A former 100-acre contaminated waterfront site in Jersey City is slated to become a large residential with up to 8,000 units when completed, officials said. <\/p>\n
The Bayfront Redevelopment Project, located on Jersey City\u2019s west side along the Hackensack River, will transform the rehabilitated brownfield land. <\/p>\n
The project\u2019s initial phase, known as Cove Point, will include four buildings with 350 to 400 units each, with 35% designated as affordable or workforce housing.<\/p>\n
Construction on Phase 1 is scheduled to start in early 2026.<\/p>\n
\u201cBayfront is our promise kept to put people before profit, delivering the most affordable housing of any private mixed-use community of its size in the country,\u201d Jersey City Mayor Steven M. Fulop said in a statement. \u201cThis transformation of a once-contaminated site into a vibrant neighborhood shows what\u2019s possible when public and private partners work together.\u201d<\/p>\n
The development, acquired by Jersey City in 2018, represents a partnership between the city, Bayfront Development Partners, and BRP Companies. <\/p>\n
Plans include retail spaces and outdoor park areas, with future additions of a light rail stop and water taxi service to Newark Liberty International Airport.<\/p>\n
New Jersey Community Capital, an financial institution, has invested $8.6 million in the project. <\/p>\n
Andrew Cohen, managing director of development for BRP Companies, praised the city\u2019s commitment to the project. <\/p>\n
\u201cThe city came to the table with land, incentives, and a willingness to partner to improve the west side of Jersey City and create much needed affordable and workforce housing,\u201d Cohen said.<\/p>\n
Generative AI was used to produce an initial draft of this story, which was reviewed and edited by NJ Advance Media staff.<\/p>\n
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