**Tishman Speyer Secures $331M Construction Loan for Jersey City Tower**
Tishman Speyer has secured full construction financing for 50 Hudson Street, the second phase in its two-tower residential development project along the Jersey City waterfront. The developer closed on a $331 million construction loan led by CDPQ and plans to break ground this spring. Completion is expected in 2028.
Situated directly along the Hudson River, the new 40-story tower will feature 924 rental apartments, offering a mix of studios, one-bedroom, and two-bedroom units. Construction is also underway on the first phase of the development at 55 Hudson Street, which will include 1,017 rental apartments. That phase is slated to open in early 2027.
Tishman Speyer has assembled a team of top collaborators for the project, including Handel Architects and Marchetto Higgins Stieve Architects. Landscape design is being handled by Hollander Design and Melillo Bauer Carman, while interior design is led by Michaelis Boyd. A joint venture between Noble Construction and Hunter Roberts will serve as the general contractor for 50 Hudson Street.
This milestone marks a significant step forward in reshaping Jersey City’s waterfront with high-quality residential offerings.
