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Tishman Speyer Secures $331M for Second Phase of Jersey City Apartments

Tishman Speyer has secured full construction financing for 50 Hudson St., the second of a two-tower residential development along Jersey City’s waterfront. After closing on a $331-million construction loan led by CDPQ, Tishman Speyer expects to commence this spring, with completion anticipated for 2028.

Located directly along the Hudson River, the 40-story tower will encompass 924 rental apartments with a mix of studios, one- and two-bedroom homes. The developer is also progressing on construction of the first phase of the project at 55 Hudson St., which will contain 1,017 rental apartments and is expected to open in early 2027.

Tishman Speyer’s collaborators on the project included Handel Architects, Marchetto Higgins Stieve Architects, landscape architects Hollander Design and Melillo Bauer Carman and interior designer Michaelis Boyd. A joint venture between Noble Construction and Hunter Roberts will serve as the general contractor for 50 Hudson.

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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).

  • ◦Development
  • ◦Financing
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