JERSEY CITY, N.J. — The Hekemian Group has secured financing for the construction of Coles Street Apartments, a 465-unit high-rise community in downtown Jersey City. Located at 305 Coles St., Cole Street Apartments will offer studio, one- and two-bedroom apartments. The average unit size will be 875 square feet.
Residents will have access to amenities such as a rooftop pool and lounge, golf simulator, clubrooms, work lounges, a fitness center, concierge service and on-site garage parking. The development will also include 8,142 square feet of ground-level retail space.
Thomas Didio, Thomas Didio Jr., Gerard Quinn and John Cumming of JLL Capital Markets worked on behalf of the borrower to arrange senior financing through Kennedy Wilson and mezzanine financing through Red Cove Capital.