TAY Investments has purchased a development site in Jersey City’s West Side and aims to break ground later this year. Image courtesy of MVMK Architecture.
A larger development at a former Jersey City industrial site that has been in the works for almost four years now has a new owner and a plan for when construction is set to begin.
Tay Investments recently closed on several parcels at 212-230 Culver Avenue, which they purchased for $14.1 million. Jersey Digs first reported on the development back in 2022 when it went before the city’s planning board, eventually being approved that year.
The company has revealed that they are eyeing a spring 2026 groundbreaking for the eight-story project, with a grand opening of the complex slated for summer 2028.
212-230 Culver Avenue, Jersey City. Image via Google Maps.
“The acquisition of 212 Culver Avenue represents a major step forward for TAY Investments as we continue expanding our footprint in the city, and we’re incredibly excited about it,” said Yuval Shram, founder and CEO of TAY Investments. “This investment reinforces our long-term belief in Jersey City’s, and specifically in the West Side, tremendous growth potential.”
Drawn up by MVMK Architecture + Design, 212 Culver Avenue will include 1,550 square feet of commercial retail space on the ground floor facing Mallory Avenue. A 184-space parking garage is included in the project, as is a 400-square-foot dog run to be constructed on the Pollock Avenue side of the property.
Image courtesy of MVMK Architecture.
The remainder of the development will feature 365 residential dwelling units, with over 43% of them set to be studios. 158 living spaces would have that designation alongside 179 one-bedroom apartments and 28 two-bedroom spaces, some of which would feature private terraces.
The project does not include an affordable housing component, as it does not trigger Jersey City’s inclusionary housing ordinance and complied with existing zoning when approved.
Amenities for future residents at the complex will include an indoor and outdoor high-end wellness area with a pool, a hot tub, a modern gym, a yoga and meditation center, dry and wet saunas, and a cold plunge. A pickleball court and rooftop bar will be featured at the property, as will an 8,400-square-foot landscaped terrace area on the development’s second floor.
Tay Investments is behind several other prominent endeavors in the area, including an adaptive reuse project at 301 West Side Avenue. Their most recently opened project, The Art of Newark, achieved a full lease-out last spring.