A new $50 million, 163-unit luxury apartment complex has completed it’s first phase on Jersey City’s West Side, part of a public-private partnership between New Jersey City University, the City of Jersey City and several other entities.
By John Heinis/Hudson County View
The complex is situated along West Side Avenue at 23 University Place Blvd. and is just one component of University Place, a master redevelopment plan for an eight-building site spearheaded via public-private partnership.
The initiative was made possible through cooperative efforts between New Jersey City University (NJCU), Jersey City, The Hampshire Companies, Claremont Companies and Circle Squared Alternative Investments.
The finished product will ultimately result in a district with over 1,000 market rate units and 100,000 square feet of retail space, a performing arts center, cafes, theaters and recreational spaces.
RIVET, in NJCUâ€™s West Campus Redevelopment Area, is a 2018 Urban Land Institute (ULI) Northern New Jersey Excellence Award recipient for Public/Private Partnership and a 2019 Leading Infrastructure Project Award recipient from the New Jersey Alliance for Action.
The complex boasts 163 luxury rental units, 10,000 square feet of retail, commercial and restaurant space and is located one-third of a mile from a Hudson-Bergen Light Rail stop.
The award-winning building also includes a structured garage and two bike terminals, plus a rooftop terrace with an outdoor bar, lounge areas, dining areas, game tables, a sunning deck and a recreational lawn.
â€œRIVET has played an essential role in launching the transformation of Jersey Cityâ€™s West Side, offering a luxury housing option at an affordable price point,â€ Claremont Companies Director Richard Sciaretta said in a statement.
â€œThis artfully crafted complex will be in high demand for years, and we are happy to be a contributor to this valuable partnership.â€
University Place is a direct result of collaboration between the New Jersey Legislature, local government, NJCU and the local business community. Various dignitaries â€“ including Jersey City Mayor Steven Fulop, the Jersey City Municipal Council and NJCU President Sue Henderson â€“ have praised the collective efforts around University Place.
Henderson called the partnership a â€œgame-changerâ€ that is â€œtransformative for both NJCU and our local community.â€
Dresdner Robin was engaged to provide land development services for RIVET, University Placeâ€™s first phase.
The firm was responsible for the preparation of site plans that were transformed into construction documents â€“ including site layout, grading, drainage and utility design and rooftop landscape architecture.
The Jersey City-based land-use consultancy also obtained an assortment of permits necessary for construction, including with the municipal utilities authority, regional sewerage treatment facility, local soil conservation district and the New Jersey Department of Environmental Protection. During its initial stages, Dresdner Robin also provided construction observation services.
â€œDresdner Robin is proud of the wide-ranging services it has provided for University Place â€“ no doubt a transformative project,â€ said Dresdner Robin Project Manager for Engineering Robert Byra.
â€œWhile it required extensive coordination with the university and the design team, RIVET certainly stands out among our portfolio, based on both scope and its direct, and immediate, contribution to the cityâ€™s West Side.â€
As a result of the successful collaborations between Claremont Companies and Dresdner Robin, the two corporations have completed plans for a similar mixed-use development within the redevelopment area along West Side Avenue, which is expected to start construction in early 2019, and are in discussions for other projects envisioned with NJCUâ€™s West Side Campus project.