**JLL Capital Markets Secures Financing for Hekemian Group’s Jersey City Multifamily Project**
JLL Capital Markets has arranged financing for the development of Coles Street Apartments, a planned high-rise luxury apartment community featuring 465 units in Jersey City, New Jersey.
The JLL team—led by Senior Managing Director Thomas Didio, Managing Director Thomas E. Didio, Jr., Director Gerard Quinn, and Associate John Cumming—represented the borrower, The Hekemian Group. The financing includes senior debt from Kennedy Wilson and mezzanine financing from Red Cove Capital. While financial terms were not disclosed, the successful closing reflects strong lender confidence in the project and the broader New Jersey waterfront market.
Located at 305 Coles Street in historic Downtown Jersey City, Coles Street Apartments will offer convenient access to Manhattan via the nearby Grove Street and Newport PATH stations, providing direct routes to both Midtown Manhattan and Hudson Yards.
“The successful arrangement of this financing underscores confidence in the NJ Waterfront and affirms the quality of this luxury development led by The Hekemian Group,” said Thomas E. Didio, Jr. “305 Coles is poised to meet the growing demand for high-end rentals in this thriving submarket.”
Coles Street Apartments is set to further elevate the Jersey City skyline and expand luxury residential options in one of the region’s most dynamic and connected neighborhoods.
