Home to seven of the state’s ten tallest buildings, Jersey City will claim the tallest come 2018. That’s a date that doesn’t perhaps contain the same resonance for Mayor Steven M. Fulop as 2017, a gubernatorial election year and presumably one in which the mayor hopes to compete.
But if size enters the discussion of power, and power is more than just the whispered currency of politics, it’s all of a piece when one considers the fact that 99 Hudson Street in Jersey City blows away the Revel in Atlantic City.
Jersey City, in fact, now owns the winner of the tallest building competition in New Jersey.
99 Hudson Street is simply gravy.
So it was today that Fulop and the municipal council, and representatives of China Overseas America, as well as officials from the Chinese Consulate, broke ground on the 79-story residential tower that at 900 feet will be the tallest building in the state, recasting New Jersey’s skyline into more than that cross-the-river architectural homunculus alongside Manhattan.
With 781 condominium units, the development, by China Overseas America, Inc. is also the most significant condo project ever in the state, said Fulop, illustrating the strength of the Jersey City housing market. The project will also include approximately 18,000 square feet of commercial and retail space, and provides for additional public spaces and plazas, including 7,365 square feet of public plaza space.
“This is a transformative project. It will dramatically reshape New Jersey’s skyline, but more than that, it is symbolic of our continued growth as a world-class metropolis,” said the mayor. “The fact is, more people than ever want to call Jersey City home, and more businesses than ever want to invest here.”
Currently, the tallest building in New Jersey is in Jersey City – the Goldman Sachs tower at 781 feet at 30 Hudson Street. Trump Plaza, at 532 feet, is the State’s tallest residential building and is also in Jersey City. One of the three towers being developed as part of the Journal Squared Project by KRE is expected to be the second tallest residential building in the state behind 99 Hudson at 729 feet when completed.
“We are proud to bring 99 Hudson to life and represent the high standard of excellence of China and the China Overseas Holdings organization, a subsidiary of China State Construction Engineering Corporation, and develop a marriage with the Jersey City community to create 2,000 construction jobs and business opportunities for the local establishments,” said Cindy Xiu, president of China Overseas America, Inc.. “We are committed and proud to have our project advance the great growth of Jersey City. This building will literally have the best view in the world as it’s going to have panoramic views of the Statue of Liberty, Ellis Island and the New York City skyline.”