Jersey City development gaining stronger foothold

Development sits near downtown and the waterfront, with easy access to Manhattan
  • 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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70-90 Columbus 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. The team behind the development, which is set to be completed in three phases, announced the adjacent tower at 90 Columbus landed $155.83 million in financing. Hoboken-based Ironstate Development and Panapinto Properties of Jersey City are partners in the development that offers rental apartments ranging from studios to three-bedroom units, a swimming pool, dedicated children's play areas, sports and entertainment spaces, a library and residential lounges. The building also features a basketball court and a dog run. One of the biggest selling points of the building is its sweeping views. The building's terraces feature nearly unobstructed 270 degrees of the Jersey City waterfront and New York City. Rents start at $2,410 per month for studio units and reach $3,950...