Jersey City officials broke ground on Phase I of the long awaited Bayfront project, where 35 percent of the 210 residential units of the promenade building will be affordable and another 45 percent for workforce housing.
Overall, there are 8,400 units planned for the entire development complex, with the 35 percent of units remaining affordable throughout.
Cleaning the site and arranging the financing with the Hudson County Improvement Authority (HCIA) and the NJ Economic Development Authority (NJEDA) took time, as it took over two decades to get to the construction phase.
“It speaks to a lot of what we have learned about the development on the Hudson River. When that started, there was no development in Jersey City,” Fulop, a Democratic candidate for governor, explained…