Cove Point at Jersey City Bayfront Receives $8.6M Funding

Cove Point at Jersey City Bayfront receives $8.6M funding

The basics: New Jersey Community Capital provides $8.6M for Cove Point at Bayfront Cove Point phase adds 1,400+ residences; 35% designated affordable/workforce Development includes retail space, outdoor park, transit improvements As the Bayfront Redevelopment Project continues to take shape in Jersey City, New Jersey Community Capital revealed pre-development funding for the work. NJCC announced Aug. 13 providing $8.6 million to BRP Cos. for th…

NJCC Provides Pre-Development Funding for Cove Pointe in Bayfront Properties in Jersey City

New Jersey Community Capital (NJCC) has made an $8.6 million in preferred equity investment in the Cove Point phase of the Bayfront Redevelopment Project. The development is a public-private partnership which includes the City of Jersey City, Bayfront Development Partners, and BRP Companies. The former chemical plant and brownfield site, located on the city’s west […] The post NJCC Provides Pre-Development Funding for Cove Pointe in Bayfront Pro…