One of the major commercial corridors of Bergen-Lafayette could see a smaller industrial property transformed into retail space that includes a mid-rise residential addition, as Jersey City’s planning board will soon hear yet another proposal for the burgeoning neighborhood.
While many of the developments that have been planned for Jersey City recently are high-rise or mid-rise buildings with anywhere from dozens to hundreds of apartments, a building that was proposed for a narrow Ward E property could only consist of a handful of units.
Oceanwide Development II, LLC is looking to construct a five-story building at 330-330.5 Fifth Street between Monmouth and Coles Streets in Downtown Jersey City, according to a public notice from January 11. Despite its 43.3-foot height, the structure would only contain four units, though it is not listed if they would be rentals or condominiums. However, the website of Hoboken-based Schmitt Capital mentions plans for “luxurious condominiums” on the premises.
The property in question contains a two-story house. Located next to a four-story apartment building, the site stretches back to the Sixth Street Embankment and is situated in a residential neighborhood.
Four ground floor parking spaces would be provided on the lot should the development move forward. Two of the parking spots would be located inside while the remaining two are slated to be on the exterior of the structure and be accessible from the alley that runs alongside the embankment.
This type of construction, narrow mid-rise buildings that contain just a few units, has been popular in recent years with condominium development in Hoboken but has not been proposed many times outside of the Mile Square City.
The Jersey City Planning Board was scheduled to initially hear this proposal on January 22. Oceanwide Development II, LLC applied for Minor Site Plan approval along with two variances. The company has owned the property since July 2018.