JERSEY CITY, NJ—Onyx Equities, LLC and Rubenstein Partners, L.P. have unveiled specifics of a $20 million redevelopment project at 30 Montgomery Street in Jersey City, NJ, a 15-story, 320,000-square-foot office building they purchased earlier this year.
Built in the early 1970s, 30 Montgomery Street was among the first office towers ever to be built along the waterfront. Among the most extensive New Jersey office building upgrades in decades – including a $5 million dollar exterior window replacement – the goal of the project is to position the building as one of the premiere corporate environments in one of the state's hottest class-A office and residential markets.
“The investment by Onyx and its partner Rubenstein to upgrade 30 Montgomery Street speaks to the dynamic Jersey City real estate market,” said Jersey City's mayor, Steven Fulop. “Jersey City is on the leading edge of construction and job creation in New Jersey and this major investment to upgrade older commercial building stock is the latest example of how bullish investors are on our city.”
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
