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JERSEY CITY | 401 Washington Blvd | FT | 38 FLOORS

Mack-Cali and Its Roseland Subsidiary Break Ground on 311-Unit Luxury Rental Building in Downtown Jersey City
© 2013 Mack-Cali Realty Corporation
Jersey City, New Jersey—December 5, 2013

Quote:

Mack-Cali Realty Corporation (NYSE: CLI), along with its Roseland subsidiary, broke ground Wednesday, Dec. 4th, on a project that will bring a brand new 38-story luxury rental tower to the ever-evolving skyline of downtown Jersey City.

Jersey City Mayor Steven Fulop led a group of local officials, executives from Mack-Cali/Roseland, and other dignitaries in the ceremonious groundbreaking of the project. Known as M2, the new building will rise on the Marbella development site at 401 Washington Blvd. and will be connected to the existing Marbella rental tower via a shared parking garage. The new tower will be 38 stories tall and will include 311 studio, one-, two-, and three-bedroom apartments.
......

Garden State Development, Inc. and Prudential Real Estate Investors have partnered with Mack‑Cali/Roseland for the development of M2. JP Morgan Chase is the lead lender, with participation from Wells Fargo.

Marbella, the existing residential building on the property, is a 39-story rental tower with 412 apartments. It opened in 2004 and was the tallest residential building in New Jersey at the time. Marbella and M2 will share a 16,000-square-foot landscaped roof deck, with pool, which will connect the two buildings.

The amenities at M2 will be highlighted by a unique 1,200-square-foot resident event room on the 38th floor of the building, with an attached 800-square-foot terrace overlooking the Hudson River and the Manhattan skyline. Other planned amenities include a 1,700-square-foot club room with lounge and billiard table, conference room, fitness center with yoga studio, children’s play room, and an on-site dog run. Most units will have floor-to-ceiling windows to maximize the spectacular views of the river, the Manhattan skyline, and Jersey City.

The exterior of M2 will consist of dark red brick masonry panels on concrete block back up with cast stone highlights, which matches the exterior of Marbella and several historic structures in the area. The building’s architect, SLCE, has designed many other towers in the neighborhood.
........

M2 is projected to bring 400 new construction jobs, 18 new full-time jobs, and approximately 600 new residents to Jersey City. Roseland will oversee the leasing and management responsibilities of M2 upon completion of the project. Initial occupancy is scheduled for the first quarter of 2016.

Posted on December 6, 2013

http://cahncomm.files.wordpress.com/...breaking-a.jpg
Officials break ground on M2, the luxury high-rise in downtown Jersey City. From left to right: Steven Fulop, Mayor of Jersey City; Peter Mangin, principal of Garden State Development; Carl Goldberg, Co-president of Roseland; and Mark Sheeleigh, vice president of development for Roseland.

http://cahncomm.files.wordpress.com/...foreground.jpg
Left Building

Google Maps Snapshots:
"A" marks the site...

Aerial View:
http://farm8.staticflickr.com/7298/1...50d84c93_o.jpg

From 2nd Street:
http://farm3.staticflickr.com/2821/1...5a68d7d2_o.jpg

Love the see the JC skyline continuing to grow!

Congrats to J.C.....They have a few decent proposals under way now. I really can't wait for construction to begin on the Journal Square towers

Well that answers the question of what is going up on that site, I noticed the construction going on there and was wondering what it was going to be.

Quote:

Originally Posted by nyc7 (Post 6382594)

Congrats to J.C.....They have a few decent proposals under way now. I really can't wait for construction to begin on the Journal Square towers

Jersey City is indeed amazing. Lets hope the NYC super tall madness spills into JC. The area has really transformed since the early 90's.

It would be cool to see a supertall on the jersey side. it would transform that iconic view of downtown Manhattan and Jersey that we often see in pictures.

^^^
Soon. (Okay, maybe not exactly soon, but some day in the near-ish future.) :haha:

http://forum.skyscraperpage.com/showthread.php?t=198312

Quote:

Originally Posted by urbanlife (Post 6385886)

Well that answers the question of what is going up on that site, I noticed the construction going on there and was wondering what it was going to be.

Feel free to post some photos! Jersey City needs a nice photo update!

The new apartment building looks a lot better (from the rendering) than the decade year old neighbor. A win-win for Jersey City indeed.

Lastly, I was wondering if that parking garage was abandoned or something. It looks deteriorated from those angles.

some serious vertical. Wow, there is a lot of surface parking in dt Jersey City.

Quote:

Originally Posted by Eveningsong (Post 6485764)

Lastly, I was wondering if that parking garage was abandoned or something. It looks deteriorated from those angles.

It's not abandoned. They're just stripping the facade off so it can be properly integrated with the new tower. Frankly, it was rather nice of the original developer to put a finished facade on that side of the garage even though they knew there would always be a second tower.

This should probably be moved into the UC thread.

^ that's not downtown Jersey city. Journal Square is downtown, about 2 miles northwest. Exchange place/waterfront used to be railyards and a chromium plant or something similar and has been developed at a decent pace over the last 20 years.

Anyhow I will miss the parking, used to be easy to drive, park for free overnight, and duck into the path for a cheap entry into Manhattan.

^The parking garage itself isn't going anywhere. Or are you referring to the garage not having any excess capacity when the second tower is completed?

^ more just the ample parking around exchange place that is being eliminated.

Oh well, sometimes the needs of the many, outweigh the needs of the few...or the one.