Posted Aug 31, 2021, 2:05 PM
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NYC/NJ/Miami-Dade
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Join Date: Jul 2013
Location: Riverview Estates Fairway (PA)
Posts: 45,795
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Phase Three of Jersey City’s Provost Square Will Finally Rise This Fall 
Quote:
After months of delays stemming from the COVID-19 pandemic, the third component of a prominent multi-tower development will start to rise in the Powerhouse Arts District during the coming months.
Toll Brothers has officially begun pile driving at 151 Bay Street, a parcel formerly home to an A&P Annex facility. The construction activity follows ongoing work early last year that saw the partial demolition of the existing building at the property, which is set to be reborn into an arts destination.
Designed by SLCE Architects, phase three of Provost Square will restore the façade on the existing A & P Annex Building and repurpose it as a lobby for a new 550-seat performing arts center. The theater itself will be 26,532 square feet and the new structure will additionally include 17,706 square feet of multi-purpose art space.
The remainder of the phase, which will be marketed as 151 Bay Street at Provost Square, consists of a 33-story tower that shares a retail base with the project’s first portion. The new high-rise calls for 259 residences, 6,289 square feet of retail, and a parking garage with 218 spaces. 12 of the residential spaces will be designated as live/work units, including one for an artist-in-residence.
Toll Brothers says they expect 151 Bay Street at Provost Square to take about 36 months to complete and is asking Jersey City’s planning board for a three-year extension for the project’s fourth and final phase. The last portion, set to rise on a surface parking lot at 352 Marin Boulevard, is set to rise five stories, include 32 workforce housing units, and another 2,600 square feet of ground-floor retail.
The company will be utilizing the parking lot as a staging area during the buildout, which is the driving factor behind the approval extension request. Toll says they anticipate phase four to begin construction shortly after phase three wraps work.
When the full buildout of the final phase is complete, Provost Square will consist of 950 total residential units, over 40,000 square feet of retail space, and a 26,000-square-foot pedestrian plaza.
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