Newmark has arranged a $277 million construction loan on behalf of a joint venture between Urby and Rockpoint for 201 Hudson — by Urby, a 748-unit multifamily development planned on the Jersey City, N.J., waterfront.
Located at 201 Hudson Street in Jersey City’s Paulus Hook neighborhood, 201 Hudson — by Urby represents the second phase of Urby’s waterfront residential development. Upon completion, the 69-story tower will deliver 748 market-rate apartments across approximately 528,000 rentable square feet, complemented by approximately 10,000 square feet of ground-floor retail space, extensive resident amenities and sweeping views of the Manhattan skyline and New York Harbor.
The financing will fund ongoing construction of the tower, which will feature a mix of studio, one-, two- and three-bedroom residences. Amenities include a pool, fitness center, social and coworking spaces, outdoor recreation areas and curated food-and-beverage offerings.
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