Jersey City is proceeding with the help of a $10.75 million refinancing loan originated by Silver Arch Capital Partners.
The Pinnacles Cos., in a joint venture with The Hampshire Cos. and investment partner Circle Squared Alternative Investments, broke ground recently on downtown Montclair’s first new full-service hotel in decades.
