Big changes are coming to the Jersey City, New Jersey, waterfront, with construction slated to start this month on the first of a two-tower, mixed-use development from Tishman Speyer that will provide apartments, public open spaces, and retail.
Tishman Speyer, which received approvals for the development a year ago from the Jersey City Planning Board, has secured full financing after closing on a $300 million construction loan from Otera Capital.
55 Hudson will comprise 1,017 units, with a mix of studio, one-, and two-bedroom floor plans. The 58-story tower will also offer residents access to a wealth of indoor and outdoor amenities, totaling approximately 75,000 square feet; 60,000 square feet of new retail space; and view of New York Harbor and the Manhattan skyline. Completion is anticipated for early 2027.
“55 Hudson has been designed and programmed to offer the very best in urban living,” said Erik Rose, senior managing director and head of U.S. residential development at Tishman Speyer. “We are thrilled by this opportunity to work with Otera Capital, mayor [Steven] Fulop, and the local community to further enhance this vibrant waterfront neighborhood to benefit all of its current and future residents.”
The development will be followed by 50 Hudson; the 48-story residential tower will include comparable indoor and outdoor amenities. Once complete, the two-building development will feature nearly 2,000 apartments, over 70,000 square feet of retail, and an approximately 32,000-square-foot waterfront plaza that will connect to Jersey City’s esplanade.
The transit-oriented project is adjacent to the NJ PATH, light rail, and fast ferries to New York. The buildings also will feature Energy Star-certified appliances and will seek Fitwel certifications.
Tishman Speyer collaborated with architectural and design teams at Handel Architects and Marchetto Higgins Stieve Architects; landscape architects Hollander Design and Melillo Bauer Carman; and interior designer Michaelis Boyd. A joint venture between Noble Construction and Hunter Roberts serves as the general contractor for 55 Hudson.