Wed April 14, 2021 - Northeast Edition
CEG
Proposed redevelopment along Jersey City waterfront near Liberty State Park: The Cove. (Ennead Architects rendering)
A joint venture between Argent Ventures and the Canadian-based H&H Real Estate Investments Trust is in the preliminary stages of transforming 18 acres on the Hudson River waterfront of Jersey City, N.J., into The Cove, a $3 billion mixed-use campus.
Favorable zoning allows for multiple uses at the new development, including residential, office, retail, hotel, laboratory and research facilities. As a result, The Cove will offer 1.4 million sq. ft. of lab and office space for life science and other tech users at rental rates lower than those found across the river in Manhattan.