This site, located within the Colgate Master Plan in Jersey City, has remained undeveloped since Colgate vacated the area. The surrounding area has recently been seen as an extension of the Financial District of New York City, which has increased its desirability as a residential location.
The 1.2 million SF building will consist of 960 rental apartment units and 3-4 retailers. The retail area will occupy 40,000 square feet with 28,000 of it dedicated to the primary "big box" retailer. The area of each apartment and apartment type, which includes studios, one-bedrooms, two-bedrooms and three-bedrooms, has been carefully calibrated to meet the strict demands of the owner/developer. Those demands specified the average unit size, average unit size of each unit type and percentage mix of unit types. By extensively iterating through drawing, area analysis, and revision, we were able to meet all of the developer requirements while simultaneously satisfying our own standards of open, clean and architecturally successful units.
The site provides ideal access to public transportation into other parts of Jersey City as well as Downtown New York. Above the ground floor retail, most of the podium will be dedicated to the parking garage, which will accommodate up to 400 cars. The building will also house extensive fitness centers, yoga and aerobics rooms, various party rooms and lounges, video game facilities and a vast outdoor deck with a swimming pool and play area.
Despite its opportune location and numerous amenities, the building has been designed to be built over two phases, which will provide the developer time to observe the market absorption rate. Nonetheless, the building will still provide the same level of comfort and convenience before and after Phase 2 is executed by proportionally distributing the various amenities in both phase areas of the building.