TAY Investments Acquires Major Development Site in Jersey City's West Side Corridor
TL;DR
TAY Investments' acquisition of a Jersey City development site positions them to capitalize on the area's growth with 365 residential units, marking their largest project to date.
TAY Investments will construct an 8-story building with 365 units, 1,500 sq ft of commercial space, and 184 parking spaces on a 56,897 sq ft site starting Q2 2026.
This development will provide community-driven housing and amenities like wellness areas, enhancing neighborhood quality and supporting Jersey City's long-term growth and sustainability.
The project features 'The Sanctuary' with a pool, pickleball court, and rooftop bar, plus proximity to light rail and major redevelopment anchors like SciTech Scity.
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TAY Investments announced the acquisition of a fully approved development site at 212-230 Culver Avenue in Jersey City's West Side neighborhood. The 56,897-square-foot site will accommodate an 8-story building with 365 residential units, approximately 1,500 square feet of ground floor commercial space, and 184 indoor garage parking spaces. This represents TAY's largest development project to date and reinforces the company's expansion in Jersey City, where it has been active since 2013 and currently operates six projects totaling over 800 residential units.
The acquisition is significant because it demonstrates continued investment confidence in Jersey City's West Side corridor during a period of economic transition. According to Yuval Shram, Founder and CEO of TAY Investments, "This investment reinforces our long-term belief in Jersey City's, and specifically in the West Side, tremendous growth potential." The property's strategic location along Route 440 positions it within an area undergoing a multi-billion dollar transformation fueled by three major anchors: the 100-acre Bayfront waterfront redevelopment, the SciTech Scity innovation hub, and the expanding New Jersey City University campus.
The development's importance extends beyond residential supply to broader economic indicators. Shram noted that "with interest rates beginning to move toward normalization and construction cost escalation moderating, we believe there will be even stronger demand for high-end modern apartments in strong growth areas like Jersey City." This suggests the project could serve as a bellwether for the region's real estate market recovery and future development patterns.
The site's connectivity adds to its strategic value, sitting just 0.3 miles from the West Side Avenue Hudson-Bergen Light Rail Station, which provides direct access to downtown Jersey City and Manhattan. This transportation access makes the development particularly relevant for commuters and reflects broader urban planning trends favoring transit-oriented development.
The project will feature "The Sanctuary," a comprehensive wellness area with indoor and outdoor facilities including a pool, hot tub, state-of-the-art gym, yoga and meditation center, dry and wet saunas, cold plunge, pickleball court, and rooftop bar. These amenities represent evolving residential preferences toward health-focused living environments. The entire building will integrate state-of-the-art technology features to enhance the resident experience.
Construction is expected to commence in the second quarter of 2026, with a grand opening targeted for summer 2028. The project will include a mix of studio, one-bedroom, and two-bedroom configurations totaling 312,915 gross square feet. Shram acknowledged key partners in the transaction, including listing agent Yanni Marmarou, who "negotiated optimal pricing and terms, landing us what is likely the standout deal of the 2024–2025 cycle in Jersey City."
The development's impact extends to the local community through job creation during construction and permanent positions upon completion. As Shram stated, "We're committed to delivering a thoughtful, sustainable development that elevates the neighborhood and delivers meaningful impact for both our residents and the community." This project represents not just a real estate transaction but a long-term investment in Jersey City's evolving urban landscape.
Curated from Newsworthy.ai
