One of the largest high-rise developments planned for the Jersey City waterfront, Harborside 8, has secured major financing shortly after construction began. A US$384 million financing package has been arranged for Harborside 8, a luxury residential project at 3 Second Street, comprising US$306 million in construction financing and US$78 million to support land acquisition and vertical development. The deal was arranged by JLL on behalf of developers Panepinto Properties and AJD Construction, with capital provided through Kennedy Wilson and preferred equity from Affinius Capital.
Harborside 8 will occupy roughly half of a 169,000-square-foot (15,700-square-meter) former surface parking site and rise 68 stories to just over 708 feet (216 meters). Designed by Elkus Manfredi Architects, the building will deliver 678 residential units overlooking the Hudson River. Although approved as early as 2020, the project only began excavation and early works in 2025. Because entitlements predate Jersey City’s inclusionary housing ordinance, the development does not include an affordable housing component.
The lower eight floors of the building will accommodate a 329-space parking garage, while the ground level will include two retail spaces—one fronting the river and another oriented toward Hudson Street. Resident amenities will be concentrated across the 10th and 11th floors and include an outdoor terrace, swimming pool, golf simulators, dog run, club and dining rooms, library, conservatory, and wine bar, reinforcing the project’s positioning at the upper end of the residential market.
Harborside 8 forms part of a broader, multi-phase redevelopment of the waterfront district. A new internal roadway will be constructed north of the site, separating it from the remaining parking area slated for a future 57-story residential building known as Harborside 9. A formal groundbreaking for Harborside 8 is planned for early 2026, with full project completion anticipated in 2030, further reshaping Jersey City’s rapidly intensifying skyline along the Hudson River.
Read more at Jersey Digs.