Dive summary:
- With Toll Brothers as the builder and AECOM as the financier, Jersey City, N.J., is slated to get 417 luxury apartments in a building not far from a Port Authority Trans-Hudson rail terminal.
- Northern New Jersey urban areas have increasingly become the choice of professionals who either cannot or do not want to pay the rents demanded in Manhattan, and Toll Brothers is tapping that market.
- To be called Provost Square, the apartment building is supposed to be the first of three that will contain 925 units and have a range of associated amenities, including a 550-seat performing arts center.
From the article:
Toll Brothers owns the two remaining sites, which are planned for development as condominiums. ...
