Three major real estate firms have broken ground on a $400 million residential development in Jersey City’s emerging SoHo West neighborhood near the Hoboken border.
The 1.75-acre development will deliver 670 apartments across two towers rising 14 and 21 stories.
The project includes 13,000 square feet of street-level retail and over 60,000 square feet of indoor and outdoor amenity spaces.
The Albanese Organization, BXP, and CrossHarbor Capital Partners launched construction of 290 Coles St. last week at a ceremony attended by Jersey City Mayor Steven Fulop and other local officials.
“Breaking ground at 290 Coles reflects our continued belief in Jersey City as a great place to live and work, and our commitment to helping shape its future in thoughtful and lasting ways,” said Chris Albanese, president of the Albanese Organization. “This project represents more than new housing; it’s a meaningful step in further establishing SoHo West as a vibrant, integrated community.”
Designed by MHS Architecture, the development will feature a rooftop sky lounge and outdoor deck on the 21-story tower with views of the Manhattan skyline. Brooklyn-based Meshberg Group is designing interiors with what they describe as a “loft-inspired aesthetic.”
Residents will have access to co-working spaces, a fitness center, outdoor pool, golf simulator, chef’s kitchen, children’s playroom, and pet spa. The property sits adjacent to a new public park and offers “convenient access” to multiple transit options at nearby Hoboken Terminal.
“With its continued population growth, Jersey City is an attractive market for new multifamily developments,” said Hilary Spann, EVP, New York Region at BXP. “Boasting a robust amenities package, thoughtful design and a highly desirable location with close proximity to the Hoboken Terminal, 290 Coles will offer residents a premier living experience.”
“The property is in a prime location that we believe will continue to be in demand as the neighborhood is further transformed by high-quality developments,” said Tom Stevens, CrossHarbor partner and portfolio manager.
Construction is being managed by K L Masters Construction Company. Additional members of the design team include ICOR Consulting Engineers, DeSimone Consulting Engineering and Dresdner Robin. Completion is expected in spring 2028.
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