The JCEDC is the premier economic development agency of New Jersey. Through the JCEDC and with the City, many programs are available. The JCEDC helps to secure financing and also provides technical assistance. New Jersey offers a wide array of development resources. The building boom in Jersey City bodes well for the future. Here are the "specs" for Jersey City. Jersey City development often figures prominently in the news. Here is the JCEDC contact information.

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Grove Street Development

Luxury apartments are first of multi-phase project

Mack-Cali Realty Corp. sold the International Financial Tower in 2000 for $152.5 million to a joint venture of CommerzLeasing und Immobilien GmBH Duesseldorf and GOA Germania of America Inc. Major tenants of the 622,000 square-foot office tower located across from the Grove Street PATH subway station are Donaldson, Lufkin & Jenrette (Pershing Division), PCN Bank and NTT Data Communications.

Jersey City-based developer Panepinto won approval from the Planning Board for the first phase of the Christopher Columbus Towers plan. The project will include a 27-story, 306-unit luxury apartment building with 23,000 square feet of ground floor retail and 306 parking spaces. The second phase of the project will adjoin a 1.1 million-square-foot office tower and 60,000 square feet of commercial space. Schenkman Kushner Affiliates plan to break ground in fall of 2001 on a 1.1 million-square-foot office tower directly north of the Grove Street PATH station.



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