This article takes a closer look at a $75 million waterfront acquisition in Jersey City. The deal is set to reshape the Hudson River skyline, add over 1,250 new apartments, and push the city’s evolution from gritty port to a lively residential and retail destination.
A Major Waterfront Deal on the Hudson
A 4.2-acre stretch along Jersey City’s waterfront just sold for $75 million. It’s a clear sign of how much demand has surged on this side of the Hudson.
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The property, known as Harborside 8 and 9, sits right in the Harsimus Cove Station Redevelopment Area. This corridor is getting more popular every year, with easy access to transit, offices, and the riverfront walkway.
The site comes fully entitled and approved for large-scale construction. That gives the buyer a big head start in a city where zoning and approvals can drag on forever.
Harborside 8: A 65-Story Anchor Tower
Harborside 8 will be the taller of the two towers and could become a defining piece of Jersey City’s skyline. Plans call for a 65-story residential high-rise with 678 apartments, aiming to attract renters looking for transit access and waterfront views.
This isn’t just a tall building—it’s a vertical neighborhood. The project includes:
The park’s actually pretty important. It keeps expanding the chain of green spaces that have made Jersey City’s waterfront a real draw, replacing old piers and rail yards with places to walk, play, and relax.
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Harborside 9: Residential Density with Retail Energy
Next door, Harborside 9 will add its own flavor to the waterfront. The approved plan covers a 57-story residential tower with 579 units, bringing the total across both buildings to well over 1,250 apartments.
Harborside 9 brings even more retail and parking:
Harborside 8 and 9 aren’t just standalone towers. They’re designed to fit into a larger mixed-use waterfront district, blending homes, retail, open space, and transit into one neighborhood.
Panepinto Properties and the Evolution of the Waterfront
The buyer, Panepinto Properties, knows Jersey City well. CEO Joseph Panepinto Sr. and his team have been developing here for years, with projects that touch on residential, cultural, and commercial spaces.
By picking up Harborside 8 and 9, Panepinto is betting there’s still plenty of potential left as the old industrial waterfront becomes a modern urban neighborhood.
From Industrial Edge to “World-Class Community”
Joseph Panepinto Sr. says he’s confident this stretch of the Hudson can complete its shift from a working waterfront to a “modern, world-class community.” That vision lines up with years of planning that have made Jersey City more about transit, density, and public river access.
This deal fits a bigger pattern along the waterfront. Cushman & Wakefield, which represented Veris Residential in the sale, also handled the earlier sale of Harborside buildings 1 through 6, a group of transactions totaling $609 million. The steady turnover and reinvestment show that people still believe in the area’s long-term prospects.
What This Means for Jersey City’s Growth
With over 1,250 apartments and tens of thousands of square feet of new retail, Harborside 8 and 9 will bring thousands of new residents and a fresh jolt of street-level energy. That’s bound to ripple out into nearby city districts, giving a boost to restaurants, small businesses, and cultural spaces.
For visitors, the growing waterfront just keeps getting more appealing. Whether you’re hunting for Jersey City hotels with skyline views or planning a weekend exploring the riverfront walkway, local food, and arts spots, there’s more to see every year.
As more people look for where to stay in Jersey City, developments like Harborside 8 and 9 will help shape the vibe and amenities of the area. Old rail yards and warehouses are quickly turning into the kind of 24/7 neighborhoods that make a city feel alive.
Connecting the Waterfront to the Wider City
The growth along the Hudson weaves right into the larger urban fabric that stretches from Journal Square to the Heights and way beyond. For new residents, these towers become a base camp for discovering the many things to do in Jersey City.
There are waterfront festivals, food markets, galleries, and historic streetscapes. Parks further inland also offer a change of pace when you want to escape the bustle.
Transit keeps improving, and the bike infrastructure is honestly better than ever. Regional connections make getting to Jersey City easier for commuters and tourists—maybe even surprisingly so.
The city keeps growing as both a destination and a place to live, standing apart from Manhattan but never quite in its shadow. As this latest waterfront project rises, Jersey City’s story keeps unfolding, tower by tower and block by block, right along the edge of the Hudson.
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