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Powerhouse Arts District, Jersey City, NJ

Real Estate
Historic Jersey City Matzo, Tea Factories Redeveloped In $121.5 Million Deal (PHOTOS) Historic Jersey City Matzo, Tea Factories Redeveloped In $121.5 Million Deal (PHOTOS)
Historic Jersey City Matzo, Tea Factories Redeveloped In $121.5 Million Deal (Photos) A luxury home developer is partnering with a New York City company to develop a Jersey City condominium community located in an area formerly home to the historic Manischewitz matzo factory and Great Atlantic and Pacific Tea Company warehouse. Toll Brothers and Sculptor Capital Management will be developing the 34-story 259-unit building at 151 Bay St., in Jersey City. Located within the Powerhouse Arts District in Jersey City, 151 Bay St. is being financed through a $121.5 million construction loan from Wells Fargo. The development will consist of 259 studio- to three-b…

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by Cecilia Levine