07 Mar Altree Developments announces new project for Jersey City
Altree Developments, led by third-generation developer Zev Mandelbaum, announced three new development projects across North America, including one in Jersey City.
Altree’s Jersey City West Side Arts development, situated in Journal Square and the emerging Mana Contemporary Art District, will consist of five buildings that include approximately 500 residential rental units ranging between 450 square feet and 1,300 square feet, along with approximately 50,000 square feet of retail and gallery spaces.
With proximity to Mana Contemporary, Jersey Square and Lincoln Park this development, only 11 minutes to Wall Street and 23 minutes to Penn Station, will appeal to young creatives seeking an area to work, live and play in an up-and-coming and thriving neighborhood, Altree said.
“It is a great privilege and honor to be able to bring these three iconic projects to life, creating beauty among three distinct neighborhoods,” Mandelbaum, president and CEO of Altree Developments, said in a release.
Altree’s development in Jersey City will be joined by 2 Forest Hill Road in Toronto, Canada and 44 Zorra Street in Etobicoke, Canada.