Panepinto Properties to develop multi-housing project in Jersey City
Panepinto Properties has plans to develop Pathside, a 605-unit to-be-built, luxury high-rise apartment building located in the Journal Square neighborhood of Jersey City, N.J.
JLL Capital Markets arranged the $193 million non-recourse construction financing for Pathside.
With an anticipated completion of Q2 2026, Pathside will feature studio and one-, two- and three-bedroom units, averaging 710 square feet. Additionally, the property will feature 3,200 square feet of ground-floor commercial space.
The project is being built by AJD Construction, a privately owned company founded by Anthony J. Diaco in 1977 and specializing in high-rise residential buildings. Since that time, AJD has built more than 50,000 apartments and prides itself as a streamlined company with the common goals of job completion, efficiency a