Ironstate Development and Panepinto Properties has secured has secured $155.83 million in financing for the development of 90 Columbus, a 539-unit, 50-story, Class A apartment tower in Jersey City. The project is located at the corner of Marin Boulevard and Steuben Street in Jersey City’s Grove Street District. Due for completion in 18 months, 90 Columbus will feature studio, one-, two- and three-bedroom luxury residences averaging 789 sqf each. The apartment complex will feature a swimming pool, indoor and outdoor children’s play areas, sport court, library and Wi-Fi lounges. The property is part of a multi-phase development, which also includes the 400-unit, 50 Columbus apartment building; 50-story, luxury residential tower 70 Columbus; the soon to be completed, 152-room Marriott Residence Inn at 80 Columbus; and on-site shared parking. Holliday Fenoglio Fowler placed the financing with a national commercial bank on behalf of the borrowers.
