Brookfield, G&S Broke Ground on Jersey City Mixed-Use Tower
Brookfield Properties and G&S Investors, in collaboration with Ullico, Washington Capital, and AFL-CIO Housing Investment Trust, have officially begun the construction of the second phase of Hudson Exchange, a redevelopment project in Jersey City.
The groundbreaking ceremony, attended by Jersey City Mayor Steven Fulop, marked the start of construction on a 1.3 million-square-foot mixed-use tower at 420 Marin Boulevard. The tower will feature 802 luxury rental apartments and 115,000 square feet of retail space, with 85,000 square feet already leased to the neighboring ShopRite supermarket.
Hudson Exchange Phase II will also include public green spaces and contribute to the transformation of the Sixth Street Embankment into a public park. Upon completion, Hudson Exchange will encompass six million square feet of development and 5,500 residential units.
“Jersey City is leading from the front in supporting development that balances the needs of new residents and the existing community,” said Robert Pears, Vice President at Brookfield Properties.
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