metro plaza jersey city
Overview
Location: Jersey City, NJ
Major Tenants: BJ's, ShopRite, Bed Bath & Beyond
Size: 221,000sf
Website: http://www.hudsonexchangejc.com/
Metro Plaza at Jersey City is an 18 acre retail development just south of the Newport Center Mall. Newport is one of the main commercial hubs of Jersey City, with over X million sf of retail, office, and luxury residential development..
At the time of its acquisition, in 1993, development of Jersey City was at a standstill. G&S saw the potential for the development and convinced major retailers to join them in redeveloping Metro Plaza. The site was developed as a power center consisting of a 116,000 sq. ft. BJ’s Wholesale Club, 65,000sf ShopRite Supermarket, 40,000sf Bed Bath & Beyond, and a 22,000sf Pep Boys. Built on vacant land, the project helped to stimulate the economic revitalization of the area.
In working closely with the City and community leaders, the property was rezoned with the future in mind. What is now being called Hudson Exchange, this large-scale, mixed use project will integrate up to 6,000 rental apartments, 500,000 square feet of retail, and 2.5 acres of publicly accessible open space that will ultimately be one of the largest most dynamic development in the region.
The Hudson Exchange site is also within walking distance to the Newport and Grove Street PATH Stations, providing quick access to downtown and midtown Manhattan.