420 Marin Boulevard is a 634-ft, 60-story residential tower in Jersey City that topped out in 2025 and will deliver 802 rental apartments over 115,000 sq ft of retail. Brookfield Properties and G&S Investors are developing it as part of the Hudson Exchange master plan.
Project Scope
The building carries about 1.3 million sq ft of floor area across 60 stories, with a parking garage at the base and retail at grade. Beyer Blinder Belle is the architect and Consigli Construction is main contractor. Construction started in 2023 after Brookfield and G&S secured a $420 million construction loan against a project cost of roughly $620 million.
The wider Hudson Exchange development includes 20,000 sq ft of publicly accessible green space. The tower sits a short walk from the Hudson waterfront and PATH service into Lower Manhattan.
Why It Matters
At 802 units in a single building, 420 Marin is the kind of scale Jersey City has been permitting for a decade and most other Northeast markets have not. New Jersey’s Gold Coast absorbed a large share of the regional rental pipeline while New York City construction costs and approvals pushed developers across the river.
The financing is the part worth studying. A $420 million construction loan closed in 2023, at the point when rate increases were already shutting down multifamily starts nationwide. Projects of this size, with institutional sponsorship and an established master plan behind them, kept clearing the lenders’ underwriting while smaller deals in secondary markets did not. That split is still visible in the multifamily pipeline today.
Topping out in 2025 puts delivery into a Jersey City market that has to absorb several thousand units over the same window.
Construction on a 60-story tower over a parking podium and retail base is a two-system problem. The garage and retail levels use long-span transfer framing to clear column spacing the residential floors above do not need, and the transfer level is where most of the schedule risk concentrates. Above it, the tower runs as a repetitive cycle.
Jersey City’s Gold Coast also brings site conditions that shape foundations. Fill, high groundwater and proximity to the Hudson push most towers here into deep foundations with substantial dewatering during excavation, which is a meaningful share of the early budget and one of the reasons a project of this scale takes two years to get out of the ground.
Project Team & Details
| Developer | Brookfield Properties / G&S Investors |
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| Owner / Client | Brookfield Properties / G&S Investors |
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| Architect | Beyer Blinder Belle |
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| General Contractor | Consigli Construction |
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| Status | Topped Out |
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| Funding Source | Private |
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