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Hartz, Roseland Plan $450M Jersey City Apartment Tower

JERSEY CITY-The development at 99 Hudson Street will have 1,000 units, and be one of the tallest buildings in the state -- if the Urban Transit Tax Credit program is revived.

By Debra Hazel | Updated on February 22, 2012

JERSEY CITY-Hartz Mountain Industries and Roseland Property Co. have announced plans to build one of the top five tallest buildings in New Jersey, a $450 million, 1,000-unit residential complex at 99 Hudson Street here – if the Urban Hub Tax Credit (UHTC) residential program is revived.

The developers had submitted an application for the credit several months ago, says Emanuel Stern, president and COO of Hartz Mountain Industries, in the announcement. But the program was suspended after depleting its $250 million allocation.

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