The Jersey City Redevelopment Agency (JCRA) has issued a Request for Proposals (RFP) to “qualified developers” in order to repurpose and redevelop a six-lot parcel at 693-701 Newark Avenue and 30 Cottage Street near the Five Corners in Jersey City, New Jersey.
Ownership of the property was transferred from the City of Jersey City to the JCRA in 2016.
At that time, a legal notice stated that the reason the JCRA was interested in the property was due to “the enormous interest in developing hotels/multi-use residential in the Journal Square 2060 Redevelopment Area.”
A site visit for interested applicants will be held on Feb. 22, 2018.
All proposals along with a $1,500 application fee are due by March 16, 2018.
Image via Google Maps.