Real Estate
Jersey City Luxury Apartments Get $331 Million Loan From CDPQ
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Tishman Speyer landed a construction loan to proceed with the second tower in its luxury rental development on the Jersey City waterfront.
The $331 million financing, led by Canadian pension fund Caisse de Dépôt et Placement du Québec, will be used to build 50 Hudson St., according to a statement. Construction is set to start soon, with the 40-story project expected to be completed in 2028.