Ohio-based The NRP Group, a multifamily developer, announced Monday it has broken ground on 39 New York Avenue, a multifamily development in Jersey City.
“We are thrilled to be taking this step into Jersey City, which has been undergoing such an incredible renaissance in recent years,” J. David Heller, CEO and president at The NRP Group, said. “As is typical for NRP Group communities, this distinctive development will be thoughtfully designed to add a unique living experience to a vibrant neighborhood. We think the dynamic growth of Jersey City presents an ideal entry point for NRP and we look forward to deepening our presence in the market.”
The $45 million, 131-unit property will be located in Jersey City’s Coles Street Park neighborhood. The building will have 28 studio apartments, 79 one-bedroom units, and 24 two-bedroom units.
The NRP Group has partnered with Hoboken Brownstone Company on the development. The project is slated for completion in 2020.
Completion of 39 New York Avenue is scheduled for summer of 2020.