A project by Tishman Speyer calls for bringing more than 1,900 new apartments to a site at 50 and 55 Hudson St. in Jersey City. — Courtesy: ImageFiction via Tishman Speyer
By Joshua Burd
Tishman Speyer has secured a $331 million construction loan for a 924-unit apartment tower in Jersey City, the second piece of a two-phase development along the Hudson River.
According to a news release, global investment group CDPQ provided the financing in connection with the project at 50 Hudson St. That paves the way for a construction schedule that’s slated to conclude in 2028, when Tishman will deliver the 40-story tower with a mix of studios, one-bedroom and two-bedroom homes with sweeping views of New York Harbor, the Jersey City’s Paulus Hook neighborhood, the Statue of Liberty and the Manhattan skyline.
Plans also call for upscale indoor and outdoor amenities, an expansive public plaza and 10,000 square feet of street-level retail space.
“50 and 55 Hudson are designed to complement and enhance the Jersey waterfront, bringing new homes, additional shops and activated public outdoor spaces for the entire community to enjoy,” said Erik Rose, a senior managing director with Tishman Speyer.
The firm is also progressing on construction of the project’s first phase at 55 Hudson St., which will include a 58-story tower with 1,017 rental units, some 60,000 square feet of new street-level retail and 75,000 square feet of indoor and outdoor amenities. That building is slated to open in early 2027.
The design team for the project includes Handel Architects, MHS Architecture, landscape architects Hollander Design and Melillo Bauer Carman and interior designer Michaelis Boyd, the news release said. A joint venture of Noble Construction and Hunter Roberts will serve as the general contractor for 50 Hudson.
Tishman added that each building will be outfitted with Energy Star-certified appliances and seek Fitwel Certifications. Residents, meantime, will be adjacent to PATH service, The Hudson-Bergen Light Rail and ferry service to Manhattan.
Tishman Speyer acquires land beneath planned two-tower, 1,941-unit rental project
