The Albanese Organization, BXP (NYSE: BXP), and CrossHarbor Capital Partners broke ground on 290 Coles Street, a $400 million residential development in Jersey City.
The development will deliver 670 apartments, complemented by 13,000 square feet of street-level retail, over 60,000 square feet of thoughtfully designed indoor and outdoor amenity spaces, and dramatic views of the Hudson River and Manhattan skyline.
“Breaking ground at 290 Coles reflects our continued belief in Jersey City as a great place to live and work, and our commitment to helping shape its future in thoughtful and lasting ways,” said Chris Albanese, President of the Albanese Organization. “This project represents more than new housing; it’s a meaningful step in further establishing SoHo West as a vibrant, integrated community. We’re proud to partner with BXP and CrossHarbor to bring this vision to life.”
“Today’s groundbreaking marks an important milestone in the development of 290 Coles Street, and we’re grateful to celebrate this occasion alongside our partners at Albanese Organization and CrossHarbor Capital,” said Hilary Spann, EVP, New York Region at BXP. “With its continued population growth, Jersey City is an attractive market for new multifamily developments. Boasting a robust amenities package, thoughtful design and a highly desirable location with close proximity to the Hoboken Terminal, 290 Coles will offer residents a premier living experience.”
“We are excited that construction on the project is underway, and value the expertise of our partners in the development of 290 Coles,” said Tom Stevens, CrossHarbor Partner and Portfolio Manager. “The property is in a prime location that we believe will continue to be in demand as the neighborhood is further transformed by high-quality developments.”
Designed by MHS Architecture, the development features two commanding residential towers rising 14 and 21 stories above a six-level podium that gracefully unites residences, amenity spaces, structured parking, and retail. The 21-story tower is crowned by a beautiful rooftop sky lounge and outdoor sky deck showcasing expansive views of the Manhattan skyline.
Residents will benefit from a carefully crafted suite of modern amenities and social spaces built for today’s urban lifestyle, including expansive co-working areas, a fitness center, rooftop sky lounge and sundeck, outdoor pool, golf simulator, chef’s kitchen, children’s playroom, and pet spa. Interiors, designed by award-winning, Brooklyn-based Meshberg Group, will feature a loft-inspired aesthetic that balances form, comfort, and utility.
290 Coles stands as one of the largest private investments in SoHo West in recent years, representing a significant milestone in the neighborhood’s evolution from an industrial past to a well-connected, contemporary residential district. The neighborhood has seen new retail options and public spaces alongside residential growth, supporting its emergence as a vibrant community.
The project sits adjacent to the newly-created Coles Street public park and offers convenient access to Hoboken Terminal’s multi-modal transit options, including PATH, NJ Transit, NY Waterway, and Hudson-Bergen Light Rail. It is also just two blocks from a Citi Bike station and close to downtown Jersey City and Hoboken.
This project marks the Albanese Organization’s second major residential development in Jersey City, following the successful delivery and lease-up of The Hendrix in the nearby Powerhouse Arts District, which is a 46-story tower at 180 Morgan Street that contains 482 units. With a 75-year history of transforming communities, Albanese is known for design-forward, sustainable developments that strengthen the urban fabric. Notably, the firm pioneered the nation’s first LEED-Gold and LEED-Platinum high-rise multifamily buildings in Battery Park City—developed in partnership with New York State and the Battery Park City Authority—reflecting its longstanding commitment to environmental responsibility and community building.
Construction of 290 Coles Street is being managed by K L Masters Construction Company, with completion expected in spring of 2028. Additional members of the design team include ICOR Consulting Engineers, DeSimone Consulting Engineering and Dresdner Robin.
Albanese is also an active developer of affordable housing, including Wyandanch Village in Suffolk County, a 40-acre project which includes multiple apartment buildings, retail space, a park and skating rink, and a new school and LIRR train station. Albanese also has numerous other affordable residential projects in the design phase on Long Island, Brooklyn, the Bronx, and Syracuse. In November 2024, New York State ESD designated Albanese to develop a $400 million Cell & Gene Therapy innovative biomedical campus on Long Island on property owned by Northwell Health.
