Jersey City’s Building Boom

It’s hard to keep up with all of the new construction going on in Jersey City. A few years back, some of our agents called it in advance, saying Jersey City would definitely expand in the next few years. Well it certainly has. Three months ago, an article stated that Jersey City is expecting nearly 3,000+ residential units to come before the end of the 2015. NJ.com quotes in recent news that “Two new hotels are coming to Jersey City, a five-story, 87-room hotel slated for a mostly vacant lot outside of the Holland Tunnel and a seven-story, 75-room one on Tonnele Avenue at Secaucus Road”. There are also talks of a new casino to be built at the Liberty National Golf Club in Jersey City, although it hasn’t yet been confirmed. Another recent announcement proposes four new residential buildings planned for Mueller’s old pasta factory. These residential buildings would hold 980 units on the 5.2 acre site according to developer Argent Ventures. Prweb noted that “by year-end 2014, homebuilders obtained 5,641 permits for multi-family projects in Hudson County, reaching a record high”. Jersey City holds an amazing platform for buildings aiming for maximum success and economic growth. Hudson Place Realty looks forward to what’s to come for this amazing city. Pictures curtesy of NJ.COM