New Jersey City University (NJCU) recently held a groundbreaking ceremony for the second mixed-use residential building at University Place, a development which aims to create a unique sense of place between NJCU’s main campus and the adjacent neighborhood.
The $83 million P3 (Public-Private Partnership) residential project, led by KKF University Enterprises, LLC, will build two buildings that will have a combined 301 market-rate apartments, more than 11,000 square feet of transformative commercial space on West Side Avenue, and parking for 303 vehicles. The first building to be constructed is the 205,400 square foot, $43 -million apartment building. The building will have 149 apartments and 151 parking spaces. Occupancy for this first building is scheduled for fall 2018.
University Place is a $400 million redevelopment project which will greatly enhance Jersey City’s west side and have an enormous economic impact. University Place will provide students, faculty and neighbors with a welcoming place to live, work, dine, and shop.
Future construction will bring additional shops, a supermarket and other retail amenities, along with ample on-street parking and garages. Also planned are academic and non-academic facilities, including a center for the performing arts. The first project to be completed at University Place was NJCU’s West Campus Village Residence Hall which opened in September 2016. The first of four mixed-use residential buildings is slated for completion in 2018.Related Articles: