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Old Posted Jun 4, 2020, 1:57 AM
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JERSEY CITY | 26 Van Reipen Avenue | 315 FT | 27 FLOORS

26-28 Van Reipen Avenue




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The second phase of Nadmar’s plan is for a parcel at 26-28 Van Reipen Avenue just a block away. Currently a vacant lot surrounded by fencing, a 27-story mixed-use building is set for the site and the project includes an expansion of the pedestrian plaza and retail space on both the ground level and on the second floor.

Designed by New York-based C3D Architecture, the third floor of 26-28 Van Reipen will sport office space, while the remainder of the building includes 235 residential rental units consisting of large studios, one-bedroom units, and three-bedroom suites. The building’s rooftop will feature a pool and amenity space offering panoramic views of New York City.
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Jersey Digs
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Old Posted Nov 20, 2021, 4:31 PM
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Namdar Group Closes On $96M Financing Package To Complete 26 Van Reipen Avenue In Jersey City



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Namdar Group, a family-owned developer based in New York City, has closed on a $96 million financing package to complete a new high-rise residential building in Jersey City. The property is located at 26 Van Reipen Avenue and will eventually support a 27-story building with 235 rental apartments and ground-floor retail.

The financing package was provided by SCALE Lending and arranged by Drew Fletcher, Matthew Hirsch and Bryan Grover of Greystone Capital Advisors. Those funds will support construction costs for 26 Van Reipen Avenue and the acquisition of 400,000 square feet of fully entitled land at 626 Newark Avenue. Both properties are located within Homestead Place, Namdar Group’s seven-building master development that will eventually comprise over 2.1 million square feet.

Additional properties within Homestead Place include 87 Newkirk Street, which is now complete and fully occupied, 26 Cottage Street, 35 Cottage Street, 29 Van Reipen, and 618 Pavonia Avenue.

“To be able to work again with t​​he Namdar Group, an institutional developer with a proven track record in the marketplace, is a great opportunity for SCALE,”​ said Martin Nussbaum, co-founder and principal of Slate Property. “We believe in working with top tier sponsors on a repeated basis as they grow their portfolios​.​”

​​​This loan marks the latest closing for SCALE Lending, a Slate Property Group affiliate, with more than $1 billion lent over the last 18 months. At that rate, SCALE is easily among the most active lenders in the New York Metropolitan market for construction financing.
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Old Posted Nov 22, 2021, 9:54 AM
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And still no One Journal Square. lol
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Old Posted Jan 3, 2022, 1:46 AM
Oron Zchut Oron Zchut is offline
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Nope! But this one started some time ago
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Old Posted Apr 17, 2022, 5:46 PM
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Old Posted Apr 24, 2022, 2:19 PM
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Old Posted Apr 8, 2023, 1:08 PM
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