Goldman Sachs, Tishman Speyer to Pitch Two Residential Towers in Jersey City

A subsidiary of Goldman Sachs has submitted two applications to develop properties it owns at 50 and 55 Hudson Street in Jersey City. Image via Google Maps.

A major New York real estate developer and the occupants of Jersey City’s tallest office building are seeking to build a pair of skyscrapers that would add nearly 2,000 units and significant retail space along two blocks along the Hudson River. .

GSJC LLC, a subsidiary of Goldman Sachs, has submitted two applications to develop properties it owns at 50 and 55 Hudson Street. The company has had a significant presence in Jersey City since the 2004 opening of its headquarters at 30 Hudson Street, which was the tallest building in the Garden State for 14 years until 99 hudson Opened.

Goldman Sachs Tower Site Plan
Image of Handel Architects through the application.

The current properties, which contain a garage plus surface parking, are separated by tracks for the Hudson Bergen light rail system. The redevelopment effort will see Goldman partner with New York-based Tishman Speyer, owner of Rockefeller Center, among other prominent properties in the region.

Both towers are designed by Handel Architects and include a total of 1,941 residential units. The first phase would be the 58-story tallest tower at 55 Hudson Street, rising 637 feet at its tallest point and sporting a six-story podium base.

55 Hudson Jersey City
55 Hudson on the left. Image of Handel Architects through the application.

The initial portion would include 1,017 housing units, broken down into 298 studios, 514 one-bedrooms, 203 two-bedrooms and two three-bedroom spaces. Under the proposal, a total of 62,749 square feet of commercial space would front the Hudson Street side of the building, with 37,175 square feet on the ground floor and another 25,574 square feet on the third floor.

Under the plan, a new parking garage with 378 parking spaces including 539 bike spaces would be built, including a seventh-floor amenity deck with an outdoor pool, tennis courts, a dog park, area of garden and sections of grills. The 57th floor of 55 Hudson would also have an amenity space that includes indoor and outdoor areas.

50 Hudson Jersey City
50 Hudson seen from the boardwalk. Image of Handel Architects through the application.

The second phase of the plan at 50 Hudson Street would reuse the existing 467-space garage and add a 42-story tower with a two-story podium reaching 476 feet. The 924 units in that lot would also be smaller, being divided into 259 studios, 444 one-bedrooms, 221 two-bedrooms.

The plan includes 12,017 square feet of ground-floor retail space facing the Morris Street side of the building, as well as third-floor amenity space with a pool. The proposal also calls for an indoor and outdoor service area on the 41st floor.

Both planned towers are to sport a heavy glass look with significant portions of curtain wall plus podiums utilizing brick components. The towers are slated to feature dark silver-blue vision glass crowns and would be built offset from each other, meaning east-facing residences in both buildings would have views of Manhattan.

The plans seek to beautify the streetscape somewhat, as 55 Hudson Street includes a plaza along Hudson Street and the 50 Hudson Street development would expand the existing retail and leisure area along Morris Street outside of the 30 Hudson Building. Goldman’s Street.

The properties are under the Colgate Redevelopment Area and neither proposal requests variations from the existing zoning. Plans do not trigger inclusive zoning of Jersey City ordinance and therefore do not include any affordable housing component.

Plans for both towers are tentatively scheduled to be heard by the Jersey City planning board during its meeting on September 20, which will be held virtually and begin at 5:30 p.m. It can be accessed at this Link or using Webinar ID 814 5619 135.

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