Jersey City’s Planning Board has approved Homestead Market, a pair of connected 47-story buildings rising 513 feet (156 meters) along Summit Avenue near the Journal Square PATH station. The project will add 1,517 residential units, a hotel, and ground-floor retail to one of the city’s densest transit corridors.
Homestead Market unfolds in two phases split between the towers: the first with 863 units, 87 of them affordable, 26 hotel rooms, and ground-floor retail; the second adding 654 units, including 66 affordable, alongside further hotel rooms and retail. Notably absent is any off-street parking, a departure that reflects the corridor’s proximity to the PATH station. Between the high-rises, a retail plaza and pedestrian walkway are designed to connect directly to Homestead Place, a master plan expected to bring roughly 4,500 residential units to the corridor across seven properties.
The buildings qualify for their full height under the Journal Square 2060 Redevelopment Plan’s commercial-use height bonus, which permits additional floors in exchange for meeting affordable-housing and commercial-use requirements.
The board’s 3 September 2026 approval grants variances for tower setbacks, retail depth, and a partial loading-zone exception, though no construction timeline has been set. The approval extends a broader pattern of high-density, transit-oriented growth in Jersey City, which expanded its housing stock by 24 percent between 2010 and 2022 and approved more than 68,000 residential units citywide between 2015 and 2025.
Read more at Hoodline.com