Bayfront Promenade Is Slated to Become the First Development at Bayfront with 209 Units, 35% Affordable
Bayfront Development Partners, LLC (“BDP”), a joint venture of industry-leading, multi-family housing developers Pennrose LLC and Omni America LLC, plans to develop Bayfront Promenade, a six-story, mixed-income building consisting of approximately 209 units. This project will help form the foundation of Jersey City’s ambitious and visionary plan to create a vibrant, mixed-use community, and BDP recognizes its importance as the catalyst for the future redevelopment of the entire site.
In addition to creating 209 new apartments, 35% of which will be affordable to households earning up to 60% of Area Median Income, Bayfront Promenade will also include approximately 10,000 square feet of community facility space and a wide array of amenities such as an expansive outdoor terrace with grilling stations, a community lounge with a kitchen, a co-working lounge/media room, a fitness center and yoga room, a dog wash, and bike storage.
The project will incorporate multiple sustainable and green practices, and is anticipated to achieve Enterprise Green Communities and Energy Star certification while using LEED certifiable measures.
BDP believes that Bayfront Promenade is a compelling first step towards establishing the Bayfront community as a mixed-use, mixed-income model for equitable and sustainable growth in Jersey City and beyond, and looks forward to working with the city to achieve that vision.
BRP’s Cove Pointe Will Offer 590 Units with 35% Deemed Affordable
BRP’s vision for Bayfront Phase I, Cove Pointe, will result in two residential offerings, one building made up of 11 stories and the second made up of 12 stories with park spaces in between to help foster a sense of community at the property between future residents and the surrounding neighborhood. Of the approximately 590 total units of housing, 35% of those residences will be deemed affordable, set aside for those individuals and families at low- and moderate-income levels. The base of each building will contain townhomes, inclusive of individual entrance ways and landscaped areas to add greenery to the surrounding development’s streetscape. Each property will include a host of indoor and outdoor amenities consisting of a rooftop pool, fitness center, on-site parking, landscaped courtyards, terraces equipped with outdoor grills, tenant lounge areas, golf simulators, yoga studios and dog parks. Additionally, one of the two buildings is set to offer a corner retail space, which we envision a small grocer or fast-casual restaurant leasing in order to provide an easily accessible and essential resource to the residents in the area. Additionally, this project, through the guidance of a sustainability consultant will promote sustainable lifestyle features including electric car charging ports, green terraces and vegetation.
Upon completion, we envision Cove Pointe to be a pedestrian-oriented, family-friendly environment where all are welcome and we look forward to being part of the Jersey City community as we embark on the first phase of this new development.