Abu Dhabi–based Modon has formed a joint venture with Related Companies and Panepinto Properties to deliver Harborside 4, a 54-story waterfront luxury residential tower in Jersey City. The project will include 800 residences, with approximately 75 percent designated as rentals and 25 percent offered for sale.
Modon will hold a majority equity stake in the venture, while Related will lead development, construction management, leasing, and operations. Project financing will be provided by a consortium of banks led by JPMorgan, though the total development value was not disclosed. According to Modon chairman Jassem Al Zaabi, the project advances the company’s global expansion strategy and focus on high-quality urban assets in key international markets.
Harborside 4 adds to Modon’s growing international portfolio, which includes joint ventures in London, luxury residential developments in Spain, and a recently announced ultra-luxury mixed-use investment in Palm Beach County, Florida. The Jersey City tower underscores Modon’s broader push to diversify beyond Abu Dhabi while scaling its presence in major global real estate markets.
Construction is scheduled to begin in the first quarter of 2026, with completion targeted for early 2029.
Read more at The National News.