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New York & Tri-State  + New Jersey  + Finance  |  January 25, 2022
144 First Street in Jersey City will be an 84-unit luxury condominium project
Paul Bubny
By: Paul Bubny

BHI Lends on Jersey City Condo Project

BHI, the U.S division of Bank Hapoalim, said its commercial real estate group provided $36 million in construction financing to EPIRE for the development of 144 First St., the firm’s new condominium development located in the Powerhouse Arts District of Jersey City.  

Spanning 115,000 square feet, 144 First St. will feature 84 high-end for-sale apartments and is conveniently situated two blocks away from the Grove Street PATH train station. The project broke ground last June. 

“We are very pleased to be working with EPIRE, which has a highly successful track record in both the residential and commercial sectors,” said Ilana Druyan, first VP real estate international at BHI. “As part of our strategy, we finance large projects in key locations and plan to continue the growth in 2022.” 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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