Meridian exclusively lists mixed-use development site in Jersey City for $50M

Meridian Investment Sales, the commercial property sales division of Meridian Capital Group, announced Thursday it has listed for sale the Avenir, a mixed-use development site in Jersey City for $50 million.

David Schechtman, senior executive managing director; Lipa Lieberman and Abie Kassin, managing directors; represented the seller in the transaction.

The site, which has been approved by the Jersey City Planning Board and is located at 1072 and 1075 West Side Ave., spans 3.35 acres and has 659,000 buildable square feet. The property will be eight stories and have 486 studio, one-, two- and three-bedroom units in addition to 25,000 square feet of commercial space.

The property will be within close access to NJ Transit’s Journal Square Station.