Print this page
Thursday, 07 November 2019

Madison Realty Lends $168Mln for Development of Jersey City, N.J., Apartments

Written by 
Rate this item
(0 votes)

Madison Realty Capital has provided a $168 million loan to fund the completion of the first phase of the proposed Emerson Lofts mixed-use complex in Jersey City, N.J., and fund pre-development work on three additional phases.

The project could have up to 1,100 apartment units, retail space, a 24,000-square-foot community center, a public park and parking. It's being developed on the site of the former Emerson Radio factory, which was built in the 1920s and where Emerson radios were assembled. More recently, it's been used as storage.

The property is being developed by Manhattan Building Co., which has developed other properties in Jersey City. Those include


Log In or



weekly-call-to-action

“The Weekly”

“The Weekly” is Commercial Real Estate Direct’s PDF newsletter, sent to subscribers every Friday morning. With over 100 news stories published on Commercial Real Estate Direct each week, “The Weekly” features the top stories in commercial real estate that industry participants need to know first. “The Weekly” also contains:

  • Breaking mortgage, CMBS, and REIT news

  • Quarterly league tables with rankings of B-piece buyers, book runners, and lenders

  • Industry moves and changes in “The Insider“

Additional Info

  • Syndicate to Realpoint: No
  • Cities: New York City
  • States: New Jersey, New York
  • Sector: Multifamily
  • Subject: Development/Construction (DEV), Mortgages/Financing (MOR)
  • Valuation: More than $150 million
  • Private: Yes
Read 81 times
Dan Moynihan

Latest from Dan Moynihan