Meridian lists Jersey City mixed-use development site for $50M
Meridian Investment Sales recently listed the Avenir mixed-use development site in Jersey City for $50 million.
Located in the city’s Marion neighborhood, the site contains 659,000 buildable square feet, with the property slated for 486 apartments across eight stories along with 25,000 square feet of commercial space. Senior Executive Managing Director David Schechtman and Managing Directors Lipa Lieberman and Abie Kassin are representing the seller in the transaction.
The 3.35 site has been approved by the Jersey City Planning Board and is eligible for a 20-year Payment in Lieu of Taxes.