Development Partners breaks ground on new 309-unit luxury rental building in Jersey City
JERSEY CITY, NJ — Ironstate Development Company, long known for transforming Downtown Jersey City with iconic residential towers, is expanding its efforts west of the waterfront to the City’s Lafayette neighborhood where a burgeoning renaissance continues to build momentum. The Hoboken-based real estate firm broke ground, April 10th 2018, with joint venture partners Brookfield Property Group and Landmark Developers on a new 309-unit luxury rental building. The mixed-use project will also include 3,800 s/f of street-level retail space and 8,000 s/f of commercial space that will serve as the new headquarters for the Jersey City Redevelopment Agency. Located at 100 Monitor St., the new five-story building will occupy a now-vacant 2.7-acre site just steps from the Liberty State Park Hudson-Bergen Light Rail Station and within walking distance of the Liberty Science Center and Liberty State Park. The project will create over 600 construction jobs and take 22 months to complete.