Posted Apr 12, 2025, 8:31 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 56,214
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https://financialpost.com/real-estat...loan-from-cdpq
Jersey City luxury apartments get US$331 million loan from CDPQ
Tishman Speyer is already constructing the first phase of the project, a 58-story building with 1,017 units, expected to open in 2027
Natalie Wong
Apr 11, 2025
Quote:
Tishman Speyer Properties LP landed a construction loan to proceed with the second tower in its luxury rental development on the Jersey City waterfront.
The 924-unit tower — directly across the Hudson River from lower Manhattan — will have 10,000 square feet (929 square meters) of retail space at the base. As part of the project, Tishman Speyer will create a public plaza connecting with Jersey City’s waterfront esplanade.
Intense competition for apartments in Manhattan is keeping rents close to record highs, making luxury towers in Jersey City a potentially attractive option for both tenants and investors. Tishman Speyer is already constructing the first phase of its waterfront apartment project, at 55 Hudson St. That 58-story building, with 1,017 units, is expected to open in early 2027.
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