HFF secures $156M loan for New Jersey’s residential tower

WCN Editorial Team 8 Aug 2016 NORTH AMERICA BUILDINGS

Holliday Fenoglio Fowler (HFF) has secured $156M in financing for the construction of a residential project in Jersey City, New Jersey.


HFF has secured the construction loan on behalf of Ironstate Development and Panepinto Properties.

The project, known as 90 Columbus, will include 539 housing units and is located at the corner of Marin Boulevard and Steuben Street in Jersey City’s Grove Street District.

The 50-storey, Class A apartment tower will feature studio, one-, two- and three-bedroom luxury residences averaging 73sq m each.

The development will also include a swimming pool, grilling areas, indoor and outdoor children’s play areas, dog run, sport court, table tennis room, library and Wi-Fi lounges.

The project is scheduled to be complete in 18 months.

90 Columbus is part of a multi-phase development, which also includes the 400-unit building called 50 Columbus; the 50-storey, luxury residential tower 70 Columbus; the soon-to-be-completed, 152-room Marriott Residence Inn at 80 Columbus; and on-site shared parking.

* Data provided by Timetric's Construction Intelligence Center.

With 11 websites and newsletters covering all the key areas within the construction industry, World Construction Industry Network is the leading global construction information resource. READ ABOUT US
PRIVACY POLICY

STAY IN TOUCH!

LATEST TWEETS

World Construction Network | www.worldconstructionnetwork.com is a product of GlobalData. Copyright © 2020 GlobalData. All rights reserved.