JLL Arranges $384M in Financing for Jersey City Multifamily Project

JLL arranges $384M capitalization for Panepinto Properties & AJD Construction's newest waterfront multi-housing development - Jones Lang LaSalle (NYSE:JLL), Kennedy-Wilson Holdings (NYSE:KW)

Harborside 8, a luxury high rise in Jersey City, lands $306M senior non-recourse financing and $78M preferred equity investment MORRISTOWN, N.J., Dec. 16, 2025 /PRNewswire/ -- JLL's Capital Markets group announced

Sixty-Five Story Jersey City Waterfront Tower Snags $384M in Financing

Harborside 8 will include ground-floor retail and 678 market-rate residential units. The apartments will offer a mix of unit types with sweeping views of the New York City skyline. Panepinto Properties will develop the property on one of the last available sites on the Hudson River waterfront. The post Sixty-Five Story Jersey City Waterfront Tower Snags $384M in Financing appeared first on Jersey City Times.

JLL arranges $384M for Harborside 8 luxury residential tower in Jersey City

JLL Capital Markets group announced that it has secured $306 million in senior non-recourse construction financing and $78 million in preferred equity for the land purchase and vertical construction of Harborside 8, a 678-unit, luxury waterfront multihousing development along the Hudson River Waterfront in Jersey City. JLL represented the borrowers, Panepinto Properties in Jersey City and AJD Construction in Leonardo, in securing the floating-ra…

JLL Arranges $384M in Financing for Jersey City Multifamily Project

JERSEY CITY, N.J. — JLL has arranged $384 million in financing for the land purchase and vertical construction of Harborside 8, a 678-unit multifamily project in Jersey City. The borrower is a partnership between Panepinto Properties and AJD Construction. The financing consists of a $306 million, floating-rate senior loan from Kennedy Wilson and a $78 million preferred equity investment from Affinius Capital. Harborside 8 will be a 65-story wate…