Lennar Affiliate Starts Construction On Jersey City Apartment Tower
Yet another multifamily building is underway in Jersey City.
LMC, a wholly owned subsidiary of Lennar, commenced construction on an 18-story apartment building to be called The Lively on July 12 in the city's Powerhouse Arts District. The 18-story tower at 321 Warren St. will contain 180 market-rate units.
Normally, such a development would require a certain amount of units be set aside for affordable housing, but LMC has instead opted to include a 14,200 SF black box theater on the ground floor as a workaround.
The second floor will include further art and education spaces, while the ground floor will also include 1,343 SF of retail space, already leased to local retailer Lackawanna Coffee for its third location. According to LMC, the theater will be the first of its kind in the neighborhood.
The Lively, LMC's first multifamily development in the Northeast, will sit two blocks from the Grove Street PATH station between downtown Jersey City and the Hudson River. It will contain a roof deck with a pool, a fitness center with a flexible studio, a library and a demonstration kitchen.
TD Bank provided the construction loan for the project, and LMC has enlisted Katerra as its general contractor. Fogarty Finger Architects designed the exterior and interior of the building.
