Investing in Jersey City’s “Urban Centric” Workforce

Twin office buildings 70 and 90 Hudson St., in Jersey City's waterfront Exchange Place financial district were sold for $299 million. (Dan Fish)

Twin office buildings 70 and 90 Hudson St., in Jersey City’s waterfront Exchange Place financial district were sold for $299 million. (Dan Fish)

This past Friday, the San Francisco based, Spear Street Capital closed on its deal to purchase 70 and 90 Hudson on the Jersey City waterfront.The deal reflects the growing trend nationwide, to link investment in office/work space, with the location of a young and well-trained workforce. The confidence that Spear’s has shown provides further evidence for the importance of placemaking efforts that local municipalities and place management agents in New Jersey are engaged in. The intrinsic relationship between new investment and placemaking for our cities is growing, as we activate more public spaces, develop more effective management models and practices and support our urban neighborhoods through creative programming. Read the complete story here on NJ.com.

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