Mack-Cali Realty Corp. and Ironstate Development Co. topped out URL Harborside 1 September 29 at 713 feet, making the new multi-family tower on the Jersey City waterfront the tallest residential building in New Jersey.
Jersey City Mayor Steven Fulop and city officials joined the development partners and more than 200 tradespeople to celebrate the construction milestone of the 69-story residential tower that will bring 763 contemporary rental residences to Mack-Cali’s Harborside in downtown Jersey City.
The approximately $330 million development, the first phase of what will ultimately feature three towers comprising 2,358 residences overlooking the Manhattan skyline, is expected to open for leasing in the fourth quarter of 2016. The ambitious project has created hundreds of jobs in Jersey City, including construction and eventual full-time employment opportunities.
“This is a special project in every way,” says Mayor Fulop. “It will help redefine the entire New Jersey skyline. We couldn’t be more proud of the growth of Jersey City.”
URL, which stands for Urban Ready Life, was developed by Ironstate president David Barry to describe an innovative housing solution that maximizes space, reduces energy use, provides close and easy access to public transit, and serves the community with cafés, residential rooftop gardens, and other unique amenities. Designed by acclaimed Dutch architecture firm Concrete,URL Harborside 1 will be a flagship property with a distinctive tower reflective of its waterfront landscape.
The URL project is being built on a vacant parcel located within Mack-Cali’s Harborside mixed-use complex. The project will provide a new east-west connection of Bay Street within Harborsideand add public spaces and retail vibrancy to the neighborhood. The location provides unparalleled easy access to public transportation via the Exchange Place PATH station, the Hudson-Bergen Light Rail, and nearby ferry.