A Chinese developer is planning a 95-story condominium tower for the Jersey City, New Jersey, waterfront that would be the tallest building in the state.
China Overseas America Inc. plans to construct the 950-foot building at 99 Hudson St., according to a statement on Tuesday from Mayor Steven Fulop. The skyscraper, with 760 for-sale dwellings, would surpass the Goldman Sachs Group Inc. tower two blocks to the south, which is 781 feet tall, according to the statement.
The project shows how Jersey City has become a refuge and market of choice for a mix of empty-nesters and buyers priced out of Manhattan, Fulop said in an interview. The plan, calling for condos ranging from one to three bedrooms, shows that the city is attracting more families and others who want to buy homes and remain there.
“This building will literally have the best view in the world,” Fulop said. “It’s going to have panoramic views of the Statue of Liberty, Ellis Island and the New York City skyline.”
The final project will include an affordable-housing component, to be determined, Fulop said.
Condominium towers targeting wealthy buyers have been rising across the Hudson River in Manhattan, as apartment prices have climbed to their highest since their 2008 peak. One of them, 432 Park Ave., will be 1,397 feet tall upon completion, taller than the Empire State Building. High-rise towers are also going up across the East River in Brooklyn and the Long Island City section of Queens.