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  #1  
Old Posted Apr 8, 2021, 4:33 PM
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JERSEY CITY | The Cove | 1500+ Units

Renderings Reveal Cove, A 14-Acre Mixed-Use Development In Jersey City











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Little by little, progress is being made on Cove, a massive mixed-use project in Jersey City. Argent Ventures, which owns 12.4 acres of the development land, has joined forces with H&R Real Estate Investment Trust, to redevelop the property adjacent to Liberty State Park. Preliminary plans by Argent Ventures called for a mixed-use waterfront development with 1.6 million square feet of laboratory and office space and 1,544 residential units. Residents would have clear views of both downtown Jersey City and Manhattan.

The site is mostly vacant brownfields and a tidal ditch that receives sewer outfall. The first phase of development, recently completed, involved environmental remediation on the land that borders Aetna Street and Jersey Avenue. The second phase is expected to start this summer and comprises permitting and infrastructure improvement design, as reported by Return on Information New Jersey. Following that, construction would begin in 2022 for a two-tower mixed-use building.
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  #2  
Old Posted Apr 8, 2021, 4:44 PM
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Very impressive.

Nearly 1,600 residential units and 1.6 million square feet of lab space.
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  #3  
Old Posted Apr 8, 2021, 6:19 PM
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Is this the same development that had that wild massing rendering with the curved tower from several years back?
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  #4  
Old Posted Apr 8, 2021, 7:41 PM
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I think so



https://www.quadrumglobal.com/portfo...jersey-city-nj

Crescent Park

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Name: Liberty View
Project Metrics: 995 units “as-of-right”, 2,265 units “re-zoned”
2.1 million sq ft
Acquisition Date: April 2015
Location: 46 Johnston Ave; 7-39 & 46-50 Aetna Street, Jersey City, NJ
In April 2015, Quadrum acquired a freehold interest in 7.5 acres in one of the last remaining waterfront sites in Downtown Jersey City.

The site is well located in Downtown Jersey City and borders Liberty State Park to the south and the Marina to the east, with protected views of the Manhattan skyline and the Statue of Liberty.

Together with its development partner, Quadrum is currently completing a master plan with the goal of rezoning the site to increase total unit count from 995 to 2,265 without increasing overall square footage, while also expanding the waterfront public park. The site requires extensive environmental remediation, which is currently underway, and has numerous infrastructure challenges including construction of roads, utilities, and management of a combined sewage outfall. It is anticipated the master plan, environmental remediation and rezoning process will be completed in 2017 and construction will commence in 2018. The Project will be built over several phases.
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  #5  
Old Posted Apr 8, 2021, 7:45 PM
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Worth noting that this new proposal is expanded from 7.5 acres in the old Crescent Park Quadrum proposal to 14 acres by Argent Ventures's The Cove.
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Old Posted Apr 8, 2021, 8:30 PM
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That's the one.

So are these separate ventures or has this just been renamed?
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  #7  
Old Posted Apr 8, 2021, 8:31 PM
bossabreezes bossabreezes is offline
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I'm very excited for the lab space in this development, it could put Jersey City on the map as a science incubator.

I own property about 4 blocks from this and am certain it will increase property values in the adjacent Van Vorst Park neighborhood.
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  #8  
Old Posted Apr 11, 2021, 10:14 PM
Oron Zchut Oron Zchut is offline
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Quote:
Originally Posted by Busy Bee View Post
That's the one.

So are these separate ventures or has this just been renamed?
Should be the same development. I believe Argent Ventures was also named redeveloper for the block of buildings that also appears in that old render by the smaller curved building (8, 41, 52 Aetna St sites).

Articles via JerseyDigs:
https://jerseydigs.com/jersey-city-d...-aetna-street/
https://jerseydigs.com/argent-ventur...-aetna-street/

From the looks of it, they've combined these developments into this single, larger one. You can see the buildings that are on those other sites (the smaller copper-brown ones) in the second, and second to last, new render from the initial post.
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