SJP Properties, in partnership with Claremont Development and Battery Global Advisors, announced that The Lucy, a new luxury residential tower, has topped out. Located at 619 Grove St. in Jersey City, the residential community includes 444 apartments and a full suite of amenities. The design preserves and restores historically significant portions of the site’s original St. Lucy’s Roman Catholic Church, rectory and school.
The Lucy is being developed jointly by SJP Properties, Claremont Development and Battery Global Advisors, with equity partner PCCP. The building was designed by Michael Graves Architecture with interiors by Mary Cook Associates. Construction is being led by KL Masters Construction Company.
“We believe The Lucy will deliver a distinctive residential experience to Jersey City and with the building now topped out, we are one step closer to opening the doors,” said Steven J. Pozycki, founder and CEO of SJP. “This development seamlessly blends luxury living with the character of St. Lucy’s historic structure. By preserving its legacy and introducing exceptional new homes and amenities, The Lucy is expected to serve Jersey City as it continues to grow.”
Delivery is expected in 2028.
Marcus & Millichap arranged the sale of Canyon Villas, a 122-unit, 122-operating bed, independent living, assisted living and memory care facility with 133 licensed beds in the Clairemont neighborhood of San Diego. Pricing was not disclosed. “Our marketing process on Canyon Villas generated multiple high-quality offers and provided the buyer with a compelling value-add opportunity...
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A downtown Toronto tower once planned for condominiums is moving ahead as a 508-unit rental development, with Woodbourne and Capital Developments breaking ground on the 50-storey project at 88 Isabella St. The start of construction marks a significant shift for the Church-Wellesley property. An earlier proposal called for a 62-storey condominium tower, but revised plans...
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Ontario is proposing a major overhaul of archaeological approvals that could shave months or even years off development timelines, removing a potential obstacle for housing, industrial and infrastructure projects. The province announced proposed legislative changes Tuesday aimed at reducing archaeological approval timelines by an average of 80% while increasing assessment capacity by 45%. Under the...
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