By Dana Schulz, 6sqft.com

After receiving approval from the city, last week, developer BRP Companies revealed renderings for their Bayfront Redevelopment Project in Jersey City along the Hackensack River. Located on a former brownfield site, the 100-acre project will be built in phases, eventually resulting in 8,000 units of mixed-income housing (35 percent of which will be affordable), said to be the largest such project in the region. This fall, construction will kick off on the 16-acre first phase, known as Cove Pointe, which will bring 1,092 units of housing, with 382 set aside as affordable and workforce housing.

Located on the west side of Jersey City off Route 440, the Bayfront Redevelopment Project site was formerly occupied by the Mutual Chemical Company, later taken over by Honeywell, who ran a chromate chemical plant and was found guilty of dumping toxic waste on the land in the 1990s. According to an article in the Hudson Reporter, in 2005, a judge ordered Honeywell to clean up the site, and in 2018, Jersey City acquired the entire property from the company for $100 million with the goal of increasing the affordable housing requirement from five to 35 percent.

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For the entire article, see

https://www.6sqft.com/with-8000-units-jersey-city-project-will-be-the-tri-states-largest-mixed-income-housing-development/

Posted June 11, 2020