Jersey City development gaining stronger foothold

  • Apartment tower 90 Columbus landed $155.83 million in financing and the building is slated to be delivered by 2018.
  • 70 Columbus is already fully built and recently announced it has secured leases for 60 percent of its units in four months.
  • Jersey City's new developments and lower prices compared to New York City are helping boost the area's image to homebuyers and renters.

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In just four months of sales, the 50-story apartment tower at 70 Columbus in Jersey City leased out 60 percent of its units. And the good news for the team behind the property keeps on coming.