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Hartz Announces 1000 Apartments for 99 Hudson Site
 
Hudson-County-NJ-area-Hartz-Roseland-business
 

Hartz Mountain Industries and Roseland Property Company will build a 1,000-unit residential complex at 99 Hudson Street in Jersey City, providing the exclamation point on New Jersey’s iconic waterfront location.

With a price tag of $450 million and a total size of more than one million square feet, the project would create more than 2,000 long-term construction jobs over a five year period, and will be the largest rental project and one of the top five tallest buildings in New Jersey.

Colgate Center is home to 90 and 70 Hudson Street, which were developed by Hartz Mountain and when sold last year were named the most expensive office buildings in New Jersey. After Hartz’s speculative construction of 70 and 90 in the late 1990s, Goldman Sachs built its tower and a Hovnanian-developed luxury condominium at 77 Hudson.

Roseland Property Company, which manages Hartz Mountain’s residential projects and is a partner in four of Hartz’s residential developments, envisions support retail and entertainment on the structure, which provided parking for residents and guests.

“The waterfront in Jersey City features many compelling pieces, but it lacks a center,” said Carl Goldberg, partner in Roseland Property Company. “We see 99 Hudson providing the components that would turn an interesting area into a classic neighborhood.”

Headquartered in Secaucus, NJ, Hartz Mountain Industries, Inc. owns and manages one of the largest privately held commercial real estate portfolios in the United States, comprised of approximately 200 properties and totaling more than 38 million square feet in the northern New Jersey/New York area, Hartz employs a comprehensive approach to real estate for leasing, management, finance, acquisition, architecture, construction, development, planning, and marketing, design and property management. By controlling the development process end-to-end, the company strives to remain at the forefront of commercial, industrial, retail and hotel development. Hartz has been recognized by NJPA Real Estate Journal as the “Best Developer of 2004” and the Business News New Jersey (NJBIZ) as one of the best places to work in New Jersey for 2004 and 2005. For more information, visit Hartz’s web site at www.hartzmountain.com.

Roseland Property Company is a leading developer of high-end multifamily, luxury residential communities and large mixed-use, multiphase land developments. The company and its principals have developed more than 40,000 residential units including over 4,000 for sale units since 2004, and currently manages approximately 7,000 units. For more information, call 973-218-2300 or visit www.roselandproperty.com.