Albaneseorg: Albanese closes on land for big Jersey City development

The Albanese Organization wrapped up a $70 million site purchase for a major, mixed-use project in Jersey City as rents surge in the area. The Long Island-based developer expects to break ground next year on 670 apartments and nearly 17,000 square feet of retail at 286 Coles Street, JerseyDigs reported. Albanese's 1.8-acre downtown site was split off from Hoboken Brownstone Company's 305 Coles Street development, which has been in the works for at least twoThe post Albanese closes on land for big Jersey City development appeared first on The Real Deal New York.