Mayor Steven M. Fulop of Jersey City

‘World-class skyline’

Ming Wu, AIA, principal with Perkins Eastman, said “99 Hudson will mark a new milestone for Jersey City’s resurgence as a truly great city in which to live and work. For decades now, people on the west side of the Hudson have marveled at Manhattan’s skyline, but today Jersey City is developing its own dynamic city, along with a world-class skyline. To play a part in this transformation is quite an honor.”

Wu’s firm has an office in Shanghai and has designed more than 100 major projects across China, including the Chinese Academy of Sciences in Beijing, the Hopkins-Nanjing University Center for Chinese-American Studies and the Ningbo metro station.

The half-billion-dollar tower, with an estimated completion date of 2019, will have close to 800 condos and will “dramatically remake the Jersey City skyline”, said Jersey City Mayor Steven M. Fulop.

The Jersey City housing market continues to grow at a rapid pace, and 99 Hudson will be New Jersey’s first large-scale condominium project in more than five years.

The development also will include almost 7,500 square feet of new public plazas and open green space as well as key additions to existing commercial and retail storefronts along Greene, Grand and Hudson streets.

The high rises of Jersey City are a testament to the economic drawing power of financial services firms, which have transformed the once-industrial Hudson County seat into a 21st century player.

Its waterfront location and PATH (Port Authority Trans-Hudson) rail service position Jersey City as a “Wall Street West”, and it is now frequently referred to as New York City’s “sixth borough”.

Fulop, who has been to China, said China Overseas’ investment, especially in a condominium project, is an expression of optimism about Jersey City and reinforces its progress toward becoming a “global city”.

“This is an historic project that will not only reshape the skyline, but will also be a catalyst for additional investment from China and other global investors,” Fulop told China Daily.