JERSEY CITY, N.J. — Tishman Speyer has received a $331 million loan from global investment group CDPQ for the construction of a 40-story apartment tower in Jersey City. Located at 50 Hudson St. in the Paulus Hook neighborhood, the community will consist of 924 apartments and 10,000 square feet of street-level retail space.
Units will come in studio, one- and two-bedroom floor plans.
The New York City-based developer plans to break ground on the tower in the coming weeks, with completion slated for 2028. The development is the sister building of 55 Hudson Street, a 58-story community totaling 1,017 apartment units. 55 Hudson Street is currently under construction and slated for an early 2027 completion.
The two buildings will share roughly 75,000 square feet of indoor and outdoor amenity space and more than 60,000 square feet of retail, restaurant and entertainment space. In addition, the development will have a 32,000-square-foot waterfront plaza that will connect to Jersey City’s esplanade and will be available for community events.
A joint venture between Noble Construction and Hunter Roberts Construction Group will serve as the general contractor for 50 Hudson Street. The design team for the development includes Handel Architects, Marchetto Higgins Stieve Architects, interior designer Michaelis Boyd and landscape architects Hollander Design and Melillo Bauer Carman.