Tishman Speyer takes $331M for Jersey City luxury project

Tishman Speyer lands $331 million loan for 924-unit second phase of Jersey City project – Real Estate NJ

A project by Tishman Speyer calls for bringing more than 1,900 new apartments to a site at 50 and 55 Hudson St. in Jersey City. — Courtesy: ImageFiction via Tishman Speyer By Joshua Burd Tishman Speyer has secured a $331 million construction loan for a 924-unit apartment tower in Jersey City, the second piece of a two-phase development along the Hudson River. According to a news release, global investment group CDPQ provided the financing in con…

Tishman Speyer Secures $331M for Second Phase of Jersey City Apartments

Tishman Speyer has secured full construction financing for 50 Hudson St., the second of a two-tower residential development along Jersey City’s waterfront. After closing on a $331-million construction loan led by CDPQ, Tishman Speyer expects to commence this spring, with completion anticipated for 2028. Located directly along the Hudson River, the 40-story tower will encompass 924 rental apartments with a mix of studios, one- and two-bedroom hom…

Tishman Speyer takes $331M for Jersey City luxury project

Canadian pension fund Caisse de Dépôt et Placement du Québec led the financing for the 924-unit development.