Mayor Fulop announces that Bayfront will open after unanimous approval from the Planning Board; Includes 35% affordable housing and community amenities

Jersey City Planning Board Votes 7-0, Powering Area’s Largest Mixed-Income Private Community

JERSEY CITY – Mayor Steven M. Fulop announced today unanimous approval by the Jersey City Planning Council to move forward with the construction of the first Bayfront building with Bayfront LLC Development Partners, a joint venture between industry-leading developers Pennrose LLC and Omni America LLC. The first Bayfront building includes 35% affordable housing for low and middle income households. Under Mayor Fulop’s leadership, the Bayfront redevelopment project serves as a forward-thinking model for mixed-income development in urban areas across the United States.

Following last night’s 7-0 vote by the Planning Board, the next step will be to begin construction of the first Bayfront building in 2023, consisting of 210 residential units, 52 parking spaces, 143 bicycle parking spaces and 12 410 square feet of multifunctional retail space.

“When we lobbied to increase the need for affordable housing on site from 5% to 35%, we were told it couldn’t be done. Clearly, our perseverance is paying off as this first building with 35% affordable housing sets a precedent for the entire Bayfront project,” said Mayor Fulop. “We are making strides to realize this groundbreaking vision, maximizing the opportunity to build a premier waterfront residential and commercial area that best serves Jersey City residents by prioritizing affordability, jobs for residents, quality public spaces and attracting interest and investment. in the south and west neighborhoods of Jersey City.

With the Fulop Administration’s strict requirements for affordable housing throughout the project, Bayfront will provide the most affordable housing of any private mixed-income community of this size in the country.

In the six-story building, 74 affordable units will be reserved for households earning 60% and below the area median income (AMI). The first building will also include various community-oriented amenities including green infrastructure, flood mitigation and a public walkway along the waterfront of the Hackensack River.

“To see this come to fruition…to see so many affordable units is overwhelming and distributed as they are. So I’m happy to vote yes,” said Jersey City Planning Board Commissioner Steve Lipski in Tuesday night’s vote.

Pennrose LLC and Omni America LLC will also incorporate sustainable and green building practices to achieve Enterprise Green Communities and Energy Star certification while using LEED metrics, certifying the development of quality affordable housing that creates a healthier, socially responsible and sustainable place. for hundreds of families. live.

The Bayfront Promenade building will also house nearly 10,000 square feet of community space and a wide array of amenities, such as an expansive outdoor patio with grilling stations, a community lounge with a kitchen, a coworking lounge/dining room multimedia, a fitness center, yoga room, dog wash and bike storage.

“We have made incredible progress in transforming this once contaminated site into a waterfront sanctuary for the public to enjoy while developing quality affordable housing for our residents today and for decades to come,” said Tanya Marione, Director of the Planning Division.

The city acquired the 100-acre Bayfront property from Honeywell Corporation in 2018, intending to increase on-site affordable housing needs by 5%, as previously stipulated in the redevelopment plan, to a new target of 35%, with the city controlling the property. The agreement, passed by the city council, guaranteed $170 million to buy the land and build the necessary infrastructure on the property.

The first approval of the redevelopment agreement results from a rigorous process of several years. After extensive review, JCRA and the Bayfront Advisory Board carefully selected Bayfront Development Partners as the first approved tender for the redevelopment project. Bayfront Development Partners, a joint venture between industry-leading developers Pennrose LLC and Omni America LLC, has agreed to meet city demands to build affordable housing and other community requirements.

Last night’s Planning Board vote follows the unanimous approval of the project by the Jersey City Redevelopment Agency (JCRA) Board of Directors in July as well as the Bayfront Community Advisory Committee, a 7-member committee consisting of the mayor, a representative from JC Together, Ward A Councilor Denise Ridley, Ward B Councilor Mira Prinz-Arey, a Society Hill representative and two other members of the community.

(Visited 3 times, 3 visits today)