Jersey City, NJ – The transformation of Jersey City’s Bayfront Redevelopment Project continues to gather momentum as the second phase of the ambitious plan has secured an $8.6 million investment. The funding, announced by New Jersey Community Capital (NJCC), will help advance the next stage of one of the largest mixed-use redevelopment projects in the entire country.
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From Contaminated Land to Vibrant Waterfront
The Bayfront site covers roughly 95 acres along the Hackensack River on land that was once home to a sprawling chemical plant. After decades of industrial use, the property underwent extensive environmental cleanup by Honeywell before being acquired by the City of Jersey City in 2018.
Today, what was once considered unusable industrial land is being reimagined as a thriving residential and commercial hub. The project is expected to transform the waterfront with more than 8,000 new housing units, extensive public amenities, and improved transportation connections that will reshape the city’s west side.
Phase Two: Cove Point
The second phase, called Cove Point, represents one of the most significant components of Bayfront to date. Designed by internationally recognized architects Perkins Eastman, this phase will add approximately 1,438 residential units across four mid-rise buildings.
Key highlights of Cove Point include:
- Affordable & Workforce Housing: 35% of the new homes will be designated as affordable or workforce housing, addressing the growing demand for accessible living options in Jersey City.
- Retail & Commercial Spaces: Street-level storefronts are planned to bring shopping, dining, and everyday conveniences to the neighborhood.
- Public Parkland: Outdoor parks and landscaped areas will provide green space and recreation for residents and visitors alike.
- Community Integration: Partnerships with local nonprofits will bring supportive services, ensuring Bayfront isn’t just housing but a truly livable, inclusive neighborhood.
The $8.6 million equity investment from NJCC will fund pre-development costs, allowing Cove Point to move closer to breaking ground.
A Vision for Affordable Living
Jersey City Mayor Steven Fulop has emphasized that Bayfront is designed to “put people before profit.” With housing affordability continuing to be one of the most pressing challenges in Hudson County, Bayfront is on track to deliver the highest percentage of affordable housing units of any private mixed-use development of its size in the nation.
The first phase, Bayfront Promenade, broke ground in 2025 and is set to include a six-story complex with 167 units, 80% of which are affordable or workforce housing. It also features a daycare facility operated by Greater Bergen Community Action, highlighting the community-first approach that runs through the entire project.
What Bayfront Means for Jersey City
Beyond housing, the Bayfront Redevelopment Project is poised to transform the infrastructure and livability of Jersey City’s west side. Planned improvements include:
- A new Hudson-Bergen Light Rail station to improve commuter access.
- Waterfront ferry service connecting to Newark Liberty International Airport.
- A new school and fire station to meet community needs.
- Extensive parks, playgrounds, and open space designed for residents of all ages.
- Retail corridors that will bring both local businesses and national brands to the neighborhood.
When fully realized, Bayfront won’t just add housing units—it will create a brand-new neighborhood that balances urban convenience with green spaces and strong community connections.
Why This Investment Matters
For NJCC, the Bayfront project aligns with its mission to revitalize underutilized land while ensuring that working families have access to quality, affordable homes. As Bernel Hall, NJCC’s president and CEO, explained, the development is a “transformational impact investment” that will improve quality of life not only for Jersey City residents but for the entire region.
In a city where rents and home prices have surged in recent years, the Bayfront project represents a rare opportunity to add thousands of homes while keeping affordability at the forefront.
Looking Ahead
With the second phase now backed by new funding, momentum for Bayfront is stronger than ever. As Cove Point moves toward groundbreaking, Jersey City residents can expect to see visible progress on what has long been considered one of the state’s most important redevelopment efforts.
For the Jersey Shore and broader Hudson County real estate markets, Bayfront signals a new model for urban redevelopment—one that prioritizes housing access, environmental rehabilitation, and community-driven growth.
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