Real Estate New Jersey: Massive project by Ironstate, Panepinto has anchored a revival in Jersey City neighborhood

panepinto-barry-e1549888736824-1-1By Joshua Burd

The on-site entrance to the Grove Street PATH station is arguably the biggest selling point for the Columbus Collection, a mixed-use, $800 million development in downtown Jersey City. After all, residents and hotel guests can access the train without ever crossing the street.

But that’s not to diminish the importance of Columbus Drive, the busy thoroughfare that runs along the southern edge of the property, or the vibrant retail and dining scene of Newark Avenue.

“In some respects, we couldn’t have asked for a better site where we have great vehicular access, great mass transit access and the fabric of an incredible neighborhood — all at this nexus,” said Michael Barry, the president of Ironstate Development Co., which has developed the complex alongside Panepinto Properties. “So that’s worked out tremendously well for us.”

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