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Jersey City Mayor: Housing ‘Market Is On Fire’

Groundbreaking Held Wednesday For Luxury Rental Tower
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Jersey City apartment building groundbreaking (credit: Twitter/Mayor Steve Fulop)

Jersey City apartment building groundbreaking (credit: Twitter/Mayor Steve Fulop)

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JERSEY CITY, N.J. (CBSNewYork) – Another high-rise has broken ground in downtown Jersey City.

The 38-story building will feature 311 luxury rental units overlooking the Manhattan skyline.

“You’ll see steel coming out the ground very soon,” Mayor Steven Fulop told WCBS 880’s Levon Putney. “When you travel the streets of Jersey City during the day, you hear the sound of construction, which is the sound of jobs.”

Across the city, construction sites and cranes are hovering along Washington Boulevard and near the old Powerhouse off downtown Jersey City’s waterfront.

Another new apartment building is already going in along Washington Boulevard, Putney reported.

“We have 4,000 units under construction. This will create another 400 jobs,” said Fulop. “The market here is on fire. We’re going to be starting in two weeks breaking ground on a 69-story building, which will be the largest in the state of New Jersey on the residential front. So, the demand is there. We’re creating culture and restaurants.”

The mayor said the city has provided incentives to entice investors. He said he wants to attract a creative class to live in the city.

“Our goal is to make Jersey City a regional destination place for culture, arts, living, working,” said Fulop.

He said part of that vision includes adding more bars, restaurants and events.

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