Halpern Real Estate Ventures was joined by Jersey City Mayor Steven Fulop and fellow municipal officials to break the ground early this week on a major new addition to the city’s reenergized West Side neighborhood.
The shovels hit the ground and sitework has officially commenced for 49 Fisk St., where a new six-story luxury rental building, featuring 337 studio-to-two-bedroom residences and nearly 50,000 square feet of modern indoor and outdoor amenities, will soon rise near the banks of the Hackensack River.
“The West Side of Jersey City has seen unprecedented transformation in a positive way over the last eight years,” Fulop said at the groundbreaking. “We’ve seen significant investment in NJCU, in the Bayfront, and 49 Fisk St. is another step in that journey. For decades, the city struggled to get any sort of investment on the West Side, so today is symbolic in a meaningful way and sends a strong message about where the priorities are for Jersey City in making the West Side for everyone. Congratulations to the development team and I look forward to being back here in two years for the ribbon-cutting.”
Designed by renowned Minno & Wasko Architects and Planners, with interiors and amenities curated by the Meshberg Group, the new building will deliver a sought-after live/work/play environment that promotes a healthy, balanced lifestyle for a post-COVID-19 world.
The building will offer efficient private and public coworking spaces and a variety of resident outdoor space, including a 14,000-square-foot landscaped courtyard with green space, an 18,000-square-foot rooftop with a 360-degree view, and a community garden.
A hotel-like lobby with an interconnected stair to the second floor will provide an open and welcoming entrance for residents and their guests. Additional amenities will include social spaces and conveniences such as a speakeasy-style bar, fitness center and onsite, covered parking.
Sustainable features will include a waste diversion and energy recovery system, rooftop solar panels, electric vehicle chargers and rainwater collection for irrigation uses.
HREV expects to complete construction in the fourth quarter of 2023 and has retained the Corcoran Group as exclusive marketing and leasing agent.
“Jersey City is a national success story, and Mayor Fulop has done a remarkable job spearheading investment and focus west of the waterfront, which has led to improved infrastructure and the infusion of new residential, retail and lifestyle options across the city,” said Joel Halpern, managing director of investments for HREV. “This is certainly the case for the West Side, and we’re excited to contribute to the growth and vitality of this emerging neighborhood.”